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No, I mean places like RenTech and TGS. But I'll humor your implied point: LCTM's failings have nothing to do with the core thesis I'm rebutting, which is that
by throwawaymath 7y ago
No, I mean places like RenTech and TGS.
But I'll humor your implied point: LCTM's failings have nothing to do with the core thesis I'm rebutting, which is that the only value in financial trading is provided by shady backroom dealings.
- throwno 7y agoI'm not as cynical as that guy. I don't think quants are a "scam" or whatever. However, I do think the the top funds represent survivorship bias. Everybody's a top fund, until they aren't. As for RenTech, the fact that Simons stepped down in 2008 says maybe things weren't all so rosy behind closed doors.
- auntienomen 7y agoYou're suggesting that Simons was forced out? By who? He owns the company.
- deepnotderp 7y agoLTCM died due to extreme leverage on low liquidity assets And Simons is 81 years old...