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I'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
by throwno 7y ago
I'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...