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I highly doubt it. Most of their hires were more machine learning with speech types from IBM, rather than topologists. I doubt the topologists they did hire wer
by ilzmastr 7y ago
I highly doubt it. Most of their hires were more machine learning with speech types from IBM, rather than topologists. I doubt the topologists they did hire were being hired for their expertise in fiber bundles rather than for their general intelligence and intellectual curiosity.
I think other commenters are correct when they say HMMs and linear regression made them much of their money in the 90's. I wrote an article [0] summarizing this.
But it is always tempting to think they must be doing something esoteric and mystical at Medallion. A part of me thinks that when interviewed the employees of Medallion say they do whatever simple XYZ technique from quantopian.com/lectures just so that the reporter with a distant memory of HS math leaves them alone. Another part of me does believe that you can do simple things at scale and still make money.
[0]: https://medium.com/@ilyakavalerov/the-man-who-solved-the-market-and-the-solution-was-hmms-and-regression-dd60cea5a6d7 https://medium.com/@ilyakavalerov/the-man-who-solved-the-mar...