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Didn't Renaissance Technologies made all their money from technical analysis? Who cares if it is simplification of something, if your goal is to make money, not
by amerkhalid 3y ago
Didn't Renaissance Technologies made all their money from technical analysis? Who cares if it is simplification of something, if your goal is to make money, not understand it.
- dogmayor 3y agoNo, they were/are running a far more sophisticated shop. Certainly not solely tech analysis techniques. Read "The Man Who Solved the Market" by Gregory Zuckerman. Here's a review: https://www.nytimes.com/2019/11/13/books/review/the-man-who-solved-the-market-gregory-zuckerman.html https://www.nytimes.com/2019/11/13/books/review/the-man-who-...
- nologic01 3y agoTA means something very specific, its not a proxy for all quantitative analysis. Actors with privileged access to information and superior execution capabilities may from time to time "beat the market". The rest are noise traders that are just being systematically fleeced.
- sidlls 3y agoThey’ve made their money through a combination of information asymmetry and gray-area or outright illegal practices (e.g. tax shenanigans). Their returns are literally unbelievable if they are operating within the bounds of regulations.