3 ms·

Some say that RenTech is far more technologically ahead than people realize. I've heard some pretty crazy rumors. Stuff like they've already achieved AGI, they

Some say that RenTech is far more technologically ahead than people realize. I've heard some pretty crazy rumors. Stuff like they've already achieved AGI, they have shell companies employing EEs that have designed better chips than what is publicly available, they've had quantum computers for years, etc. On the flipside, sometimes you hear stuff like they're just a front for foreign cash, it's a sophisticated money laundering operation, etc. Of course, I don't work there, I don't know anyone who works there, and AFAIK I don't know anyone who knows anyone who works there. They are one of the great mysterious organizations of our modern world. Almost like a secret society of sorts. I'd love to know more.

tony1998 3y ago
Yes, I agree with you. My doubts are: 1. They don't have a negative return. For example, every time the SP500 was negative the Medallion Fund's return was positive by much more. Sometimes x2 or x3. It can happen in the financial world but that it always happens seems strange to me. 2. Renaissance Technologies' public funds are as good as any, with ups and downs. Instead the "secret" one, the Medallion Fund, always positive return. 3. Mystery. Employees can't talk about how they make money. The money is managed internally without having external inputs. Warren Buffett is transparent about everything. For better or for worse, you find his companies where invest, you know his investment philosophy, his mistakes and his victories. Here you find only victories. 4. The financial media constantly praises him but no one has ever questioned him. All speeches and questions are "fantastic team", "mathematics", "quantum strategy". Very generic. Again, this is just curiosity about Medallion Fund, nothing else. Is J. Simons a genius? Probably but there is something that doesn't convince me.

tony1998 3y ago

Yes, I agree with you. My doubts are: 1. They don't have a negative return. For example, every time the SP500 was negative the Medallion Fund's return was positive by much more. Sometimes x2 or x3. It can happen in the financial world but that it always happens seems strange to me. 2. Renaissance Technologies' public funds are as good as any, with ups and downs. Instead the "secret" one, the Medallion Fund, always positive return. 3. Mystery. Employees can't talk about how they make money. The money is managed internally without having external inputs. Warren Buffett is transparent about everything. For better or for worse, you find his companies where invest, you know his investment philosophy, his mistakes and his victories. Here you find only victories. 4. The financial media constantly praises him but no one has ever questioned him. All speeches and questions are "fantastic team", "mathematics", "quantum strategy". Very generic. Again, this is just curiosity about Medallion Fund, nothing else. Is J. Simons a genius? Probably but there is something that doesn't convince me.