Well, forget about it. Jim Simons, the quant whiz who built teams of computer science wizards and math geniuses into Renaissance Technologies, is a once-in-a-lifetime talent. We learned from journalist Gregory Zuckerman that Simons’s fund returned an insane 40% annually. This year, according to Zuckerman, the firm’s flagship Medallion fund is up 24% after costs. Before fees, in the midst of the conoravirus crisis, the fund gained 39% YTD.One of the investment advisers. The hedges are betting that flat earthers in politics will soon correct their imbalances. The imbalances have grown so deep that even the superwealthy are abandoning support for the primary dealer system.
This is a bet between those who close the circle, and the Krugmans who claim that the economy is flat and scales properly, the 50 little Hoover fraud. So we will always be warned about this obvious fraud, and we will eventually figure out how to limit the damage.
Markov vs Krugman? No contest, Makov was and still is way ahead of the flat earthers and Markov forms the basis of these lucrative trades.
Barry is wrong about the computer power and algorithms. The hedges do not need that, they need that coloring algorithm that is on the top right of my page list. From that they can derive the proper hedge moments as they know when the coloring tiles are out of balance and a flurry of color settings happen. It is a racket until the total failure and regime change. It is all about running out of N, discovering the support is not there. Hedges can predict that moment by watching color imbalance.
Barry Ritholtz actually does no get Krugman's agglomeration theory, even though he directly interviewed the guy. All they talked was flat earth.
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