Friday, June 12, 2020

did corona get to Renaissance ..?

the fund is down 20% YTD .. it's not a criticism, rather, i am curious as to how computerized trading deals with high volatility based on abnormal situation and deals with human behavior.

after Buffett & Munger, the next person i have keen interest in learning about is Jim Simons, an academic  mathematician, who runs a $75B Renaissance fund, which have been blatantly successful applying mathematical models to trading until this year.

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Feds announced the first rate cut of the year .. 25 basis points

Now go back and look for how many of the idiots talked about multiple cuts by now ..!