I heard him quoting former Renaissance CEO Robert Mercer to the effect " ..signals that make no intuitive sense do indeed work ..." which they (at the time of the quote) have been using profitably for 15 years.There are no ghost patterns. These guys have very defined edges which they fiercely protect. Saying “we are running a profitable strategy fo 15 years and still don’t know why it makes money” is nonsense.
Exactly my point.I know.
And aliens abducted Powell too so he could run the printing experiment.
I heard him quoting former Renaissance CEO Robert Mercer to the effect " ..signals that make no intuitive sense do indeed work ..." which they (at the time of the quote) have been using profitably for 15 years.
So you, I assume like me are a "small" trader, are doubting the words of a former CEO of a trading goliath? Correct?
There are no ghost patterns. These guys have very defined edges which they fiercely protect. Saying “we are running a profitable strategy fo 15 years and still don’t know why it makes money” is nonsense.
Trough my meditative state I asked aliens to give some information from higher up.rentech had a strategy that used the temperature in Central Park to predict stock prices. They knew the correlation existed but can anyone explain why the correlation exists? But it earned for a long time.
I thought it was an urban legend - I'd be surprised if a shop like RenTech would research strategies without a strong prior.rentech had a strategy that used the temperature in Central Park to predict stock prices. They knew the correlation existed but can anyone explain why the correlation exists? But it earned for a long time.