Sounds about right, plus they also developed their own in house computer language for all their algos.
Renaissance keeps making billionaires
- Thread starter Maverick74
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Sounds about right, plus they also developed their own in house computer language for all their algos.
%% Thought it maybe mostly stocks, as near NYSE as he lives. Dont really know ,must be some chicago trend$, mentioned weather...............................................................
In-house programming language makes perfect sense. I worked on compatibility with Lexifi and the productivity improvements from a DSL tailored to writing contracts was insane. Not only that, but combined with the right risk analytics software, it was fucking beautiful to watch it all work.
I can imagine that they have probably developed in-house languages to express many different things, not just pricing models but also execution models.
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Good points on listening to them for a few days; that means you most likely know more about them than i do.And since it sounds like a repeating pattern to me, one of the managers said he likes trading [ or investing....] noise+ has a large [HIghly regulated-controlled by feds ] machine gun collection. Repeating pattern; he must really like noise[play on words. ] By the way ;noise is a small trend, in a trading sense........
Simmons is not an idiot. He will protect his business. The last thing he will do is give hints on how they work. Chances that he is telling about things they don't do at all, is much bigger than Simmons telling the truth.
Mislead people, but do it in such a way that they don't realize that you are misleading them. Give them the impression that you are sharing valuable information.
A little bit of paranoia is smart, believe all that people say is not smart.
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I see your points, M trader; dont really know those managers. Contrast that , however with Ray Dalio -Bridgewater, [much larger ......]giving out plenty of pattern fragments[Jack Schwager top traders+ hedge fund interviews, book ]. Part of it is a personality type ,many people are simply generous in ways that dont really leave their business unprotected.
Or Carl Ichan announcing his stock positions ,usually with plenty of trend left?? What's Mr Ichan's average long term increase about 50%??Its much, much better than average; thanks.
I thought I read an article some time back claiming they do it like buffett does. (although i'm not referring to long term holding of value stocks)
They find small, very non volatile edges and then leverage it big. Buffet generated his returns by non volatile value stocks leveraged.
It'll be interesting to see what transpires from that mclatchey article about the taxes that may be due. I think they said 6 or 7 billion. May make a billionaire or two not a billionaire anymore.
They find small, very non volatile edges and then leverage it big. Buffet generated his returns by non volatile value stocks leveraged.
It'll be interesting to see what transpires from that mclatchey article about the taxes that may be due. I think they said 6 or 7 billion. May make a billionaire or two not a billionaire anymore.
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Paranoia gets you nowhere. If you're trying to figure something out, believing what people say is fine until you get an indication that there is no reason to believe it.
In any case, he doesn't share enough for it to make sense. But what do we know?
1. There is a capacity
2. They can only keep an edge by improving their systems
A little bit of paranoia means: don't believe everything that is said. Check it critically and only believe it if you find proof that it might be right.
This attitude saved me in past from a lot of trouble and bad money.
Fair enough.