Renaissance Technologies CEO says Investing is ‘Giant Problem in Math’

[MarkBrown]

my opinion: i knew of simons before ren - i flew out and met him and his students to see what they were working on at the request of the hedge fund i worked for when i was a systems developer.

sadly i had to report back they were working on predicting the next session open based on the last sessions close. i will leave out all my personal feelings here and just say this. by our power of discernment as we latter received ren's proposal to invest with them.

just the names and the figures on their board along with the prof's history of association with government entities screamed out gov backed money laundering operation.

when i read the article above sadly i see a huge farce of an operation.

to me it would be like if jaun valdez and his mule were to win the indy 500 each year for decades. it would make that much sense. use your own brain and discern rather than swallow something whole line and sinker.

 

[Overnight]

...

to me it would be like if jaun valdez and his mule were to win the indy 500 each year for decades...

Logically he should win the LeMans every year because he has an unlimited amount of caffeine on his mule to keep him going while others have to rest.

 

[Monobrowtrading]

my opinion: i knew of simons before ren - i flew out and met him and his students to see what they were working on at the request of the hedge fund i worked for when i was a systems developer.

sadly i had to report back they were working on predicting the next session open based on the last sessions close. i will leave out all my personal feelings here and just say this. by our power of discernment as we latter received ren's proposal to invest with them.

just the names and the figures on their board along with the prof's history of association with government entities screamed out gov backed money laundering operation.

when i read the article above sadly i see a huge farce of an operation.

to me it would be like if jaun valdez and his mule were to win the indy 500 each year for decades. it would make that much sense. use your own brain and discern rather than swallow something whole line and sinker.

The only system you developed was how to clean Rentec’s toilets on your hands and knees. GFY!

 

[destriero]

The only system you developed was how to clean Rentec’s toilets on your hands and knees. GFY!

Can you read his BS without laughing?

 

[ironchef]

Are those equations he pointed at on the board his Markov secret source?

 

[Monobrowtrading]

Can you read his BS without laughing?

This place is polluted with these idiots. It’s endless.

 

[SimpleMeLike]

There are any number of ways of looking at the same thing. A mathematician will see it as a math issue. If one is analyzing hundreds if not thousands of issues, it would be hard to argue it's not the most efficient way given robust modeling.

Good Morning speedo,

You are very good at wording when it comes to trading.

I think us humans are better traders then robots.

 

[engineering]

It's going to be interesting to watch some large institutions get cleaned out by people who tweak their issues to look good to algorithms.

I find myself more interested in the opinions of old school investigators who will pay someone to go find out that business xyz has cobwebs growing across their loading dock.

 

[speedo]

It's going to be interesting to watch some large institutions get cleaned out by people who tweak their issues to look good to algorithms.

I find myself more interested in the opinions of old school investigators who will pay someone to go find out that business xyz has cobwebs growing across their loading dock.

Certainly nothing wrong with that kind of anecdotal stuff...Peter Lynch would approve but what Simons and his high octane gray matter staff of scientists and mathematicians found after crunching endless streams of data was that asset prices exhibit repeatable, recurring patterns. We traders know this from study of charts and the work of predecessor chartists. Nothing always "works" but all any of us can have from 800 pound gorillas like Renaissance to Johnny One Lot is an edge and the skills and disciplines to profit from it.