Think and grow rich

[Millionaire]

Hello Millionaire,

just to be sure I understand, Medallion is not running high frequency algos right?

Not from what i have read or heard. I heard they regularly hold overnight positions in Medallion.
Of course there stuff is very secret. And it could be a diversion to to mis direct the competition (ie. us )

Given Medallion sharpe ratio of only 2.2. The fact they have losing month and quarters. They do not quite have the holy grail. Only something very close to it.

 

[SimpleMeLike]

Not from what i have read or heard. I heard they regularly hold overnight positions in Medallion.
Of course there stuff is very secret. And it could be a diversion to to mis direct the competition (ie. us )

Given Medallion sharpe ratio of only 2.2. The fact they have losing month and quarters. They do not quite have the holy grail. Only something very close to it.

Hello Millionaire,

Great discussion. LOL, I agree. Their algo(s) may be the simplest on earth.

How can I see the performance of Medallion Fund please?

 

[Millionaire]

Hello Millionaire,

How can I see the performance of Medallion Fund please?

I only keep track of their yearly performance. I don't have access to monthly return data.

These are yearly after fee percentage returns. Increase each number by 50% to get rough idea of what performance was before fees.

2000 99
2001 33
2002 33
2003 27
2004 29
2005 33
2006 51
2007 86
2008 98
2009 47
2010 34
2011 37
2012 29
2013 47
2014 40
2015 36
2016 35
2017 52
2018 48
2019 39
2020 76

 

[SimpleMeLike]

I only keep track of their yearly performance. I don't have access to monthly return data.

These are yearly after fee percentage returns. Increase each number by 50% to get rough idea of what performance was before fees.

2000 99
2001 33
2002 33
2003 27
2004 29
2005 33
2006 51
2007 86
2008 98
2009 47
2010 34
2011 37
2012 29
2013 47
2014 40
2015 36
2016 35
2017 52
2018 48
2019 39
2020 76

Hello Millionaire,

Thank you so much for sharing
This is simply amazing.

They are strictly algo trading too.

 

[Brent Nicholson]

Having a right belief and a genuine purpose surely leads to success. There is a great “what you visualise you materialise” and I am a firm believer of this.

 

[newwurldmn]

Not from what i have read or heard. I heard they regularly hold overnight positions in Medallion.
Of course there stuff is very secret. And it could be a diversion to to mis direct the competition (ie. us )

Given Medallion sharpe ratio of only 2.2. The fact they have losing month and quarters. They do not quite have the holy grail. Only something very close to it.

im pretty sure renaissance doesn’t consider you competition, but rather considers you opportunity. (I use the royal “you”)

 

[easymon1]

Medallion Fund - https://www.dogpile.com/serp?q=Medallion+Fund

 

[nodoubts]

"Think And Grow Rich" is a book written by Napoleon Hill in 1937 about how to correctly change your mental framework about money. If you apply it to trading, the only reason traders lose money is emotion. If you take the emotion out of your trading, you can do well. The guy posting the falling safe probably never read it and hasn't made much trading, so he's venting.

Hill wrote this book after carefully studying how men of simple means created the great fortunes of our time, with particular attention paid to how Andrew Carnegie, who knew almost nothing about steel, became the wealthiest steel magnate in history.

The book became controversial, and the powers that be started to see his teachings as a threat, so after the first printing, a large chunk of the book was cut out by the publisher. Subsequent printings are all missing this section, so if you want to get the full benefit, it requires finding a copy printed in 1937-38, or you're missing the whole point.

If you're not into self-help, that's fine, but if you're a trader, I doubt anybody else is going to do it for you.

Happy Trading!

Hello MacBookProHo,

You are absolutely right.

This book does not work to grow rich.

You get rick by simply selling How to Make Money books and courses to people who desire to rich.

Learning to sell products is how you get rich. NOT work hard. Noone wants to work hard.

If you've ever tried selling products, especially books, it IS hard work. What Napoleon Hill's book shows you is how to work smart, along with working hard, not instead of it. It's how to get out of your own way.

 

[einnar_345]

Thinking alone will not help you succeed; you must also have good knowledge and confidence to make it happen.

 

[sebking1986]

"Think And Grow Rich" is a book written by Napoleon Hill in 1937 about how to correctly change your mental framework about money. If you apply it to trading, the only reason traders lose money is emotion. If you take the emotion out of your trading, you can do well. The guy posting the falling safe probably never read it and hasn't made much trading, so he's venting.

Hill wrote this book after carefully studying how men of simple means created the great fortunes of our time, with particular attention paid to how Andrew Carnegie, who knew almost nothing about steel, became the wealthiest steel magnate in history.

The book became controversial, and the powers that be started to see his teachings as a threat, so after the first printing, a large chunk of the book was cut out by the publisher. Subsequent printings are all missing this section, so if you want to get the full benefit, it requires finding a copy printed in 1937-38, or you're missing the whole point.

If you're not into self-help, that's fine, but if you're a trader, I doubt anybody else is going to do it for you.

Happy Trading!

If you've ever tried selling products, especially books, it IS hard work. What Napoleon Hill's book shows you is how to work smart, along with working hard, not instead of it. It's how to get out of your own way.

I agree, Hill was way ahead of his time in asking the pertinent questions of successful people in how they thought about money and success. Many asked what these people did to attain wealth but few thought to try and understand the mindset required.