Think and grow rich

[Millionaire]

Being a "billion dollar hedge fund" means a billion AUM. Does it mean they profit a billion dollars a year? No. People like to throw out that stupid phrase often.

As if "billions" means a fucking thing. What is the RETURN on the billions? 10 percent? 1 percent? -50 percent?

It is all relative.

A quant fund like Jim Simon's Rentec Medallion is averaging about 66% before fees on $10 billion AUM. So averaging $6.6 Billion profits every year.

They are the best in the business. Not many can come close.

 

[SimpleMeLike]

Do you subscribe to the the idea that only backtesting makes money? Seriously, WTF dude, why are you arguing for backtesting?

Hello Overnight,

 

[SimpleMeLike]

A quant fund like Jim Simon's Rentec Medallion is averaging about 66% before fees on $10 billion AUM. So averaging $6.6 Billion profits every year.

They are the best in the business. Not many can come close.

All algos too

 

[SimpleMeLike]

Being a "billion dollar hedge fund" means a billion AUM. Does it mean they profit a billion dollars a year? No. People like to throw out that stupid phrase often.

As if "billions" means a fucking thing. What is the RETURN on the billions? 10 percent? 1 percent? -50 percent?

It is all relative.

Hello Overnight,

Their algos returned 66% return per year for 30 years buddy.

I guess they just skipped back test, and went straight to forward testing, right? They just hope for the best, right?

 

[SimpleMeLike]

A quant fund like Jim Simon's Rentec Medallion is averaging about 66% before fees on $10 billion AUM. So averaging $6.6 Billion profits every year.

They are the best in the business. Not many can come close.

Hello Millionaire,

Our buddy @Overnight says back testing is useless. Perhaps Jim Simmon and crew thinks the same with their algos. LOL

 

[SimpleMeLike]

Overnight is right.
For you algo traders.....all your decades of backtests and forward tests are completely random bits of data.
You may think you are making a difference and have a certain edge, But in the end....it's all Just One Lucky Crapshoot Game of trying to be slightly profitable in the end.

Hello MacBookProHo,

Watch this video, get some lotion, slow stroke it, and SIT YOUR GOT DAMN ASS DOWN and get some sleep. Cause you need some sleep

[/QUOTE]

 

[MacBookProHo]

Perhaps Jim Simmon and crew thinks the same with their algos. LOL

You ain't no James Simmons, or a Medallion fund.
If you think you will magically create an algo trading system that trades both long and short a thousand times a day to capture option variations and imbalances and what not....you have another thing coming.

His fund makes like a .03% return every day on average. Not crazy amazing, but growth and compounded, it's good.

 

[SimpleMeLike]

Do you subscribe to the the idea that only backtesting makes money? Seriously, WTF dude, why are you arguing for backtesting?

Hello Overnight,

Watch this video below, get some lotion, slow stroke it, and SIT YOUR GOT DAMN ASS DOWN and get some sleep. Cause you need some sleep talking crazy tonight.

Watch it 2 times if you need too

 

[Millionaire]

His fund makes like a .03% return every day on average. Not crazy amazing, but growth and compounded, it's good.

They have losing months and quarters in the Medallion fund. They lose money in 20% of months.

Sharpe ratio for Medallion is around 2.2, it is not a high frequency fund that makes money almost every day with a double digit Sharpe.

1 in 5 losing months is better than what i can do with my algos. My algos lose money 1 in 3 months.

 

[SimpleMeLike]

They have losing months and quarters in the Medallion fund. They lose money in 20% of months.

Sharpe ratio for Medallion is around 2.2, it is not a high frequency fund that makes money almost every day with a double digit Sharpe.

1 in 5 losing months is better than what i can do with my algos. My algos lose money 1 in 3 months.

Hello Millionaire,

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