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?
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.
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.
im pretty sure renaissance doesn’t consider you competition, but rather considers you opportunity. (I use the royal “you”)
"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.
Thinking alone will not help you succeed; you must also have good knowledge and confidence to make it happen.
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.