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What I Learned In 2020 - John Hempton
The Joe Walker Podcast
The Greatest Mathematician in the World
$1 invested in Renaissance Technologies when it started is now worth about $400 million. It's by far the greatest return money machine ever invented on Wall Street and it's a black box. Jim Simons was at this dinner with three German mathematicians, all of whom won Veblen medals for Geometry. He seems to be able to work out with his black box where tops in individual stocks are or where directions of individual stocks will be. And I look at this idiotic, massive human behavior and I decide to short too early and I lose money. So you asked me, can I predict the top and the answer is no. But there are indications of just bloody-minded stupidity
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