Jump to content
Sign in to follow this  

Is this guy proof that market price is (at least sometimes) non-random?

Recommended Posts

For more than two decades, Simons' Renaissance Technologies' hedge funds, which trade in markets around the world, have employed mathematical models to analyze and execute trades, many automated. Renaissance uses computer-based models to predict price changes in financial instruments. These models are based on analyzing as much data as can be gathered, then looking for non-random movements to make predictions.

...

n 2006, Simons was named Financial Engineer of the Year by the International Association of Financial Engineers. In 2007, he was estimated to have personally earned $2.8 billion,[34] $1.7 billion in 2006,[35] $1.5 billion in 2005[36] (the largest compensation among hedge fund managers that year),[37] and $670 million in 2004.

https://en.wikipedia.org/wiki/Jim_Simons_(mathematician)

 

If you read on a bit, though, you'll see that his company has made billions from tax evasion ('creative accounting').  As a mathematician he is used to scribbling down garbage that makes sense to nobody else, so maybe that's the real source of his riches?

Share this post


Link to post

I see he came over to Scotland in 2013 to get his @rse licked for generous philanthropy lol.   That's when you avoid paying taxes, and spend money on your pet projects instead. 

Share this post


Link to post

Looks like he turned TA patterns into mathematical formulas?

 

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,742
    • Total Posts
      65,414
    • Total Members
      86,176
    Newest Member
    rpd2
    Joined 20/10/20 20:14
  • Posts

    • this probably should have been ignored, but IMHO it was a new low.  obviously jlz tried to help someone here, and referred to others to add emphasis to a point.  I'm writing this because I actually asked for support in my earlier response, and I'm very pleased I'm not the only one who reacted to this post thoughtfully, so I think it would be pretty weak if I didn't speak up here. That may make me look ridiculous, and like my tongue is now travelling through a bunch of cracks, but I don't give a **** (like I think you would not either).    I'm actually surprised that you @dmedin  left it to this statement - usually you're significantly more effective in warning people of the hazards we face as retail punters IMHO - I think you definitely had stronger moments. you know what I would find useful:  having a separate, focused thread for insults  - I'm sure by now the respective targets wouldn't mind (to not again say not give a ****), and other discussions could become - let's say "leaner". I genuinely think I got a lot of valuable insights from many of your posts here, and I highly appreciate the honest feedback, and I also believe you have good intentions. I don't know about any history between you, jlz, THT, and Caseynotes.  I further think you play an important role here in this forum and I look forward to more productive discussions with you. But the post quoted above was a new low.     
    • Wall Street holding up still 🤔  
    • I'd given up on Dax but here it comes!  
×
×