JACOB WOHL
Renaissance Technologies’ Medallion Fund is one of the great mysteries of the financial system. Their purported returns make even less sense than Madoff’s. Far less sense. No journalist has ever cracked the mystery. Or even come remotely close. Why not?…
“Medallion’s apparent trading skill would have turned a $100 investment in the fund at the start of 1988 into $398,723,873 by the end of 2018. “In 31 years, Medallion would have turned a $100 investment into a $400 million fortune,” Cornell writes.
By comparison, $100 invested in the stock market at the beginning of 1988 — using the Center for Research in Security Prices’ value-weighted index — would have grown to $1,910.”
https://www.institutionalinvestor.com/article/b1k2fymby99nj0/Famed-Medallion-Fund-Stretches-Explanation-to-the-Limit-Professor-Claims
By comparison, $100 invested in the stock market at the beginning of 1988 — using the Center for Research in Security Prices’ value-weighted index — would have grown to $1,910.”
https://www.institutionalinvestor.com/article/b1k2fymby99nj0/Famed-Medallion-Fund-Stretches-Explanation-to-the-Limit-Professor-Claims
Institutional Investor
Famed Medallion Fund “Stretches . . . Explanation to the Limit,” Professor Claims
In a paper, UCLA professor Bradford Cornell raises questions about how Renaissance Technologies’ flagship fund could produce 66 percent gross returns since inception. Others — including some who advised him on the paper — are less skeptical.
The commentators who tend to extol the capabilities of Russian forces, like Col. Douglas McGregor and Clint Ehrlich, seem to be no more accurate with their predictions than the extremely pro-Ukraine crowd.
Whey isolate protein power is now as expensive per pound as New York Strips from Whole Foods.
Alex Jones isn’t kidding when he talks about this phenomenon. Every time a flurry of headlines comes out about the left attacking me, my inbox is absolutely bombarded with women throwing themselves at me.
I know this probably sounds ridiculous, but it’s true.
I know this probably sounds ridiculous, but it’s true.
I’d love to keep doing The Jacob Wohl Show. I’ve just got so many things on my plate and can’t justify the time without having even a single mainstream tech platform to distribute on.
I hope you can understand.
I hope you can understand.
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A few weeks ago Jim Cramer LOVED Silicon Valley Bank at $320/share. Today, the market thought it was better off at $0.
Forwarded from DoomPosting
Contagion—
First Republic Bank
Silicon Valley Bank
Western Alliance Bancorporation
Signature Bank
PacWest Bancorp
First Republic Bank
Silicon Valley Bank
Western Alliance Bancorporation
Signature Bank
PacWest Bancorp