Hi David, My reading of the book is that it's not just about Medallion (although its most popular chapter is no doubt Appendix 1, which tabulates Medallion's returns). And I agree - it is possible that those returns underline the point. In fact, the research I link to in Note [1] addresses this very issue.
Hi David, My reading of the book is that it's not just about Medallion (although its most popular chapter is no doubt Appendix 1, which tabulates Medallion's returns). And I agree - it is possible that those returns underline the point. In fact, the research I link to in Note [1] addresses this very issue.
Marc, definitely not trying to detract from your excellent post. The funds that are down this year have been down before. Their historic returns have been good, but not gravity defying like Medallion, which is the size-limited fund that actually puts into practice Simon’s’”market solving.”
Hi David, My reading of the book is that it's not just about Medallion (although its most popular chapter is no doubt Appendix 1, which tabulates Medallion's returns). And I agree - it is possible that those returns underline the point. In fact, the research I link to in Note [1] addresses this very issue.
Marc, definitely not trying to detract from your excellent post. The funds that are down this year have been down before. Their historic returns have been good, but not gravity defying like Medallion, which is the size-limited fund that actually puts into practice Simon’s’”market solving.”