A former CIA math genius built a quantitative trading fund that earned more than $100 BILLION for investors.
At 66% return/yr, his track record destroys that of Warren Buffet, George Soros, Carl Icahn, and every investor who ever lived.
The Smartest Billionaire in Finance:
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If you'd have put $100 into Jim Simons' Medallion Fund in 1988, it would be $400M+ today.
By contrast,
$100 in the S&P 500 in 1988, would be $2,000 in 2022. (roughly)
Let that sink in.
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Jim Simons's Medallion fund has had unreasonably high annual returns of 66% across 30 years.
For comparison, Buffet clocked in at about 20%/yr.
Many funds don't make that in a lifetime.
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Even during the financial crisis of 2008, it made a net return of 82.38%.
They make so much money for their investors that they charge 44% in management fees.
The industry standard is 20%.
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It uses math calculations to decide the bulk of its trades, & none of the market trends apply to how it performs.
It wins by finding order in chaos.
The fund is managed by Renaissance Technologies, the parent company founded by the mathematical genius Jim Simons.