Jim Simons Team were closest thing to Superintelligence

[inversions]

nigga tagged half the forum

 

[Jason Voorhees]

nigga tagged half the forum

High effort thread

 

[Acquiescence]

Every day I’m reminded that there are gods living amongst us mere low IQ wagie mortals

 

[Seth Walsh]

Jim Simons and his Renaissance team weren’t financial geniuses. they were the closest thing humanity has ever built to a superintelligence, and they used it to extract $100 billion from the market

View attachment 4358346

View attachment 4358331

View attachment 4358330

Here's what made him insane. Jim Simons. A born genuis. MIT at 20,PhD in geometry by 23 cracking Soviet codes at the NSA's Institute for Defense. Co-invented the Chern-Simons form, a math breakthrough that underpins string theory and quantum physics But by the '70s, he was bored of academia and gets fired for anti-Vietnam rants and pivoted into finance and burned Wall Street to the ground using pure mathematics..

View attachment 4358340
View attachment 4358332

He created a secretive hive of mathematicians, physicists, top wealth managers and ex-codebreakers turned the market into a solved physics problem. He didn't hire finance bros. Only extremely smart scientists.
Some of the biggest smartest minds in the world. Professors, Scientists and math genuises.

View attachment 4358410

Robert Mercer-PhD in computer science, early pioneer of statistical language modeling at IBM

View attachment 4358311

James Ax - solved problems in logic and number theory that most mathematicians consider unsolvable


Henry Laufer-Mathematician who worked on complex analysis; he built the mathematical backbone of Renaissance.

View attachment 4358314

Ashvin Chhabra: Former head of wealth management at Merrill Lynch and Worked with Renaissance as an advisor/ allocator and pioneered the quant techniques

View attachment 4358317

And many more people whose names never got disclosed, while everyone else was still dancing around S&P 500 with 7% returns. Medallion fund had 66% annualized returns for three decades.
Total compounded gain of >100,000%
And with zero drawdowns.

$1 invested in 1988 would be worth more than $20 million today while the same dollar in the S&P 500 would be worth about $25.

It is the single greatest money-making machine in recorded history. Statistically this should not exist. Even with insider trading it is impossible. This is nothing less than miracle.

Competitors genuinely thought they were cheating, using time travel. There were people who legit thought they were communing with demon or using black magic to do this. Everyone whispered, no one knew. No one still knows and all of it was behind a wall of lifelong NDAs and a fund closed to outsiders since 1999. You never had a chance.

View attachment 4358333

The blackpill isn’t that they won it’s that they proved the game is deterministic problem fully solvable then hoarded the solution. The algorithm is still a mystery. Only thing we do know is they used mean reversion, statistical arbitrage and machine learning before it was cool but still No open-source alpha, no trickle down edge, just tax loopholes, political bribes on both sides, and a quiet retirement for the king while his black box keeps printing money even now in 2025. That is real blackpill.The market isn't random.It only feels that way to the rest of us mortals

Never spoke on RenTech before. But wtf do these nigga know that no one else does?

In the real world today, Jane, Jump, XTX, DRW are top of the hierarchy.

But I always wonder was Simons was doing?

Was he running latency games back before the first HFT?

Was he running the most sophisticated CTA strategies in his first years?

Was he doing human/machine futures/spot arb with fucking alien technology back when futures traders jestered in the Chicago pit in the 90s?


I always think Renaissance is either a ponzi, a hoax or they most run an omnistrat business built on the most secret information(s) to ever exist.

It has to be the latter. They don't accept outside money. No one knows what they're doing.

I am baffled. They can only scale to capacity before edge deteriorates. Are they really the #1 in damn near every single money making regime imaginable when it comes to trading?

If so, that's just so badass.

 

[Seth Walsh]

Never spoke on RenTech before. But wtf do these nigga know that no one else does?

In the real world today, Jane, Jump, XTX, DRW are top of the hierarchy.

But I always wonder was Simons was doing?

Was he running latency games back before the first HFT?

Was he running the most sophisticated CTA strategies in his first years?

Was he doing human/machine futures/spot arb with fucking alien technology back when futures traders jestered in the Chicago pit in the 90s?


I always think Renaissance is either a ponzi, a hoax or they most run an omnistrat business built on the most secret information(s) to ever exist.

It has to be the latter. They don't accept outside money. No one knows what they're doing.

I am baffled. They can only scale to capacity before edge deteriorates. Are they really the #1 in damn near every single money making regime imaginable when it comes to trading?

If so, that's just so badass.

$100 in Medallion in 1998 → ~$2.1M by 2018

AFTER FEES.