Medallion isn’t magic…probably
Jim Simons recently participated in three interviews hosted by MIT, covering mathematics, finance, and philanthropy. These are rare and lengthy conversations with one of the industry’s most interesting and private people. As much as I enjoyed the talks, the finance portion reaffirmed my belief that Renaissance’s Medallion fund probably doesn’t owe its success to magic. No methods or technologies they employ would individually shock or awe, and I’d wager there’s no silver bullet or big secret to what they do. Believing this doesn’t diminish what Medallion has achieved, I don’t think, at all.