consider the founding of Amazon.com in 1994. One could infer at the time from Bezos’ previous employment, an article in his high school newspaper, and reports from his ex-girlfriend that he planned for Amazon to take over all of e-commerce to net enough money to start a space tech company.
I’d be interested to read more about that.
the Medallion Fund managed by Renaissance Technology has returned an average of 40% annually since its inception, including a 100% return in 2008, making it by far the best-performing hedge fund in history and netting its investors tens of billions of dollars.
How confident are we that this isn’t luck or fraud? This isn’t an accusation, just—I feel like intellectual dark matter is exactly what we’d expect fraud to look like.
From a quick glance at wikipedia, it seems the fund is 20 years old, which I guess mostly rules out luck; and “is available only to current and past employees and their families”, which I guess mostly rules out fraud.
I’d be interested to read more about that.
How confident are we that this isn’t luck or fraud? This isn’t an accusation, just—I feel like intellectual dark matter is exactly what we’d expect fraud to look like.
From a quick glance at wikipedia, it seems the fund is 20 years old, which I guess mostly rules out luck; and “is available only to current and past employees and their families”, which I guess mostly rules out fraud.