dcollon Posted September 16, 2015 Share Posted September 16, 2015 I apologize if this has already been posted, but I couldn't find it via search. Link to comment Share on other sites More sharing options...
Gardener Posted September 16, 2015 Share Posted September 16, 2015 I hadn't seen it yet, thanks for the share! Link to comment Share on other sites More sharing options...
Liberty Posted September 16, 2015 Share Posted September 16, 2015 Hour long interview: Short version: Link to comment Share on other sites More sharing options...
dcollon Posted September 16, 2015 Author Share Posted September 16, 2015 Thanks Liberty Link to comment Share on other sites More sharing options...
Pauly Posted September 16, 2015 Share Posted September 16, 2015 Really interesting guy, but there is zero I can learn about investing from him... Step 1: Be a math genius ...well I'm out. Link to comment Share on other sites More sharing options...
jobyts Posted September 17, 2015 Share Posted September 17, 2015 Interesting. I didn't know rich mathematicians exists!! ;D A joke I tell my math major friends: Q. What's the difference between a Math PHD and a medium size pizza? A. A medium size pizza can feed a family of four. Link to comment Share on other sites More sharing options...
Travis Wiedower Posted September 17, 2015 Share Posted September 17, 2015 Really interesting guy, but there is zero I can learn about investing from him... Step 1: Be a math genius ...well I'm out. A big part of investing is understanding how the world works and all the companies and players in it. Charlie Munger talks about this a lot with his mental models. It's important to spend time learning about a wide variety of people and businesses that may not have a direct impact on investment returns. Those things can help you understand one more small piece of the world which is ultimately a positive. And learning about extremely successful people can never hurt. Link to comment Share on other sites More sharing options...
Liberty Posted November 21, 2016 Share Posted November 21, 2016 Good feature article on the Medallion fund and Renaissance: http://www.bloomberg.com/news/articles/2016-11-21/how-renaissance-s-medallion-fund-became-finance-s-blackest-box Link to comment Share on other sites More sharing options...
dcollon Posted November 21, 2016 Author Share Posted November 21, 2016 Great article. Thanks Liberty Link to comment Share on other sites More sharing options...
merkhet Posted November 21, 2016 Share Posted November 21, 2016 Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on... Link to comment Share on other sites More sharing options...
hillfronter83 Posted November 21, 2016 Share Posted November 21, 2016 Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on... The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s. Link to comment Share on other sites More sharing options...
merkhet Posted November 21, 2016 Share Posted November 21, 2016 Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on... The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s. Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right? Link to comment Share on other sites More sharing options...
doughishere Posted November 21, 2016 Share Posted November 21, 2016 Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on... The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s. Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right? Like a derivative Inception? Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted November 21, 2016 Share Posted November 21, 2016 Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on... The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s. Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right? Like a derivative Inception? Lol - like using margin to purchase options. Leverage on Leverage. Link to comment Share on other sites More sharing options...
vox Posted November 21, 2016 Share Posted November 21, 2016 There was a Senate investigation into RenTech's use of options to avoid tax payments which found that leverage could go up to 17:1. http://dealbook.nytimes.com/2014/07/22/renaissance-hedge-fund-chief-defends-use-of-basket-options/?_php=true&_type=blogs&_r=0 Link to comment Share on other sites More sharing options...
Liberty Posted November 23, 2016 Share Posted November 23, 2016 More Simons : http://www.nytimes.com/2016/11/22/science/james-simonss-foundation-starts-new-institute-for-computing-big-data.html Link to comment Share on other sites More sharing options...
Jurgis Posted November 23, 2016 Share Posted November 23, 2016 More Simons : http://www.nytimes.com/2016/11/22/science/james-simonss-foundation-starts-new-institute-for-computing-big-data.html Might be interesting place to work for. :) Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now