Ep56: The Medallion Fund vs Market Efficiency

06/03/2024 12 min Temporada 1 Episodio 56

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Episode Synopsis

Professor and Nobel Prize winner Eugene Fama put forth the efficient market hypothesis and based on that concept Warren Buffet suggested that holding a passive investment in the S&P 500 was the best advice for most investors. If the market were efficient and if passive investing was best for everyone, how can that be reconciled with the performance of Jim Simons' Renaissance Technologies Medallion fund.