A failing $21 billion empire

renaissance technologies is a failing trading company that sits on perhaps a few billion dollars of capital.

they claim to be worth $21 billion, but i find that to be questionable.

in listening to their videos, it is obvious to me that they dont really have much in the strategy department.

when they speak of a “mean reversion strategy” in the video, this can be accomplished in different ways.

mean reversion can be done with a moving average, which i hope is not what they are doing.

when they speak of pattern analysis, i am dead sure that they are struggling and that they have no strategy.

i have said it a hundred times that the most important thing that a trading systems engineer can do is to calculate the TARGET which is what they are calling the “MEAN” when they say mean reversion.

how do they calculate the mean?(TARGET PRICE)

^^this is the sixty four million dollar question and always has been.

i rest.
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if i had a proper and competent team, i could perhaps engage mister simons into a nice conversation.
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