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A codebreaker made $31 billion. he returned 66% a year for thirty years. Buffett averaged 20%. Soros averaged 30%. nobody came close. he gave one lecture about it at MIT. Wall Street has spent forty years trying to reverse-engineer what he said. he didn't hire traders. not one MBA.... not one analyst. he hired physicists, astronomers, and Cold War cryptographers. he ran the fund from a strip mall on Long Island. his name is Jim Simons. the Medallion Fund made more money than Goldman Sachs most years. he never explained how. the part nobody talks about: the same pattern recognition he used to crack Soviet codes for the NSA is what he used to crack financial markets. he said it in this lecture. nobody in finance picked it up. a quant at a multi-billion dollar fund told me they play this for every new hire on day one. not a textbook. not a model. a 45-minute talk from a man who beat Buffett, Soros, Dalio, and every hedge fund alive. $31 billion. one formula. zero finance people. Goldman, JPMorgan, Citadel, Bridgewater. he beat all of them. from a strip mall. the lecture is free. he died the following year. it is in the video.show more

Tigerflow

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A mathematician made $100 billion from the stock market, without a trader from Wall Street Jim Simons broke codes for the NSA during the Cold War, finding patterns in encrypted messages In 1978 he quit, opened a fund out of a strip mall on Long Island Hired mathematicians, physicists, linguists, not a single MBA The fund won 50.75% of its trades, barely better than a coin flip But it made 150,000 trades a day, every day, for 30 years 66% annual returns, $100 billion in total profits, Buffett averaged 20% - Simons tripled him // In 2008 when every fund on the planet was bleeding out, Medallion went up 152% One rule held the whole thing together: never override the computer Zuckerman, the journalist who wrote the book on him: "No one in the investment world comes close" Bookmark & Watch the full Veritasium breakdown below explains how one equation built the most profitable fund in history ↓

A mathematician made $100 billion from the stock market, without a trader from Wall Street Jim Simons broke codes for the NSA during the Cold War, finding patterns in encrypted messages In 1978 he quit, opened a fund out of a strip mall on Long Island Hired mathematicians, physicists, linguists, not a single MBA The fund won 50.75% of its trades, barely better than a coin flip But it made 150,000 trades a day, every day, for 30 years 66% annual returns, $100 billion in total profits, Buffett averaged 20% - Simons tripled him // In 2008 when every fund on the planet was bleeding out, Medallion went up 152% One rule held the whole thing together: never override the computer Zuckerman, the journalist who wrote the book on him: "No one in the investment world comes close" Bookmark & Watch the full Veritasium breakdown below explains how one equation built the most profitable fund in history ↓

Сarm1ne

19,111 Aufrufe • vor 3 Monaten

A hedge fund returned 50% a year for ten years straight. In 2005 the man who ran it sat on a desk at Columbia and taught the entire method to 30 students for free. No bank, no fund, no business school has ever promoted the recording. His name is Joel Greenblatt. He ran Gotham Capital from 1985 to 1994. Almost nobody sustains 50% annually for a single year. He did it for ten. Then in 1995 he returned all outside capital, kept running his own money, and walked into a classroom. The first lecture is about corners of the market where the usual buyers are structurally forced to sell regardless of price. Spinoffs, restructurings, situations where an index fund must dump a stock the day it leaves the index. He does not teach a screener or a formula. He teaches why these corners exist at all, and why they keep existing after everybody knows about them. The uncomfortable part is what he says about diversification. He held very few positions. It runs directly against everything the business school teaches two floors down. Columbia charges $80K a year in tuition. The man upstairs gave away the method for free. Every screener is free now. Every filing is searchable. The constraint was never information. It was knowing which information to ignore. Filmed from the back row, audio uneven, students blocking the frame. He gave away 50% a year to a room of 30 people. Almost nobody traded on it. One classroom. One camera. The full lecture is free. It is in the video.

A hedge fund returned 50% a year for ten years straight. In 2005 the man who ran it sat on a desk at Columbia and taught the entire method to 30 students for free. No bank, no fund, no business school has ever promoted the recording. His name is Joel Greenblatt. He ran Gotham Capital from 1985 to 1994. Almost nobody sustains 50% annually for a single year. He did it for ten. Then in 1995 he returned all outside capital, kept running his own money, and walked into a classroom. The first lecture is about corners of the market where the usual buyers are structurally forced to sell regardless of price. Spinoffs, restructurings, situations where an index fund must dump a stock the day it leaves the index. He does not teach a screener or a formula. He teaches why these corners exist at all, and why they keep existing after everybody knows about them. The uncomfortable part is what he says about diversification. He held very few positions. It runs directly against everything the business school teaches two floors down. Columbia charges $80K a year in tuition. The man upstairs gave away the method for free. Every screener is free now. Every filing is searchable. The constraint was never information. It was knowing which information to ignore. Filmed from the back row, audio uneven, students blocking the frame. He gave away 50% a year to a room of 30 people. Almost nobody traded on it. One classroom. One camera. The full lecture is free. It is in the video.

Tigerflow

1,303,296 Aufrufe • vor 6 Tagen

Jim Simons made 66% a year for thirty years. Nobody has come close. Not Buffett. Not Soros. Not Druckenmiller. Every quant fund since has tried to reverse-engineer what Renaissance actually does. They keep landing on the same wrong answer: "More data. More compute. More simulations." Last November, a mathematician from Stanford gave a lecture that explains why they'll never catch up. His name is Persi Diaconis. He's the world's authority on when a simulation is telling you the truth and when it's telling you a story. His conclusion after forty years of research: most of the simulations Wall Street runs today are giving persistently wrong results, and no amount of GPU will fix it. The answer isn't more compute. The answer is proof. Simons required a proof before deploying a strategy. That's the part nobody copied. That's the part they can't. Lecture below. Under an hour. The most important hour you'll spend on markets this year.

Jim Simons made 66% a year for thirty years. Nobody has come close. Not Buffett. Not Soros. Not Druckenmiller. Every quant fund since has tried to reverse-engineer what Renaissance actually does. They keep landing on the same wrong answer: "More data. More compute. More simulations." Last November, a mathematician from Stanford gave a lecture that explains why they'll never catch up. His name is Persi Diaconis. He's the world's authority on when a simulation is telling you the truth and when it's telling you a story. His conclusion after forty years of research: most of the simulations Wall Street runs today are giving persistently wrong results, and no amount of GPU will fix it. The answer isn't more compute. The answer is proof. Simons required a proof before deploying a strategy. That's the part nobody copied. That's the part they can't. Lecture below. Under an hour. The most important hour you'll spend on markets this year.

kairos

92,698 Aufrufe • vor 23 Tagen

.Rep. Jamie Raskin: "“This is not his first slush fund. The Board of Peace is nothing but a global slush fund for Donald Trump. He took $1.5 billion from the State Department. That was money that was set aside for disaster relief around the world. He gave it to the Board of Peace. He took a billion from the Saudis. He took a billion from the UAE, took a billion from the Qataris.”

.Rep. Jamie Raskin: "“This is not his first slush fund. The Board of Peace is nothing but a global slush fund for Donald Trump. He took $1.5 billion from the State Department. That was money that was set aside for disaster relief around the world. He gave it to the Board of Peace. He took a billion from the Saudis. He took a billion from the UAE, took a billion from the Qataris.”

BTC Clips

82,395 Aufrufe • vor 2 Monaten

Jim Simons, founder of Renaissance Technologies, MIT lecture, now the record he cannot break: 66% annual returns for thirty years: "We do not hire anyone with the slightest whiff of Wall Street background. So we don't hire people from Goldman or Morgan." Read who the greatest fund on record was hiring instead. Physicists. Mathematicians. Statisticians. Computer scientists. PhDs. The people who ran the two most valuable trading books in history explicitly refused the finance track. The people you thought were the gatekeepers, he treated as disqualifying. Every student aiming at quant should read that line twice. The door is not through Wall Street. The door is around it.

Jim Simons, founder of Renaissance Technologies, MIT lecture, now the record he cannot break: 66% annual returns for thirty years: "We do not hire anyone with the slightest whiff of Wall Street background. So we don't hire people from Goldman or Morgan." Read who the greatest fund on record was hiring instead. Physicists. Mathematicians. Statisticians. Computer scientists. PhDs. The people who ran the two most valuable trading books in history explicitly refused the finance track. The people you thought were the gatekeepers, he treated as disqualifying. Every student aiming at quant should read that line twice. The door is not through Wall Street. The door is around it.

zostaff

10,550 Aufrufe • vor 21 Tagen

CEO of a trillion-dollar company sat in a Stanford classroom in 2011 and explained exactly how he built it. No PR team, no prepared remarks, no investors in the room. No business school has ever added the recording to a syllabus. His name is Jensen Huang. He co-founded NVIDIA in 1993 with $40,000. By 2011 the company was worth $9 billion. Today it is worth over $3 trillion. He walked into the Stanford ASES Summit and gave away the entire playbook to a room of fifty students for free. The lecture is about when to bet everything on one technology before the market knows it exists. He did it with GPUs. Then with CUDA. Then with AI infrastructure. Three bets, same logic, same company, three different industries. The uncomfortable part is what he says about risk. He almost went bankrupt twice. What he did both times is the opposite of what every MBA program teaches. Business schools charge $200K in tuition to teach frameworks he rejected before his company was worth a billion. Every founder podcast repeats the same five lessons. Almost none of them mention what Huang actually did when the company was ninety days from dying. That part is in the lecture. It has been free for fifteen years. Filmed by a student with a handheld camera. Audio cuts in and out. He gave away the playbook of the most valuable company on Earth to fifty people. Almost nobody watched it. One classroom. One camera. The full lecture is free. It is in the video.

CEO of a trillion-dollar company sat in a Stanford classroom in 2011 and explained exactly how he built it. No PR team, no prepared remarks, no investors in the room. No business school has ever added the recording to a syllabus. His name is Jensen Huang. He co-founded NVIDIA in 1993 with $40,000. By 2011 the company was worth $9 billion. Today it is worth over $3 trillion. He walked into the Stanford ASES Summit and gave away the entire playbook to a room of fifty students for free. The lecture is about when to bet everything on one technology before the market knows it exists. He did it with GPUs. Then with CUDA. Then with AI infrastructure. Three bets, same logic, same company, three different industries. The uncomfortable part is what he says about risk. He almost went bankrupt twice. What he did both times is the opposite of what every MBA program teaches. Business schools charge $200K in tuition to teach frameworks he rejected before his company was worth a billion. Every founder podcast repeats the same five lessons. Almost none of them mention what Huang actually did when the company was ninety days from dying. That part is in the lecture. It has been free for fifteen years. Filmed by a student with a handheld camera. Audio cuts in and out. He gave away the playbook of the most valuable company on Earth to fifty people. Almost nobody watched it. One classroom. One camera. The full lecture is free. It is in the video.

Tigerflow

70,947 Aufrufe • vor 4 Tagen

He broke the Bank of England, made $1 billion in a single day, ran a $12 billion fund for 30 years, and never had one losing year this is him sitting down with Bloomberg to explain why he just put most of his portfolio into one AI stock and why a guy who shorted entire currencies just put most of his portfolio into one AI stock bookmark & watch it today ↓

He broke the Bank of England, made $1 billion in a single day, ran a $12 billion fund for 30 years, and never had one losing year this is him sitting down with Bloomberg to explain why he just put most of his portfolio into one AI stock and why a guy who shorted entire currencies just put most of his portfolio into one AI stock bookmark & watch it today ↓

slash1s

225,314 Aufrufe • vor 2 Monaten

In 1988, Jim Simons flew to Berkeley to beg a math professor to fix his hedge fund. The professor had never traded a stock. He had spent his career on coding theory and mathematical board games. He agreed to help on the condition he could leave when he wanted. He delivered 55 percent net in his full year running it. Then he handed the whole thing back and went home to teach undergraduates. His name was Elwyn Berlekamp. He is one of two people who ever ran what would become the most profitable trading operation in history. Simons was the other one. MIT math PhD, 1964. Berlekamp wrote foundational papers in coding theory that still run every CD, DVD, satellite link, and QR code on Earth. The Berlekamp-Massey algorithm, published 1968, is why every scratched CD you owned still played through to the end. He also co-wrote "Winning Ways for Your Mathematical Plays" with John Conway and Richard Guy. Four volumes. It became the foundational text of combinatorial game theory. Berlekamp thought about board games the way most mathematicians think about theorems. He proved endgame results in Go that professional masters had assumed were unprovable. His 1994 book "Mathematical Go" reduced the last moves of a Go game to a formula. Top-ranked professionals started studying it. Simons had a problem in the late 1980s. His trading partnership was falling apart. The fund was losing money. He flew west to see the game theorist. Berlekamp bought a controlling stake, cut what was not working, and rebuilt the trading logic from combinatorial game theory principles. The fund returned 55 percent net after fees in his full year running it. In December 1990, Berlekamp sold his stake back to Simons and walked out. He wanted to go back to Berkeley. In interviews he said the same thing many times, in different words: Berkeley was where he belonged. Simons kept building on the system Berlekamp rebuilt. It became the Medallion Fund. Over the next 30 years, Medallion compounded at roughly 66 percent gross per year. It is the most profitable trading strategy in the history of finance. Berlekamp took his cut in 1990 and never went back. He spent the rest of his life at UC Berkeley. He gave a lecture called "Mathematics and Go" that is on YouTube. He died in 2019, aged 78. The paradox is not that Berlekamp made a fortune. It is that he had the door to the biggest fortune in trading history held open for him and walked out. The math was fun. The billions were not.

In 1988, Jim Simons flew to Berkeley to beg a math professor to fix his hedge fund. The professor had never traded a stock. He had spent his career on coding theory and mathematical board games. He agreed to help on the condition he could leave when he wanted. He delivered 55 percent net in his full year running it. Then he handed the whole thing back and went home to teach undergraduates. His name was Elwyn Berlekamp. He is one of two people who ever ran what would become the most profitable trading operation in history. Simons was the other one. MIT math PhD, 1964. Berlekamp wrote foundational papers in coding theory that still run every CD, DVD, satellite link, and QR code on Earth. The Berlekamp-Massey algorithm, published 1968, is why every scratched CD you owned still played through to the end. He also co-wrote "Winning Ways for Your Mathematical Plays" with John Conway and Richard Guy. Four volumes. It became the foundational text of combinatorial game theory. Berlekamp thought about board games the way most mathematicians think about theorems. He proved endgame results in Go that professional masters had assumed were unprovable. His 1994 book "Mathematical Go" reduced the last moves of a Go game to a formula. Top-ranked professionals started studying it. Simons had a problem in the late 1980s. His trading partnership was falling apart. The fund was losing money. He flew west to see the game theorist. Berlekamp bought a controlling stake, cut what was not working, and rebuilt the trading logic from combinatorial game theory principles. The fund returned 55 percent net after fees in his full year running it. In December 1990, Berlekamp sold his stake back to Simons and walked out. He wanted to go back to Berkeley. In interviews he said the same thing many times, in different words: Berkeley was where he belonged. Simons kept building on the system Berlekamp rebuilt. It became the Medallion Fund. Over the next 30 years, Medallion compounded at roughly 66 percent gross per year. It is the most profitable trading strategy in the history of finance. Berlekamp took his cut in 1990 and never went back. He spent the rest of his life at UC Berkeley. He gave a lecture called "Mathematics and Go" that is on YouTube. He died in 2019, aged 78. The paradox is not that Berlekamp made a fortune. It is that he had the door to the biggest fortune in trading history held open for him and walked out. The math was fun. The billions were not.

Veles

72,810 Aufrufe • vor 21 Tagen

Paul Tudor Jones predicted the 1987 crash and made $100 million shorting Black Monday. He is 71 years old and still trading. He just gave a new interview where he names the two things that will trigger the next 1987-scale event. Most traders are watching neither. Tudor Investment Corp, the fund he founded in 1980, has compounded at roughly 19 percent a year for 45 years. He is one of the four or five people alive who have done that continuously. The interview is with Patrick O'Shaughnessy. Jones's two warnings: One, the U.S. debt bubble. The government is running fiscal deficits at a pace historically reserved for wartime. He has seen bubbles before. He has never seen a debt structure that could not be reversed by a rate cut. This one, he says, is not reversible without pain that voters will not accept. It ends the same way every debt bubble in history has ended. Not this year. Not next. But it ends. Two, unregulated AI. He has been early on every major macro move for 45 years, and he says he has never been more concerned about a single technology in his career. He is not worried about AI taking jobs. He is worried about AI making mistakes at speeds no human can supervise. He has publicly called for regulation because he believes the alternative is a market event that makes 1987 look modest. His trading rule has not changed in five decades: "The most important rule of trading is to play great defense, not great offense." He does not try to be right. He tries not to lose. He sets stops tight. He cuts positions fast. He never averages down on a loser. His return record is not built on being clever. It is built on refusing to be dead. He also spent much of the interview talking about the Robin Hood Foundation, which he co-founded in 1988 to reduce poverty in New York. His advice for the next generation was to find significance outside of money. The last words of the interview are: kill them with kindness. A man who has shorted markets for 45 years ends every conversation with an argument for kindness. That contrast is the whole post. Greatness in markets is not a talent. It is a refusal. Refusal to be reckless. Refusal to be certain. Refusal to be indifferent. Tudor Jones has refused all three for half a century. The interview is free. The warnings are specific. Most people will scroll past both

Paul Tudor Jones predicted the 1987 crash and made $100 million shorting Black Monday. He is 71 years old and still trading. He just gave a new interview where he names the two things that will trigger the next 1987-scale event. Most traders are watching neither. Tudor Investment Corp, the fund he founded in 1980, has compounded at roughly 19 percent a year for 45 years. He is one of the four or five people alive who have done that continuously. The interview is with Patrick O'Shaughnessy. Jones's two warnings: One, the U.S. debt bubble. The government is running fiscal deficits at a pace historically reserved for wartime. He has seen bubbles before. He has never seen a debt structure that could not be reversed by a rate cut. This one, he says, is not reversible without pain that voters will not accept. It ends the same way every debt bubble in history has ended. Not this year. Not next. But it ends. Two, unregulated AI. He has been early on every major macro move for 45 years, and he says he has never been more concerned about a single technology in his career. He is not worried about AI taking jobs. He is worried about AI making mistakes at speeds no human can supervise. He has publicly called for regulation because he believes the alternative is a market event that makes 1987 look modest. His trading rule has not changed in five decades: "The most important rule of trading is to play great defense, not great offense." He does not try to be right. He tries not to lose. He sets stops tight. He cuts positions fast. He never averages down on a loser. His return record is not built on being clever. It is built on refusing to be dead. He also spent much of the interview talking about the Robin Hood Foundation, which he co-founded in 1988 to reduce poverty in New York. His advice for the next generation was to find significance outside of money. The last words of the interview are: kill them with kindness. A man who has shorted markets for 45 years ends every conversation with an argument for kindness. That contrast is the whole post. Greatness in markets is not a talent. It is a refusal. Refusal to be reckless. Refusal to be certain. Refusal to be indifferent. Tudor Jones has refused all three for half a century. The interview is free. The warnings are specific. Most people will scroll past both

Veles

90,941 Aufrufe • vor 25 Tagen

Goldman Sachs rejected him for partner, he quit, started with $3 million, and built a fund that made $7 billion in a single year then he bought his former boss's $43.5 million beach house - and demolished it. Built one twice the size in its place Bookmark & Watch it. Then read the post below - a hedge fund manager called a $5 billion company "the best managed pyramid scheme in history" ↓

Goldman Sachs rejected him for partner, he quit, started with $3 million, and built a fund that made $7 billion in a single year then he bought his former boss's $43.5 million beach house - and demolished it. Built one twice the size in its place Bookmark & Watch it. Then read the post below - a hedge fund manager called a $5 billion company "the best managed pyramid scheme in history" ↓

Сarm1ne

576,676 Aufrufe • vor 3 Monaten

A billionaire trader has spent 40 years trying to delete a one-hour documentary. It shows him making $100 million in a single afternoon. He predicted the crash that made it possible three months in advance. He has never explained why he wants the film gone. His name is Paul Tudor Jones. The film is on YouTube. The documentary is called "Trader." PBS filmed it in 1987, three months before Black Monday. Jones was 32 years old, working from a small New York office, wearing shorts and a t-shirt, yelling at his phones, throwing paper across the room, and sleeping under his desk. The film captures him and his research partner Peter Borish overlaying a chart of the 1929 market on 1987, month by month. The two charts tracked within one percent. Borish said this is exactly what happened in 1929. Jones said if the analog holds, October is when it breaks. On October 19, 1987, the Dow fell 22.6 percent in a single day. It remains the largest one-day percentage loss in stock market history. That afternoon, Tudor Jones covered his shorts and made roughly $100 million. He was 33 years old. He was one of the very few traders on the street who came out ahead. He tried to bury the tape because it made him look reckless in a professional world that punished swagger. Twenty years of legal effort did not delete it. Someone kept a copy. It is on YouTube. It has fewer views than most makeup tutorials. The film is not really about a crash. It is about a specific philosophy of trading. Jones is shown building conviction slowly, sizing carefully, then striking hard when the setup arrives. He is never once shown making a random bet. He is shown doing the same thing five times a day, every day, for three months. His signature line, repeated across a 45-year career: "The most important rule of trading is to play great defense, not great offense." He does not try to be right. He tries not to lose. He sets stops tight, cuts positions fast, and never averages down on a loser. Every trade in the film follows this template. Tudor Investment Corp, the fund he founded in 1980, has compounded at roughly 19 percent a year for 45 years. He is 71 years old and still trading. His method has not changed since the film. The lesson: greatness in markets is a refusal, not a talent. Refusal to be reckless. Refusal to be certain. Refusal to average down. Refusal to trust yourself in a drawdown. Tudor Jones has refused those refusals for 45 years. The tape is free. The philosophy is repeated in every trade. Most traders will never watch it.

A billionaire trader has spent 40 years trying to delete a one-hour documentary. It shows him making $100 million in a single afternoon. He predicted the crash that made it possible three months in advance. He has never explained why he wants the film gone. His name is Paul Tudor Jones. The film is on YouTube. The documentary is called "Trader." PBS filmed it in 1987, three months before Black Monday. Jones was 32 years old, working from a small New York office, wearing shorts and a t-shirt, yelling at his phones, throwing paper across the room, and sleeping under his desk. The film captures him and his research partner Peter Borish overlaying a chart of the 1929 market on 1987, month by month. The two charts tracked within one percent. Borish said this is exactly what happened in 1929. Jones said if the analog holds, October is when it breaks. On October 19, 1987, the Dow fell 22.6 percent in a single day. It remains the largest one-day percentage loss in stock market history. That afternoon, Tudor Jones covered his shorts and made roughly $100 million. He was 33 years old. He was one of the very few traders on the street who came out ahead. He tried to bury the tape because it made him look reckless in a professional world that punished swagger. Twenty years of legal effort did not delete it. Someone kept a copy. It is on YouTube. It has fewer views than most makeup tutorials. The film is not really about a crash. It is about a specific philosophy of trading. Jones is shown building conviction slowly, sizing carefully, then striking hard when the setup arrives. He is never once shown making a random bet. He is shown doing the same thing five times a day, every day, for three months. His signature line, repeated across a 45-year career: "The most important rule of trading is to play great defense, not great offense." He does not try to be right. He tries not to lose. He sets stops tight, cuts positions fast, and never averages down on a loser. Every trade in the film follows this template. Tudor Investment Corp, the fund he founded in 1980, has compounded at roughly 19 percent a year for 45 years. He is 71 years old and still trading. His method has not changed since the film. The lesson: greatness in markets is a refusal, not a talent. Refusal to be reckless. Refusal to be certain. Refusal to average down. Refusal to trust yourself in a drawdown. Tudor Jones has refused those refusals for 45 years. The tape is free. The philosophy is repeated in every trade. Most traders will never watch it.

Veles

3,611,402 Aufrufe • vor 24 Tagen

$In 2008 a Stanford professor stood at a podium and proved, for free, that information and money grow by the exact same equation. it was filmed. it has been free for 18 years. 7,000 people watched it. Thomas Cover died four years later and took the fame with him. his life's work: Shannon's information theory and Kelly's betting formula are one thing. how much to bet is just how much you know. every quant sizing a trade in 2026 is standing on Cover, whether they know the name or not. he wrote the book every information theorist trains on. the lecture that ties it all to money sits on YouTube with fewer views than a cat clip. skip to where he turns a horse race into a stock market. same math. a bit of information, a fraction of your bankroll, one growth rate. no fund. no signal. one professor and one equation. a quant I know says this hour is the missing chapter behind every book on position sizing he owns. you are 18 years late. it is still free.$

In 2008 a Stanford professor stood at a podium and proved, for free, that information and money grow by the exact same equation. it was filmed. it has been free for 18 years. 7,000 people watched it. Thomas Cover died four years later and took the fame with him. his life's work: Shannon's information theory and Kelly's betting formula are one thing. how much to bet is just how much you know. every quant sizing a trade in 2026 is standing on Cover, whether they know the name or not. he wrote the book every information theorist trains on. the lecture that ties it all to money sits on YouTube with fewer views than a cat clip. skip to where he turns a horse race into a stock market. same math. a bit of information, a fraction of your bankroll, one growth rate. no fund. no signal. one professor and one equation. a quant I know says this hour is the missing chapter behind every book on position sizing he owns. you are 18 years late. it is still free.

Loran

33,545 Aufrufe • vor 10 Tagen

A man who has made 19% a year for forty-five years spent most of them telling people Warren Buffett was just lucky. Then he listened to a podcast and apologised on air. "Wow, this guy is a genius, and I've been the biggest fool all along." That is Paul Tudor Jones. His original argument was never stupid, which is the part worth staying for. Buffett, he thought, was in the right place at the right time, riding the longest bull market in history. Put the same man in Japan starting in 1989 and see how well the genius holds up. It is a real objection. The Nikkei peaked in December 1989 and did not get back there until February 2024. Thirty-four years underwater. Buy and hold would have ruined you. He changed his mind anyway. He now calls Buffett the OG of compound interest, and then he says the line that should stop you. "He understood the power of compound interest at age nine, while I brilliantly avoided it throughout my entire career." That is not a man who failed at anything. So what exactly did he avoid? Selling. Run the same 19% two ways. Hold everything and pay capital gains once at the end, and forty years turns a dollar into 842. Realise your gains every year and pay tax as you go, and the same 19% turns a dollar into 287. Identical returns. Roughly three times the money, purely from not touching it. That is the price of being right often instead of being right once and then waiting. And here is what makes this honest rather than a lecture. Jones knows all of it now and still cannot do it. He says plainly he could not sit through a 50% drawdown, that his own wiring will not permit it. He wondered aloud why he couldn't just believe in America and ride it out. He can't. Fifty years of reflexes do not get argued away by arithmetic. So the lesson is not to go and be Buffett. It is to work out which one you actually are before the market tells you, because the two strategies are not interchangeable and neither are the people who run them. He is 71. He apologised to a man he had doubted for decades, and then admitted he would probably do it the same way again.

A man who has made 19% a year for forty-five years spent most of them telling people Warren Buffett was just lucky. Then he listened to a podcast and apologised on air. "Wow, this guy is a genius, and I've been the biggest fool all along." That is Paul Tudor Jones. His original argument was never stupid, which is the part worth staying for. Buffett, he thought, was in the right place at the right time, riding the longest bull market in history. Put the same man in Japan starting in 1989 and see how well the genius holds up. It is a real objection. The Nikkei peaked in December 1989 and did not get back there until February 2024. Thirty-four years underwater. Buy and hold would have ruined you. He changed his mind anyway. He now calls Buffett the OG of compound interest, and then he says the line that should stop you. "He understood the power of compound interest at age nine, while I brilliantly avoided it throughout my entire career." That is not a man who failed at anything. So what exactly did he avoid? Selling. Run the same 19% two ways. Hold everything and pay capital gains once at the end, and forty years turns a dollar into 842. Realise your gains every year and pay tax as you go, and the same 19% turns a dollar into 287. Identical returns. Roughly three times the money, purely from not touching it. That is the price of being right often instead of being right once and then waiting. And here is what makes this honest rather than a lecture. Jones knows all of it now and still cannot do it. He says plainly he could not sit through a 50% drawdown, that his own wiring will not permit it. He wondered aloud why he couldn't just believe in America and ride it out. He can't. Fifty years of reflexes do not get argued away by arithmetic. So the lesson is not to go and be Buffett. It is to work out which one you actually are before the market tells you, because the two strategies are not interchangeable and neither are the people who run them. He is 71. He apologised to a man he had doubted for decades, and then admitted he would probably do it the same way again.

Veles

48,073 Aufrufe • vor 10 Tagen

A 27 year old with no government job stole $4.5 BILLION from an entire country and used it to fund the Wolf of Wall Street. He is still free. > Jho Low graduated from the University of Pennsylvania in 2005 > Within four years he had talked his way onto the board of a Malaysian government sovereign wealth fund called 1MDB > He had no official position. No formal title. Just access. > Between 2009 and 2015 he moved over $4.5 billion through offshore shell companies across 8 countries > He used Goldman Sachs to raise $6.5 billion in bonds for the fund. Goldman earned $600 million in fees. Billions went missing. > Then came the spending > He paid Britney Spears $1 million to pop out of a birthday cake at his New Year's Eve party in Vegas > He rented an entire Las Vegas resort for a single weekend > He hired Jamie Foxx to perform privately at his parties > Leonardo DiCaprio thanked him by name at the Golden Globes in 2014 > The Wolf of Wall Street was financed with money stolen from Malaysian taxpayers > He bought a $120 million superyacht, a $35 million private jet and a Paris apartment full of Monet and Warhol paintings > In 2015 a journalist exposed the scheme > $700 million had landed directly in the Malaysian Prime Minister's personal bank account > Goldman Sachs paid $2.9 billion in fines > The Prime Minister was convicted and sentenced to 12 years in prison > Jho Low vanished > Interpol has been hunting him since 2016 > He is believed to be living under a new identity in China > He has never been arrested. He has never appeared in court. The man who stole $4.5 billion from an entire country is somewhere in China right now watching the world look for him.

A 27 year old with no government job stole $4.5 BILLION from an entire country and used it to fund the Wolf of Wall Street. He is still free. > Jho Low graduated from the University of Pennsylvania in 2005 > Within four years he had talked his way onto the board of a Malaysian government sovereign wealth fund called 1MDB > He had no official position. No formal title. Just access. > Between 2009 and 2015 he moved over $4.5 billion through offshore shell companies across 8 countries > He used Goldman Sachs to raise $6.5 billion in bonds for the fund. Goldman earned $600 million in fees. Billions went missing. > Then came the spending > He paid Britney Spears $1 million to pop out of a birthday cake at his New Year's Eve party in Vegas > He rented an entire Las Vegas resort for a single weekend > He hired Jamie Foxx to perform privately at his parties > Leonardo DiCaprio thanked him by name at the Golden Globes in 2014 > The Wolf of Wall Street was financed with money stolen from Malaysian taxpayers > He bought a $120 million superyacht, a $35 million private jet and a Paris apartment full of Monet and Warhol paintings > In 2015 a journalist exposed the scheme > $700 million had landed directly in the Malaysian Prime Minister's personal bank account > Goldman Sachs paid $2.9 billion in fines > The Prime Minister was convicted and sentenced to 12 years in prison > Jho Low vanished > Interpol has been hunting him since 2016 > He is believed to be living under a new identity in China > He has never been arrested. He has never appeared in court. The man who stole $4.5 billion from an entire country is somewhere in China right now watching the world look for him.

Jeremy

86,050 Aufrufe • vor 3 Monaten

In 2013 a Wall Street risk boss walked up to an MIT chalkboard and gave away the exact math desks charge $400,000 a year to run. MIT filmed it. it has been free for 13 years. 7.9 million people pressed play and almost none of them changed a thing. his point: the Wall Street edge was never a secret. it is a first lecture. options, risk, how a payout is actually built. every prediction-market trader hunting an edge in 2026 is chasing what Jake Xia put on a board in hour one of a free class. he ran risk for a living, not a channel. the video outdrew most blockbusters and still moved almost no one, because watching is not doing. skip to where he prices risk. he takes the thing quant threads sell for $500 and builds it from zero, slow enough for a beginner to follow. no paywall. no NDA. one board and a marker. a quant I know sends this link to every junior who whines the math is too hard. you are 13 years late. it is still free.

In 2013 a Wall Street risk boss walked up to an MIT chalkboard and gave away the exact math desks charge $400,000 a year to run. MIT filmed it. it has been free for 13 years. 7.9 million people pressed play and almost none of them changed a thing. his point: the Wall Street edge was never a secret. it is a first lecture. options, risk, how a payout is actually built. every prediction-market trader hunting an edge in 2026 is chasing what Jake Xia put on a board in hour one of a free class. he ran risk for a living, not a channel. the video outdrew most blockbusters and still moved almost no one, because watching is not doing. skip to where he prices risk. he takes the thing quant threads sell for $500 and builds it from zero, slow enough for a beginner to follow. no paywall. no NDA. one board and a marker. a quant I know sends this link to every junior who whines the math is too hard. you are 13 years late. it is still free.

Loran

151,219 Aufrufe • vor 11 Tagen

CEO of Citadel: "no one is more wrong than I am today", he built the most profitable hedge fund in history in this interview he explains why he hired a Russian rocket scientist, why being the smartest in the room is a mistake, and why being right 54% of the time made $90 billion Bookmark & watch it. Then read the article below - The 77-year-old formula that explains why a small edge is all you need ↓

CEO of Citadel: "no one is more wrong than I am today", he built the most profitable hedge fund in history in this interview he explains why he hired a Russian rocket scientist, why being the smartest in the room is a mistake, and why being right 54% of the time made $90 billion Bookmark & watch it. Then read the article below - The 77-year-old formula that explains why a small edge is all you need ↓

Сarm1ne

4,245,352 Aufrufe • vor 3 Monaten

"Einstein of Wall Street" survived all 5 global market crashes - and for 40 years has traded $1 billion every day he said: "Invest in stocks, not stuff " and yet - he never bought a single stock in his life - only made money on commissions for 2 years he dressed up every morning and went to Wall Street completely broke - now he is considered the most experienced and smartest man in the market bookmark & watch - trading advice from the most experienced man on Wall Street

"Einstein of Wall Street" survived all 5 global market crashes - and for 40 years has traded $1 billion every day he said: "Invest in stocks, not stuff " and yet - he never bought a single stock in his life - only made money on commissions for 2 years he dressed up every morning and went to Wall Street completely broke - now he is considered the most experienced and smartest man in the market bookmark & watch - trading advice from the most experienced man on Wall Street

bodila

1,677,946 Aufrufe • vor 2 Monaten

A hedge fund manager made $15 billion from a single trade - The greatest trade in Wall Street history in this 24-minute interview he explains how he shorted $25 billion in mortgages, lost money for months, and turned it into the greatest trade ever made Bookmark & Watch It. Then read the post below how the CEO of Citadel started with $265K and turned it into $90 billion ↓

A hedge fund manager made $15 billion from a single trade - The greatest trade in Wall Street history in this 24-minute interview he explains how he shorted $25 billion in mortgages, lost money for months, and turned it into the greatest trade ever made Bookmark & Watch It. Then read the post below how the CEO of Citadel started with $265K and turned it into $90 billion ↓

Сarm1ne

150,967 Aufrufe • vor 3 Monaten

A man who turned 7 million dollars into 500 million in 10 years sat on a desk in a classroom and taught the method to 30 students. The man is Joel Greenblatt. He ran Gotham Capital from 1985 to 1994 at roughly 50% a year, then returned all outside capital in 1995 and kept running his own money. Almost nobody sustains that number over a decade. A Columbia classroom in 2005. Chalkboard, blue plastic chairs, a camera at the back of the room recording for the students who missed it. He sits on the edge of the desk with a stack of paper. He does not teach a screen or a formula. He teaches situations most funds cannot touch, the corners of the market where the usual buyers are structurally forced to sell regardless of price. The first lecture is where he sets up why those corners exist at all, and why they keep existing after everybody knows about them. The uncomfortable turn is what he says about diversification and about how few positions he actually held. It runs directly against everything the same school teaches two floors down. It matters more now. Every screener is free, every filing is searchable, and the constraint was never information. Free on YouTube, filmed from the back row, audio uneven, students blocking the frame. He gave away 50% a year to a room of 30 people. The tape has been public for years. One classroom. 1 camera. It is in the video.

A man who turned 7 million dollars into 500 million in 10 years sat on a desk in a classroom and taught the method to 30 students. The man is Joel Greenblatt. He ran Gotham Capital from 1985 to 1994 at roughly 50% a year, then returned all outside capital in 1995 and kept running his own money. Almost nobody sustains that number over a decade. A Columbia classroom in 2005. Chalkboard, blue plastic chairs, a camera at the back of the room recording for the students who missed it. He sits on the edge of the desk with a stack of paper. He does not teach a screen or a formula. He teaches situations most funds cannot touch, the corners of the market where the usual buyers are structurally forced to sell regardless of price. The first lecture is where he sets up why those corners exist at all, and why they keep existing after everybody knows about them. The uncomfortable turn is what he says about diversification and about how few positions he actually held. It runs directly against everything the same school teaches two floors down. It matters more now. Every screener is free, every filing is searchable, and the constraint was never information. Free on YouTube, filmed from the back row, audio uneven, students blocking the frame. He gave away 50% a year to a room of 30 people. The tape has been public for years. One classroom. 1 camera. It is in the video.

Merlow

184,028 Aufrufe • vor 8 Tagen

Paul Samuelson was the first American to win the Nobel Prize in Economics. He spent his career proving that ordinary people should not try to beat the market. He also quietly beat the market himself for 60 years. His last full-length interview explains how. Almost nobody has watched it. Samuelson taught at MIT for 65 years, from 1940 until he died in 2009. His textbook "Economics" sold roughly four million copies. He rewrote the field. Every finance professional working today learned economics from a book he wrote or a book written by his students. He also ran his own money quietly. His returns reportedly outpaced most active managers of his era, and he was an early investor in Warren Buffett's Berkshire Hathaway. He never advertised the numbers. He said the opposite in public. His most famous line about investing: "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." He was one of the earliest advocates for index funds. He believed almost nobody could beat the market and almost nobody should try. His nephew Larry Summers became Treasury Secretary. His students founded half the modern economics profession. He was invited into every important economic policy debate of his lifetime. His view on personal finance was unusually blunt for a Nobel laureate. In one of his final interviews, near the end of his life, he explained his framework in three sentences. Personal finance is not a science. It is a set of common-sense decisions repeated for decades. Save more than you spend. Diversify. Do not chase excitement. Do not trust anyone who promises certainty. He said these things thousands of times over 70 years and the industry ignored him every year. The full interview covers his childhood, his years at Chicago and Harvard, his rise at MIT, his Nobel, and his philosophy on money. He was 94 years old at the time. His voice is thin and his answers are direct. He does not soften anything. He treats the interviewer like a graduate student who happens to be holding a camera. The more sophisticated a market becomes, the more valuable the boring advice becomes. Every investor who ignored Samuelson's rules is a receipt for how right he was. Every quant who read his mathematics and skipped his common sense missed the point. Samuelson died December 2009. He was 94. His textbook is still in print. The interview is free.

Paul Samuelson was the first American to win the Nobel Prize in Economics. He spent his career proving that ordinary people should not try to beat the market. He also quietly beat the market himself for 60 years. His last full-length interview explains how. Almost nobody has watched it. Samuelson taught at MIT for 65 years, from 1940 until he died in 2009. His textbook "Economics" sold roughly four million copies. He rewrote the field. Every finance professional working today learned economics from a book he wrote or a book written by his students. He also ran his own money quietly. His returns reportedly outpaced most active managers of his era, and he was an early investor in Warren Buffett's Berkshire Hathaway. He never advertised the numbers. He said the opposite in public. His most famous line about investing: "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." He was one of the earliest advocates for index funds. He believed almost nobody could beat the market and almost nobody should try. His nephew Larry Summers became Treasury Secretary. His students founded half the modern economics profession. He was invited into every important economic policy debate of his lifetime. His view on personal finance was unusually blunt for a Nobel laureate. In one of his final interviews, near the end of his life, he explained his framework in three sentences. Personal finance is not a science. It is a set of common-sense decisions repeated for decades. Save more than you spend. Diversify. Do not chase excitement. Do not trust anyone who promises certainty. He said these things thousands of times over 70 years and the industry ignored him every year. The full interview covers his childhood, his years at Chicago and Harvard, his rise at MIT, his Nobel, and his philosophy on money. He was 94 years old at the time. His voice is thin and his answers are direct. He does not soften anything. He treats the interviewer like a graduate student who happens to be holding a camera. The more sophisticated a market becomes, the more valuable the boring advice becomes. Every investor who ignored Samuelson's rules is a receipt for how right he was. Every quant who read his mathematics and skipped his common sense missed the point. Samuelson died December 2009. He was 94. His textbook is still in print. The interview is free.

Ochob

202,010 Aufrufe • vor 24 Tagen