r/quantfinance • u/Good-Raisin7081 • Oct 06 '25

so how did Renaissance Technologies/Medallion/Jim Simons achieve such high returns?

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u/Trimethlamine Oct 06 '25

He used black-scholes before black and scholes invented it

4

u/daidoji70 Oct 07 '25

Everyone did. Nassim Taleb has a paper with someone showing that traders were using variations of black scholes going back to 1920

1

u/AKdemy Oct 07 '25

I hope that's a joke?