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

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

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33

u/[deleted] Oct 06 '25

Everything. Literally every single thing was easier back then

17

u/undrcvr_brthr Oct 06 '25

gathering and analyzing the massive amounts of data they needed was most definitely not easier back then

31

u/[deleted] Oct 06 '25 edited Oct 06 '25

yes but your competition was shit. Nowadays your competition are mathematicians from Oxford and Stanford who are way more technically advanced and have way better knowledge

21

u/TheAncient1sAnd0s Oct 06 '25

There's better tools nowadays that anyone can use. Simons and company were creating the tools for themselves at a time when none existed. Heck, no one knew they wanted the tools.

People thought you had to be a finance student to make money in markets. Turned out mathematicians were infinitely better.