Medallion Fund “Stretches Explanation to the Limit,” Professor Claims

Re:Medallion Fund “Stretches Explanation to the Limit,” Prof... by huffmsa on Wednesday January 29, 2020 @10:10AM (#22181317)

I think I have the math right here, but let's say you start with > Capital = $100

1 time a day 5 days a week 50 weeks a year, you're going to take your capital and place that many $1 bets with it.

Let's say you net +1% on your deployed capital ever day.

After 250 rounds, you have $1215 in the bank.

Again, correct the math if I'm wrong. But scale that down to 0.57%, which is the win rate I saw, and they're making ~$600/yr, which is the stated average return.

Seems legit

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Re:Medallion Fund “Stretches Explanation to the Limit,” Prof... by papln on Wednesday January 29, 2020 @10:41AM (#22181697)

> Let's say you net +1% on your deployed capital ever day.

That's the "..." step in "1 steal underpants, 2 ..., 3 Profit!"

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Re:Medallion Fund “Stretches Explanation to the Limit,” Prof... by huffmsa on Thursday January 30, 2020 @07:53AM (#22190976)

Well yeah. But that's what they've figured out.

It's unlikely, but not impossible.

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Re:Medallion Fund “Stretches Explanation to the Limit,” Prof... by texasbigdata on Wednesday January 29, 2020 @05:48PM (#22186837)

The book has more detail. They raised capital in the beginning.

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