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A comment on The Algorithm Behind Jim Simons's Success. Parent comment

Re:The Algorithm Behind Jim Simons's Success by belter on Sunday May 26, 2024 @01:08PM (#40483685)
“In today’s regulatory environment, it’s virtually impossible to violate rules.”

  — Bernard Madoff in New York on Oct 20, 2007
“It’s a proprietary strategy. I can’t go into it in great detail.”

  — Bernard Madoff to Barron’s, May 7, 2001
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Re:The Algorithm Behind Jim Simons's Success by StopTheWorld on Sunday May 26, 2024 @03:49PM (#40484816)
Madoff took in other people's money. The Medallion Fund stopped taking new outside money in 1993, and in 2005 it got rid of all outside money. The people making (or potentially losing) money are the people making the trades.
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Re:The Algorithm Behind Jim Simons's Success by belter on Sunday May 26, 2024 @05:30PM (#40485556)
That the Medallion Fund is a fraud or not, is not the point being argued by those quotes...
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