FYI:( This is A Follow-Up Article.)
THIS MONTH saw the publication of a remarkable biography: The Man Who Solved the Market chronicles the life and career of hedge fund manager James Simons. Over the past 31 years, Simons’s Medallion Fund has clocked average returns of 66% per year. Even after Medallion’s fees—which are the highest in the industry—investors took home average returns of 39% a year.
By way of comparison, the U.S. stock market historically has returned about 10% a year. To put this in further perspective, investors who put $1,000 into Medallion at the beginning of 1988 would have seen their investment grow to nearly $28 million by year-end 2018.
Regards,
Ted
https://humbledollar.com/2019/11/no-comparison/
