Sublime
An inspiration engine for ideas
Damodaran on Valuation: Security Analysis for Investment and Corporate Finance (Wiley Finance)
amazon.com
The net worth of Ray Dalio, founder of Bridgewater Associates:
$22,000,000,000
Bridgewater is one of the biggest hedge funds on Earth.
How did it get so big?
A portfolio strategy 100s of PhDs developed over 10+ years.
__... See more
BLOOMBERG ARTICLE ON SYSTEMIC RISK FROM PODS
Some interesting points in this Bloomberg article on multi-manager funds.
A couple points stood out to me, and there were a couple points I would add. What stood out:
1) PODS ARE BIG. 30% of HF GMV per GS report (does... See more
Many people have wrestled to explain how Quant King Jim Simmons managed to outperform the S&P500 for 30 years in a row with a reality defying 40% CAGR.
The answer is he was given access to classified mathematics, cryptography, and physics in exchange for his LPs getting secret kickbacks to fund black projects for the mi... See more
Jim Simons didn't want finance majors at Ren Tech. He believed they brought bias, not breakthroughs. Instead, he built his team with PhD’s in physics, math, and computer science.
The result? A hedge fund with 39% average annual returns and one of the best track records in history.
ₕₐₘₚₜₒₙ — e/accx.com
Joel Greenblatt would always hand out charlie479’s(Nobert Lou) first three write ups to his students a Columbia to show them what a brilliant investment thesis looks like.
Here is one of the VIC write ups that Joel Greenblatt hands out to his students:
$NVR https://t.co/HiemeJWYtL