Mathematician

Jim Simons died in May 2024 at 86. His Medallion Fund generated 66% average annual returns over 34 years—the best track record in investment history. Not 66% total. 66% per year. That number still doesn’t make sense to me. $100 invested in 1988 turned into $398.7 million by 2018 after fees. The same $100 in […]