1. How to make 66% annualized over 17 years…..
A number of you are reading the Greg Zuckerman book - The Man Who Solved The Markets about Jim Simons Renaissance Technologies.
Firstly for the uninitiated, here’s why people care:
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd4cf2ee8-2bb6-4b31-b8de-1d7c2ce900d9_480x640.jpeg)
And even after Renaissance’s fees and carry, investors were left with 39% net return from 2002 to 2018. To put that into context,…