New AI Algorithm Helps You Climb the “Profit Mountain”
Looking for the all-time, best-of-the-best investment returns? Look no further than Renaissance Technologies. If you put just $5,000 into its Medallion Fund when it was founded in 1988, then never touched it, you’d have $304 million today. That’s what you get when you compound your money at 37% a year for 35 straight years. RenTech is the tippy top of the hedge fund world. The peak of Profit Mountain. For the kind of person who’s allowed to invest (it’s a short list), it doesn’t get any better. And its methods for achieving these returns are completely unlike what most hedge[…]
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