Renaissance Technologies

Renaissance Technologies is the best performing investment firm
of all time. And yet no one at RenTec would consider themselves
an “investor”, at least in any traditional sense of the word.
It’d rather be more accurate to call them scientists — scientists
who’ve discovered a system of math, computers and artificial
intelligence that has evolved into the greatest money making
machine the world has ever seen. And boy does it work: RenTec’s
alchemic colossus has posted annual returns in the firm’s
flagship Medallion Fund of 68% gross and 40% net over the past 34
years, while never once losing money. (For those keeping track at
home, $1,000 invested in Medallion in 1988 would have compounded
to $46.5B today… if you’d been allowed to keep it in.) Tune in
for an incredible story of the small group of rebel
mathematicians who didn’t just beat the market, but in the words
of author Greg Zuckerman “solved it.”


Sponsors:


WorkOS: https://bit.ly/workos25

Sierra: https://bit.ly/acquiredsierra

Sentry: https://bit.ly/acquiredsentry

Anthropic: https://bit.ly/acquiredclaude25



Links:


The Man Who Solved the Market

The Quants

Bloomberg’s 2016 RenTec profile

Quartr's visualization of RenTec's returns

All episode sources



Carve Outs:


Modern Treasury’s Transfer Conference Registration

The New Look

Cole Haan x Acquired!

Class of Palm Beach (and the Mini Kelly inside the Birkin!!)






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‍Note: Acquired hosts and guests may hold assets discussed in
this episode. This podcast is not investment advice, and is
intended for informational and entertainment purposes only. You
should do your own research and make your own independent
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