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"39% Return AFTER Fees!" - The Secret Fund That DOMINATES Warren Buffett & George Soros
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- Äas pĆidĂĄn 3. 07. 2024
- Patrick Bet-David narrates the story of a legendary hedge fund founded by Jim Simons, known for its exceptional performance, with an annualized return of around 40% per year after fees since 1988. This fund is exclusively available to current and former employees of the company.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller âYour Next Five Movesâ (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I've got $110k set aside to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $180k ROI, and this does not include capital gain.
Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ââ Melissa Terri Swayneâ for about five years now, and her performance has been consistently impressive. Sheâs quite known in her field, look-her up.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
What are the best strate-gies to pro-tect my port-folio? I've heard that a downturn will devastate the financial market, so I'm con-cerned about my $200k stock -portfolio.
There are stra-tegies that could be put in place for solid gains regard-less of eco-nomy situation, but such execution is usually -carried out by an investment specialist
*The issue is most people have the âI want to do it myself mentalityâ but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.*
*very encouraging for folks starting out like myself, who is the advisor guiding you please, if you dont mind me asking?*
Her name is. 'GRISELDA ELENA JEMMOTTâ. Just research the name. Youâd find necessary details to work with a correspondence to set- up -an appointment.
I just curiously searched.....her up, and I have sent her an email...... I hope she gets back to me soon. Thank you
Well my formula is simple. Hold cash and wait till the market re-levels so I can make new buys again. Or are there any ways I can avoid a crunch and maximize my savings of $550k? I know election years are positive for the stock market about 90% of the time.
trade the chart, else you'd be waiting a long time! learn how to create a basket of securities like an expert or seek guidance from one
Agreed, I once downplayed the role of financial experts until suffering 40% portfolio loss amid 2020 lockdown, at once I consulted an advisor with grit and my portfolio was revamped. As of today, I'm just about 25% shy of $1m after 100s of thousands invested.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I vet the professional guiding you please?
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. Youâd find necessary details to work with and set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go weâre the market is wanting to go and keep it simple with discipline.
started working with Kathleen Cheryl Constantz in June 2023, and my financial goals have never been clearer! Itâs like having a strategic partner for my money with a solid track record. She was my hope during the 'bear summer' last year.
Kathleen Cheryl Constantz is the licensed fiduciary I use. Just research the name. Youâd find necessary details to work with. `
I could really use the expertise of this advsor.
Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!
Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?
There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. Iâve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I'm sitting on some significant money ready to toss it into VOO, but I'm kinda hoping that price drops a bit. I know we only want to see the stock rise, but being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Amber Dawn Brummit who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?
I don.t really know your risk tolerance or asset allocation, sounds like just bad stock picking. Also unclear if you have an advisor providing value via financial planning or other decision making. But likely scenario is just bad stock picks. Index funds, Etfs and chill.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
@@JIANHENGLUG Please can you leave the info of your lnvestment advsor here? Iâm in dire need for one
@@JIANHENGLUG this is all new to me, How do I find a suitable fiduciary advisor, can you recommend any?
I've stuck with the popularly ââJennifer Leigh Hickmanâ for about five years now, and her performance has been consistently impressive. Sheâs quite known in her field, look her up.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . Iâve been sitting on over $545K equity from a home sale and Iâm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Just because there are opportunities in the market doesnât mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
The importance of diversifying your investments and always putting your money to work is one thing I've learned from millionaires. This year, I expect to make a return on the about $200K that I plan to invest in equities.
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I was self managing but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary financial advisor. By restructuring and diversifying my $620k portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 30%.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. that's why seeking expert advice is essential.
I agree, my profit have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser that was commended by a popular economist on a subreddit, long story short, its been 2years now and Iâve gained over $850k following guidance from my investment adviser.
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year.
Please can you leave the info of your investment advisor here? Iâm in dire need for one.
I've worked with a few different financial advisors, but I ultimately chose ''Jenienne Miniter Fagan'' because she seems to be very thorough and knowledgeable about the financial market, and yes I do make more.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
Palantir, ARM and Nvidia are all still good buy, but what do I know Iâm not a financial advisor lol
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Iâm 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
investors are extra cautious right now. They want to make sure theyâre getting a good deal given how much mortgage payments have gone up, and when they donât feel like theyâre getting a good deal, theyâre backing out, so definitely looking elsewhere is a necessity.
In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you're unsure if to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, thatâs how Iâve stayed afloat over 5 years now, amassing nearly $1m in ROI.
Do you mind sharing info of your advisor? I need help.
âLauren Marie Ehlersâ is the advisor I use. Just research the name. Youâd find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
How does Medallion fund return compare to Nancy Pilosi?
No one does better than Nancy.
đđđ. Perfect question.
Maybe not as good recently
She's on it and how does she know so much into the futures
@@alfee9411 We sit on the same committees. If people just did public record searches they would see all the laws pending & who is bidding on what. all fully public info. just got to go get it.
HA !! The Pelosi fund family has made $500 million over the decades.
I bought 2 bitcoin at $40,000 wanting to exit with at least $200,000 but at the moment i am worried that bitcoin won't get to $100k in this bull run, as post halving has not seen bitcoin break its ATH. I need advice, should i cashout now and put my money in safe investments or still hangon?
Don't sell! I believe Bitcoin will reach $150k this bull run. If you're unsure, consult a financial advisor who specializes in crypto investments for their clients.
I was in a similar situation a few years ago; I took profits, but it went higher. Realizing I wasn't good at timing the market, I started working with an advisor, which helped me build a $1.6m stock and crypto portfolio. It all comes down to insight and patience. Remember, time in the market is better than timing the market.
@@Frankweily This is very insightful. Hope you don't mind me asking you to recommend your advisor?
I'm careful about giving specific recommendations since everyone's situation is different, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up online to see if she's a good fit for you.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. Youâd find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
@@bleshjjdnit How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
My CFA âMelissa Marie Colbyâ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However Iâve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I donât know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach.
SUNITA SUZANNE BYG is the licensed advisor I use. Just research the name. Youâd find necessary details to work with a correspondence to set up an appointment.
My needs are kind of unique and complex. I'll contact her nonetheless, and I hope I'm able to make something out of it.
Jim Simons was an absolute legend and a mathematical genius to the highest degree, but he and his Renaissance fund generally flew under the radar for a long time despite the funds incredible performance for decades. He wasn't a guy who was going to be on CNBC every week touting his "picks" so many weren't familiar with him. The consistency of returns of his fund is incredible.
he basically doubled his money every year and keep half for himself.
M laundering in opaque boxđź
My grandpa is in the medallion fund and they also give you a coffee cake every year
yes, they buy that coffee cake from Walmart
Wrong. It's peacon pie/cake.
@@louiscypher4275 also from Walmart
IS it true théy Make 39% ?
Seems kind of random.
If someone is doing 39% return, I would be HIGHLY suspicious...
Pelosi is doing 45.6%
Hey everyone, have you been following the recent growth in the money markets?
Yes, I've been keeping an eye on short-term financial assets like treasury bills and commercial bills.
It seems like there's been some volatility lately, especially with interest rate changes.
That's true. It's crucial to stay ahead of these fluctuations to make informed investment decisions.
Speaking of staying ahead, has anyone worked with Desiree Ruth Hoffman before?
Yes, I have. Desiree has been incredibly helpful in navigating these money market issues.
Pat left out alot of information on jim Simons.
1) He was a math prodigy of some sort
2) traded cotton
3) did a business in Colombia with 3 of his friends
3) was a professor of mathematics at stony brooks university New York
Jim Simons focused on various areas of mathematics during his academic career, including differential geometry and topology. These mathematical disciplines played a crucial role in his research and later in the development of his successful hedge fund strategies.
4) handled his families and friends finance's before starting quant investing
5) He applied advanced mathematical methods ( from his time a maths professor at stony brooks university) into trading
6) the list goes on
Thanks.
Also, Pat said it was AI. I donât think it was technically artificial intelligence. They created an algorithm for trading small amounts extremely quick.
Not surprised that James Simons only just now crossed PBD's radar and then talks erroneously about him. PBD clearly knows as much about Math and AI as the general public which goes to show you can be a dummy and be quite rich. That's why we live in the greatest albeit among the dumbest countries on Earth. Happy 4th of July! đđșđžđ
@@user-hf2dr7sh4y haha true!
They front ran trades
Jim only tried to hire top level mathematicians. And if you look at their other none private funds they did worse than s&p 500. The flagship medallion fund was keept at 10B dollars because that was the most efficient was to get the highest returns. Although it's the greatest fund it was only open for people working a Renaissance and their family. Their rnd budget was also extremely high.
Simons was arbitraging tiny patterns within market data. He had to limit the size of the fund because there is only a limited amount of profit that can be squeezed from any such scheme. He was not investing, he was exploiting tiny inefficiencies in the markets. The cost of discovering these patterns of inefficiency was a super computer and a Ph.D. in math.
That makes a lot more sense, and they didn't talk about this in the video.
That's Pats point, they got it they earned it. It's never too late and chances make champions!
@@BrianCheng24 It is what the top quants due essentially and mostly only people with PhD's or a great track record are hired too do it.
Itâs called trading lol you didnât have to try to sound smart
No he wasn't. Yes he was using mathematics and also statistics, who btw are the deal quants, programmers were just there to set up the algo, he'd use stochastic processes, which has nothing to do with spotting inefficiencies as an assumption is that the markets are efficient. Randoms don't know math trying to explain what the great Jimm Simmons did is cringe.
The medallion fund ran off of HFT(high frequency trading) many people including myself consider it extremely unfair. To put it simply they are basically the market makers.
Hi valuetainment , it would be right and helpful if you said a few words in support of RFK Jr. It's absurd how he is censored: his interview on Joe Rogan's podcast came out a few days ago, but if you look for it on his channel it doesn't appear in the video section, you can find it only if you search for it. And what's more, in seven days it had only a few thousands views, when on that channel millions can be viewed in the space of hours. This is unacceptable, please do something for the sake of FREE SPEECH!!
If someone read It and thinks It s reasonable, please help to make sure this message reaches @valuetainment
OyVey
More like scalpers
Even the location of RenTech is so they can execute trades faster than everyone else
Doesnt matter, they will pay everything into bitcoin whether they know it or not.
They are missing the point, the medallion fund canât work above a certain level. It will start affecting the market in a way that they wonât be profitable any more. Which is why they limit investment
He doesnât use AI its algorithms
Ai uses algorithms đ
@@dthomaswilliamson33 It's still not the same thing. This was in the late 80s. This is just advanced math and modeling. AI was just a scifi trope and also there was nowhere near the computing power to even begin to think of real AI.
@@cchavezjr7 exactly
RFK Jr needs support!! For example, it would be very useful to increase the views of the interview given to him by JOE ROGAN which was posted again a few days ago (it must be searched for specifically, because for some strange reason it does not appear in the video section of ROGAN's channel).
We need to make him gain the visibility that is continually denied him or disguised with slander to distort the opinion of those who barely know him, without ever having listened to one of his interviews.
thanks for your work valuetainment.đïž
@@user-hello644what does RFK Jr have to do with AI & Algorithms?
PBD insurance business makes PrimeAmerica look like Harvard.
Why? Iâm from NZ and insurance so curious.
Buffet folding his arms at the answer is a tell tale sign he wasnât comfortable. đđ
We love him here at MIT, he did a lot for the school as an alum.
whats good for the goose is good for the gander...but of crooks
As a seasoned investor, I appreciate application of artificial intelligence in modern portfolio management by notable portfolio managers like Abby Joseph Cohen Services. She harnesses it to build portfolios that balance risk and return across different asset classes.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
How can i reach this abby Joseph Cohen, if you don't mind me asking?
â@@Merissabade
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Same, Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, Iâm stoked because Iâm heading into retirement with almost a million bucks in my portfolio.
The thing is people often doubt the prospects of financial advisors like Abby Joseph Cohen in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
I love your show, thank you guys for what you do.
I live a few minutes away from Renaissance Technology on Long Island. They only hire ppl with PhD's in computer science and mathematics. Also, don't ask me how, but they use algorithms where they observe cloud patterns in the sky (That's right clouds) to predict where the markets are going to go up or down. They look for patterns where you would never think to look. Fascinating stuff.
That's some intresting stuff
horse manure.
Sounds satanic
@@PatriarchyPatrol How is that satanic exactly?
@@maximusprometheus6149 the weather part
Fantastic episode!!! Love to hear more about finances đ
Simons has been following Nancy Pelosiâs trades.đ
Nope. Itâs a cia black money fund for UAP research.
Then they couldn't even beat the market, because Pelosi isn't beating the market this year and performing worse than everyone else this year.
I have a ton of respect for this fund. They have a two tier fee. 5% Fixed and 44% performance fee.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment
Great idea for the news site! Cant wait.
Simons said his fund only made out on 51% of the trades. He truly looked at it like a card counter at the blackjack table. He gave a rip about long term gains and growth stocks.
Yup
No such thing as 51% of the trades because you can't make and lose exact same $amount on each trade. He could make 60% profit on 45% of trades and still win. The fund's edge was just small and comparable to casino's edge.
@@somebody3 trades can be binary and they were high volume traders. If only profit or âwinâ 51% even 50.00000001% of your trades-yes itâs possible to be in the black. Think like Mathematician not a trader.
Love your channel Bro!!! I hope I get the chance to meet you some day! My daughter is half Persian from Iran, I am an American capitalist mindset, and love all races and ethnicities and I stand for America winning and becoming wealthy to help others!!!!!
On highest funds, yieldmax comes out 2023, hold my beer! 60-100% a year in returns! đ
Then explain to me how every politician destroys the s&p 500 every year consistently?
hey guys, same thing happened with HOME DEPOT.. just think if you worked for home depot back in 1977 and stayed with them until they went public in 1981... you bought say 1000 or 2000 or 3000 shares at their EPO.. at 12 dollars and road it until 2000... you would be well off today..
It was not AI
en.wikipedia.org/wiki/Chern%E2%80%93Simons_theory
Exactky LLMs didn't exist until 2017
Via GPT-4o: Large Language Models (LLMs) have their roots in the early days of natural language processing (NLP) and artificial intelligence (AI). The concept of using statistical methods to understand and generate human language dates back to the 1950s1. One of the earliest examples was ELIZA, a program developed in 1966 that could simulate a conversation2.
However, the modern era of LLMs began with the development of the transformer architecture in 2017. This architecture significantly improved the ability of models to understand and generate text, leading to the creation of powerful models like OpenAIâs GPT series3.
If youâre interested in how these models have evolved or their applications, feel free to ask!
The transformer architecture is what makes AI, AI.
This is my only complaint with PBD and his thing with AI. Every AI model incorporates algorithms, but not every algorithm is AI.
There are dozens of trading algorithms available right now, that perfectly work given the proper circumstances, so this is not something new or revolutionary. They treat this like it is General Artificial Intelligence, which we are very far away from it.
the way he says okay.. oikaiy đ€Ł.
What this should tell you is that the next 5 years are going to be 5 of the greatest years in market history. Electricity in the 1920s. The internet browser in the 1990s. AI in the 2020s.
Not a single hacker has been able to crack this so-call secret technology? I call bs.
The only bad part about this is you pay taxes before the fees are taken out.
Great job guys keep up with your amazing work
AI Summary:
The video tells the story of Jim Simons, a billionaire and founder of Renaissance Technologies. Simons began his career at the NSA but was fired for criticizing the Vietnam War. At 40, he entered finance, creating Renaissance Technologies and its Medallion Fund, which utilized AI from 1982. Despite initial losses, the fund achieved a 69% annual return, far outpacing other major funds. Medallion Fund became exclusive to employees due to its high performance, maintaining secrecy around its technology. Simons' success underscores the value of math and AI in finance.
âI know how to read thanks.
Thank you!
Now thatâs an incredible employer.
$1 to $42? S&P was 260 in 1988 letâs call it 5600 today. Thatâs a 21-22x
AI wasn't used in 1982. Simons and his group of math guys used advanced math to find trading patterns with high probabilities
Iâm a huge fan of your show. I think you fabulous and I canât. Thank you for your voice.
Soooo, whose coffee can I make at the Medallion fund? I can even pick up your dry cleaning đ
I remember reading about this, think they discovered something where they would go long and short at the same time and pocket the difference, with thousands of short term trades per day.
The magic of compound interest đđđ»
Hmm, what's more likely? Former NSA agent with no financial experience is such a genius that he vastly outperforms even the smartest people in the business with his private and secretive trading system, or, former NSA agent uses secret and private trading system with big "returns" to launder money for US security agencies?
explains his super âsecret successful sauceâ
Read my comment. Itâs a cia black money fund used for UAP back engineering. Simmons has the top physicists in the world under him. Long sorry.
@@19tzortz When you see how deep their criminality goes that's probably not as far off as some people would think.. They're (NSA etc) essentially criminal cartels/enterprises operating to ensure they keep their domenance in many facets of life.. Nothing is off limits to them.
That's a trust me bro source
freemasonry and mafia
All I know is that there will be NOT ONe dollar in HELL.
of course there are trillions of dollars in hell,
what do you think they are burning to keep it toasty down there.
each dollar represents a unit of human suffering.
Free market doesnât create these billionaires. Governments do.
My kids are learning gps math in the new farming style.
Great info
The tech was simply early stages of High Frequency trading.
Hawk tuah that thing Lmaoo
Palantir Technologies PLTR pat has talked about this company before.....
đ€Łđ - difference between a PRO & a Novice is one gets paid
There is one person that has similar returns but closed his fund. Edward Thorpe. Ed also discovered a method to beat blackjack and roulette.
He closed a fund that charged 50% in fees and gave the same in return!?!? No offence but I can't see them letting him. You wouldn't be able to do it, you would be contracted to your shareholders. What happened?
Damn, my fund is up there đ these are the top annual RoRs? I should make mine public and start charging.
Someone is selling something here.
Happy 4th everyone. Enjoy the fireworks & celebrations
I have an amazing algorithm that has never failed in 50 years .
Bye what the politicians bye .
Some how they never seem to lose there money đ
NSA background tells me that he used surveillance and eavesdropping to gather intel and bet accordingly. I guess you could define that as "AI" đđ
Iâve worked for some of these people. Very smart. Very nuts.
SAC and Steve Cohen pleaded guilty to insider trading in 2013, and I suspect many of the other funds on the list are guilty of the same thing. These guys are not geniuses. Jim Simons doesn't have a magic algorithm. It's rich guys getting a heads-up from their rich friends.
Sign up no email about webinar. Testing to see sign ups... and now have my email for their email list, but nothing in return! Shady!
Love the info, how about the XLG( top 50) and QQQ ( Nasdaq 100 ). Your opinion would be appreciated
Why would you seek investment advice from people that didnât make their money investing?
The Garret Van Wagoner group funds gave me returns of 90% to 213% a yr, thru the late 90âs. MS was impressive from the 80âs. Apple finally exploded w the iPhones.
Paul Tudor Jones & peter borisch nailed thr 87 and 88 drop. PBS has a documentary on it.
PBD ... do the same calculation for Blackrock. Their AI is called Alladin. đ
Most stocks move .25 to 3% per day. Thereâs a ton of money to be made in a market that has a clear trend of direction. I used to trade big blue chips for north of 20% annual return for a decade. Itâs labor intensive but itâs very simple.
I canât imagine what smart math could do with this.
Patrick I am part of a fund that has been doing 66% per annum over the past 8 years using Simons methods and a second fund that has been doing 24% for the past 18 years and you can still get in reach out so I can show it to you
Can you share the name of the funds ? Thank you so much. 61 yrs old and do not have enough for retirement despite packing away max feds allow for quite a few years now.
â@@Grungefan2018 the name of the fund is emerge funds
Wasn't t he a math professor at Stonybrook University? With CIA ties?
Your broadcasts are reassuring and satisfying with a growing constituency of urban shamans.
So predictive of what's going to happen next after listening. Next interview Jim Simons. đ
Very good video Patrick. Could you and your oldest son, and team work and study on the Circular Economy subject? Thanks
When something is too good to be true . . Maybe itâs not true!
The podcast that always makes my brain bigger!
Well you wonât be the first to market with that news site because âground newsâ is doing it now and they do exactly what you are talking about plus more. Speaking of leaning news sources this is definitely a right leaning news source. I wish it was more centered but I do enjoy the guest
Great book. Worth the read. THE MAN WHO SOLVED THE MARKET
HOW Jim Simonâs
LAUNCHED Quant Revolution.
Look at what happened in 2008 when the market tanked, they exploded in returns, amazing group
PBD... save your time and money because what you describe about the 15 ML people working on your news site already exists. Its called Ground News which does exactly what you said. It takes all the news and breaks it down into Left, Right and balanced. It takes out all the noise and breaks the news down to specifics and judges the reliability of the source.
wealthy people are always ahead and more strategies on their businesses...
Theyâre most likely trading a lot of systemic HFT edges across multiple markets/ products at the same time. Sorta like market making. Theyâre not price or direction sensitive itâs just flipping a coin that lands on heads 60% of the time multiplied by algorithms that trade different strategies
But Simons could never have those returns if he had to manage as much money as Buffet does.
True. Only works at certain scale otherwise you move the market
No one would have had those good returns had government not printed up money and push it into the m2 money supply. Also government borrowing 34 trillion dollars pushing it out in to the system helped a lot.
Money trickles up ,not down folks.
@@dannypowers4995 well duh
He crushes it
This is VERY EASY from a retail or individual perspective! It becomes HARD when your using BIG money! Money you couldn't understand taking days/weeks and months to get in and out! There is the Liquidity part to overcome at that level, even using the Entire market! Double Triple Etf's in accordance to each position! I dont think most really understand this!!
They have a fund that the the public can join & it's performance is abysmal
Itâs a front for the government. Thatâs why it performs well.
They didn't want to pay taxes from what I have heard.
Nobody wants to pay taxes and see their money squandered by wasteful government spending.
Nice
It was insider trading. He had the Batman phone. His software was his second tool.
It's very rare I'm speechless PBD. That is a BONKERS return!!!!
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