Reflections on Investing

Ep56: The Medallion Fund vs Market Efficiency


Listen Later

Professor and Nobel Prize winner Eugene Fama put forth the efficient market hypothesis and based on that concept Warren Buffet suggested that holding a passive investment in the S&P 500 was the best advice for most investors. If the market were efficient and if passive investing was best for everyone, how can that be reconciled with the performance of Jim Simons' Renaissance Technologies Medallion fund.

...more
View all episodesView all episodes
Download on the App Store

Reflections on InvestingBy Cornell Capital Group LLC