On Wed, Apr 16, 2008 at 8:00 PM, John Young <jya@pipeline.com> wrote:
... "James H. Simons, a gambler and quant fund derivative facade code maker who uses complex computer models to trade, earned $2.8 billion. His flagship Medallion fund returned 73 percent."
and next year (or maybe the one after that, or ... you get the idea) ... he blows up. viva las vegas!
What could NSA do in the market with its acres of computers and thousands of cryptologists?
not nearly as much as the fed or congress. NSA has big ears for spear fishing the shiny little targets; when you have the power to shift the foundation upon which the market(s) sit, you don't even need to aim that blunt force trauma instrument. reserve currency status can't buffer the sheer magnitude of fiat spewing forth in debt and circulation...
To be sure, Simons might just be stealing data in the NSA way and covering it up with the tall tale.
nassim taleb has an informative explanation. for every james simons there are two bear stearns.
Financial cryptography is not be trusted.
financial cryptography is only as useful as the monies it moves. fickle fiat fads are fools gold in any shape or suit. best regards,