Medallion Fund Literally Printed Money In the Last 30 Years
We all know that the secret to getting insanely rich is to accumulate assets and avoid liabilities. The tricky part is knowing in advance which asset gets us there faster. Before the technology boom, some may have picked San Francisco Real Estate and gone all-in, enabling them now to do a Cash-Out Refinance.
Others may have picked a relatively new asset like Bitcoin before the meteoric rise. It is rare to consistently beat the market by trading over a long period, predominantly liquid markets such as stocks or commodities. What if you could invest in a fund that had compounded annually at the rate of 63.3% over the last 30 years? Welcome to the secretive world of Renaissance Technologies and the Medallion fund.
