Wall Street’s Biggest Secret (The Medallion Fund)

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  • Опубликовано: 14 июн 2024
  • Wall Street’s Biggest Secret (The Medallion Fund)
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    ofdollarsanddata.com/medallio...
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    *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Комментарии • 337

  • @battlefield5826
    @battlefield5826 5 месяцев назад +238

    I bet I can bring it down 50 % as soon as i invest in it

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +43

      🤣 the true test of the fund

    • @ferr0gan
      @ferr0gan 5 месяцев назад +9

      Hands down best comment of this month

    • @sintay8002
      @sintay8002 5 месяцев назад +1

      Just only put in a dollar (if that’s possible) and watch everyone else lose money

    • @myxalplyx
      @myxalplyx 5 месяцев назад +1

      Start your own Medallion Fund Short ETF after u put your money in. 😝

    • @newvideoplaylist
      @newvideoplaylist 5 месяцев назад

      😂😂😂

  • @Monzt3r
    @Monzt3r 5 месяцев назад +65

    "I gave almost all of it away" he says with a straight face while his net worth sits at $30.7B from a private fund.

    • @GUNNER67akaKelt
      @GUNNER67akaKelt 5 месяцев назад +32

      Which maybe says more about how much he gave away...
      Maybe if he hadn't, he'd make Musk look like he was just 'sorta' rich.

    • @randyosborne3971
      @randyosborne3971 5 месяцев назад +3

      He walks and talks and looks like Bernie Madoff. The one trait they all participate in that gives them away? They are HUGE in philanthropy.

    • @nestosauce
      @nestosauce 5 месяцев назад +3

      $30.7B is the low end of what he could have had

    • @momentumstocks3493
      @momentumstocks3493 2 месяца назад

      LOL.....they are trained to act like this

  • @YaBoiBond
    @YaBoiBond 5 месяцев назад +60

    " We can't put a lot of money in it or we will push the markets too much." I took that as he pushes the markets a little and that is probably all you got to be able to do to obtain that sliver of an edge.

  • @jareda8943
    @jareda8943 5 месяцев назад +135

    i clicked on this because of the thumbnail. nailed it.

    • @daviddominguez7545
      @daviddominguez7545 5 месяцев назад +3

      Lol yeah, thats was pretty extraordinary lol.

    • @maranpakeer
      @maranpakeer 5 месяцев назад +3

      Same lol

    • @broken_casper
      @broken_casper 5 месяцев назад

      I clicked it bc it said wall st 😭

    • @camaranpayne5355
      @camaranpayne5355 5 месяцев назад

      ​@@broken_casper Um

    • @633ohioc
      @633ohioc 4 месяца назад

      I see what you just did there with your comment

  • @unknownwarrior5672
    @unknownwarrior5672 5 месяцев назад +12

    Please do more of these Andrei, they’re entertaining and educational at the same time!!

  • @AlessandroBottoni
    @AlessandroBottoni 5 месяцев назад +32

    Great video, congratulations! Jim Simons, Renaissance Technologies and Medallion Fund are well-known and deeply investigated topics, so it is very hard to make a new, stimulating video about them. You just succeded in doing it.

  • @lcbtcethada3957
    @lcbtcethada3957 5 месяцев назад +21

    Thank you Andrei! You truly are one of the best at educating everyone that wants to learn about the finance world as a whole.👍👍

  • @ironspider9280
    @ironspider9280 5 месяцев назад +24

    Hands down, this was the coolest and most interesting finance video that I've ever seen. Well donee!!

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +5

      Glad you enjoyed it!

  • @MatthewKehn187
    @MatthewKehn187 5 месяцев назад +3

    Andrei…😮 I’ve been reading this book for the last couple days. Great book. Great video!

  • @ritualgentle904
    @ritualgentle904 5 месяцев назад +2

    Great video, not much value, but still a great watch
    Thanks for being consistent Andrej

  • @light0000
    @light0000 5 месяцев назад +8

    Amazing video. Thank you for this information. Your story telling and pace and everything is so on point i could watch this again.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +2

      Glad you enjoyed it!

  • @jackreign67
    @jackreign67 5 месяцев назад +36

    Been watching Andrie for years and this was by far one of the most interesting and entertaining videos I have ever watched. Thank you for all educational and fun videos you create . I really respect and appreciate all the time and effort you put into your content. Thank you again

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +7

      Appreciate the kind words, I worked hard on this one, so it took me a while but I had a blast with it

    • @dollarbill9073
      @dollarbill9073 5 месяцев назад

      Great job!@@AndreiJikh

  • @maui2erika
    @maui2erika 5 месяцев назад +3

    YOU describe the most complicated subjects in a way that is easy to understand. Thank you Andrei - ALOHA from MAUI

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад

      Wow, thank you! BTW, I love Maui! Hope you're well!

  • @ncaaplayoff6714
    @ncaaplayoff6714 5 месяцев назад +24

    If I would have had $1 back in 1988, I would have bought a cheeseburger from McDonald's.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +3

      How many cheeseburgers is that?

    • @MrWho007
      @MrWho007 5 месяцев назад +2

      One, they were like $1 forever until recently

    • @DavidAlmaguer
      @DavidAlmaguer 5 месяцев назад +1

      @@AndreiJikh200 diabetes

    • @ncaaplayoff6714
      @ncaaplayoff6714 5 месяцев назад

      @@AndreiJikh - one. they were like 95 cents back then

  • @jackcarlos
    @jackcarlos 5 месяцев назад +1

    Damn super cool. Refreshing video compared to all the "FED RATES GO UP/DOWN" videos

  • @BrianSchoedel
    @BrianSchoedel 5 месяцев назад +1

    Good book recommendation! 📈 nice fifty fathoms.

  • @muhammadc8224
    @muhammadc8224 5 месяцев назад +13

    Appreciate the hard work and research you put in week after week, providing us with this insightful content!! 261 viewer

  • @puravidaot
    @puravidaot 5 месяцев назад +5

    Appreciate your content and honesty

  • @jamesbubbastew
    @jamesbubbastew 5 месяцев назад +3

    I just found out about Jim Simons yesterday and their you are Andre posting a video. Perfect timing! 😊

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +3

      Perfect!

    • @jamesbubbastew
      @jamesbubbastew 5 месяцев назад

      If only i found out about him in 1988 😂
      Thanks the reply mate! Keep up the awesome content 💪💪

  • @robmontana4971
    @robmontana4971 5 месяцев назад +1

    Fantastic video Andrea…I was glued to the screen! Thank you.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад

      Glad you enjoyed it!

  • @mikester74
    @mikester74 5 месяцев назад +2

    Very interesting video!
    I really enjoyed!
    Thanks Andre

  • @clifcody
    @clifcody 5 месяцев назад

    Well done video! Laid out the context very well

  • @LookNowLookBackNinja
    @LookNowLookBackNinja 5 месяцев назад +34

    Thank you for this lesson in history Andrei. Great work and very entertaining as always!

  • @yourstruly5DA
    @yourstruly5DA 5 месяцев назад

    Commendable presentation and story-telling

  • @GS_STRATEGIES
    @GS_STRATEGIES 5 месяцев назад

    Amazing video. Thank you for making this.

  • @xuandong8513
    @xuandong8513 5 месяцев назад +2

    Still not getting why using leverage can limit their losses..

  • @timothyblazer1749
    @timothyblazer1749 5 месяцев назад +11

    What's important to understand as well is that computing and data in 1988 was orders of magnitude less than now. This means that medallion, at least during the first decades, was NOT using big data. They were using MATH. They found some set of mathematic principles that created their success.

    • @someonethirsty1957
      @someonethirsty1957 4 месяца назад

      They did. Reading the charts is probably the hardest part, although some of it is probably a lot less complicated than you think. There was a guy that used to be on RUclips called the popular investor. The last project he was working on before he got rid of his channel was creating a fund better than the s&p. I don't remember what criteria he was using to create the ETF, but it was not terribly complex. Some reasoning that makes sense.

    • @momentumstocks3493
      @momentumstocks3493 2 месяца назад

      So is it breaking down now?

    • @momentumstocks3493
      @momentumstocks3493 2 месяца назад

      ?????? WHAT@@someonethirsty1957

    • @timothyblazer1749
      @timothyblazer1749 2 месяца назад

      @@momentumstocks3493 no idea. I have no visibility into their method. Wish I did :-)

  • @robtimothyfletcher5957
    @robtimothyfletcher5957 5 месяцев назад +2

    Boom! Great video topic. Thank you Andre

  • @myxalplyx
    @myxalplyx 5 месяцев назад +51

    At this point, the Medallion Fund IS the anomaly. They are the fund that pushes things a little this or that way to bring the results.
    The Market Maker's market maker.

  • @Orange949
    @Orange949 5 месяцев назад +2

    Good one Andrei.

  • @ckcondorcet
    @ckcondorcet 5 месяцев назад +2

    Great editing, thx! All the best for a formidable 2024 from Germany!!

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +1

      Thank you very much!

    • @MrWho007
      @MrWho007 5 месяцев назад

      Germany is going down the toilet in 2024 along with the EU. Thank God for Brexit !

  • @WormHat
    @WormHat 5 месяцев назад +1

    Great vid! Awesome watch btw

  • @someonethirsty1957
    @someonethirsty1957 4 месяца назад

    Glad to see your finally learning the efficient market hypothesis is incorrect.

  • @manuelfuentes9382
    @manuelfuentes9382 5 месяцев назад +1

    Great book

  • @MiguelArciaCaballini
    @MiguelArciaCaballini 5 месяцев назад +2

    Love andrei because he doesn't recycle his material like his good friend Graham stephan putting out the exact same video every week. Keep up the great work Andrei!

  • @lilychiang12
    @lilychiang12 5 месяцев назад +3

    I enjoyed this video and am going to get the book.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +1

      Hope you enjoy it!

  • @2LiL-BiT
    @2LiL-BiT 5 месяцев назад +1

    Absolutely fascinating!

  • @supercruchynoodle
    @supercruchynoodle 5 месяцев назад

    I just majikhally realized that Andrei is wearing my favorite watch - swatch diving watch ❤

  • @CodyKoehler
    @CodyKoehler 5 месяцев назад +4

    I feel like the odds of this are crazy. But literally today I was talking about the medallion fund to someone at work, which is not a normal occurrence. And now I come home and see you posted a video about it yesterday. Life is strange, gotta love it.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +1

      That's pretty crazy!

  • @daviddominguez7545
    @daviddominguez7545 5 месяцев назад +1

    Talk about the Benner cycle chart and its predictions please.

  • @sgonged
    @sgonged 5 месяцев назад +3

    What?!?!??! You did it!!! :)
    Your explanation of the Medallion Fund is very well done! So Awesome!!! 😀😀😀

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +2

      Yes! Thanks for the comment haha, it was inspired by the comment you left

    • @phance
      @phance 5 месяцев назад +1

      Thanks for leaving the comment! Such an awesome video

  • @MikeWalksWithJesus
    @MikeWalksWithJesus 5 месяцев назад +1

    Good video, thanks

  • @talhasiddiqi5993
    @talhasiddiqi5993 5 месяцев назад

    Great video. Enjoyed it. Learned a few new things.

  • @JonnyBetz
    @JonnyBetz 5 месяцев назад +2

    This was awesome. 🤙🤙🔥🔥

  • @randybloomfield5090
    @randybloomfield5090 5 месяцев назад +1

    So it would expose the flaw in Fiat 🤔 love this one brother 👍

  • @masterwatch
    @masterwatch 5 месяцев назад

    I am liking your watches, I have a feeling you're a watch guy. When I fly over the pond I will come do a video if that is ok with you.

  • @bairfreedom
    @bairfreedom 5 месяцев назад

    Interesting and fun video! Thanks!

  • @NoFluffRC
    @NoFluffRC 5 месяцев назад +1

    Great video, thanks!

  • @travistarr9433
    @travistarr9433 5 месяцев назад +1

    RUclips algo spot on with this recommendation

  • @habibs4194
    @habibs4194 5 месяцев назад

    finally! something good

  • @JIYkp
    @JIYkp 5 месяцев назад +1

    Dang, I wonder what it would take to recreate even a little of this.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад

      A lot of mathematicians, data, and a few billion to start with :P

  • @cristobalcardona4135
    @cristobalcardona4135 5 месяцев назад +1

    Informative!

  • @cristobalcardona4135
    @cristobalcardona4135 5 месяцев назад

    Andrei this was informative, but II appreciate more ideas on how to, hypoteticlly than info on a FunI cannot invest!

  • @saba7856
    @saba7856 5 месяцев назад +1

    you are amazing

  • @ryanl3812
    @ryanl3812 5 месяцев назад

    Fascinating.

  • @yeaplye9080
    @yeaplye9080 5 месяцев назад +1

    Feeling like listen to this clip equal to not listening 😂😂

  • @Jfcurr
    @Jfcurr 5 месяцев назад +1

    Andrei make a video of the benefits/differences between buying the Bitcoin ETF and buying in Coinbase and sending to cold storage. Specially when it comes to fees for accounts under $100K.

  • @Kate-fn8rj
    @Kate-fn8rj 5 месяцев назад

    Fascinating information! Thanks, Andrei

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад

      Glad it was helpful!

  • @hrt34tr
    @hrt34tr 5 месяцев назад

    Yes, please provide the guide you mentioned.

  • @sailingonasummerbreeze7892
    @sailingonasummerbreeze7892 5 месяцев назад +1

    Fascinating!

  • @desmondiaia34
    @desmondiaia34 5 месяцев назад

    Amazing video!

  • @saradtomlinson764
    @saradtomlinson764 5 месяцев назад +1

    “Margin of error” good one haha

  • @geofratiloiu5181
    @geofratiloiu5181 5 месяцев назад +2

    Love your watch!!! Where did you buy it from?

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад

      Thanks! My mom actually gave it to me for my birthday! Blancpain X Swatch

  • @coreyperez9580
    @coreyperez9580 5 месяцев назад +1

    AMAZING

  • @user-wi3bd7cp6j
    @user-wi3bd7cp6j 5 месяцев назад

    Great video

  • @jasdeepsingh791
    @jasdeepsingh791 5 месяцев назад +3

    I’m going to apply to be the janitor at renaissance technologies 😂 I must have access to this fund

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +1

      haha let me know if you get in, I'll help with mopping!

  • @marcusaurelius2013
    @marcusaurelius2013 5 месяцев назад +4

    Clearly a time traveler is behind this

  • @bobcurran4236
    @bobcurran4236 5 месяцев назад +1

    Andrei, great video name of book mentioned in here ,please, ty...

  • @d02575575
    @d02575575 5 месяцев назад

    Awesome video

  • @kennethporst4359
    @kennethporst4359 5 месяцев назад +1

    SO COOL

  • @NikolajKuntner
    @NikolajKuntner 5 месяцев назад +7

    Every theoretical physicist and many a mathematician knows Simons from gauge field theory, which is what he did before. I talk about him in videos, but never so far in relation to finance. It's also the case that he had two sons die at adult age. Sports accidents and so on. Money can turn out to be a bit of a curse sometimes.

    • @BigHotSauceBoss69
      @BigHotSauceBoss69 5 месяцев назад

      his short speech at the end goes to show you how much the money meant to him at that moment. nearly nothing.

    • @NikolajKuntner
      @NikolajKuntner 5 месяцев назад +1

      @@BigHotSauceBoss69 I'm familiar with both the cited interview (Brady from numberphile) as well as the speech given at the event. I gotta say, I'm always a bit skeptical regarding the giveaway claims. It might well be genuine, but surely often those money pipelines, Simons foundations in his case I think, is motivated by the tax law.

  • @avarahnama
    @avarahnama 5 месяцев назад

    Wow 🤩 thanks 🙏

  • @LovesGrilling
    @LovesGrilling 5 месяцев назад +3

    This level of quant computing didn't exist in the 90s.

    • @AndreiJikh
      @AndreiJikh  5 месяцев назад +1

      As far as the public is concerned, but at least in the financial sector it seems like it was around (at least in the beginning phase of it)

  • @kingkole6179
    @kingkole6179 5 месяцев назад +1

    The wolf of wall street is my favorite movie so I had to watch this video

  • @dabeage
    @dabeage 5 месяцев назад +1

    It begs the question I've always wondered.....how much is enough? I mean if you have a goal, great; but then, after?

  • @jimmbear3998
    @jimmbear3998 5 месяцев назад

    Can you do a video on Bonk?

  • @Hs5687
    @Hs5687 4 месяца назад

    Interesting 😊

  • @davidblackmon7922
    @davidblackmon7922 5 месяцев назад +8

    My favorite RUclipsr ever!

    • @rawlvee
      @rawlvee 5 месяцев назад

      same here

  • @cesarrocha3138
    @cesarrocha3138 5 месяцев назад +1

    Wow 😮

  • @sebastiantoro584
    @sebastiantoro584 5 месяцев назад +2

    Will you ever trim your dividend portfolio or just leave as is forever ?

  • @playdead09
    @playdead09 5 месяцев назад +3

    Huh I thought it was going to be about taxi medallions. Those things sky rocketed but I imagine they are down these days with ride share.
    Edit: just checked. Chicago medallions went for 350k in 2013. Today they are worth about 10k. 😢

  • @dtesta
    @dtesta 5 месяцев назад

    Funny that you showed Peter Stormare (a Swedish guy) when you did your Russian accent :)

  • @CryptoChef99
    @CryptoChef99 5 месяцев назад +2

    How did u find all of their financials but people like us can't use it

  • @Daretobepresent
    @Daretobepresent 3 месяца назад

    interesting!

  • @bravetraveler1985
    @bravetraveler1985 5 месяцев назад

    🔥🔥🔥

  • @sid35gb
    @sid35gb 5 месяцев назад +6

    The scary thing is the AI revolution could kill investing. Because if he is only looking for subtle mathematical patterns a properly configured AI should be able to do the same and some muppet will figure it out and break the market. All the big financial companies are investing in AI so at some point it will hit critical mass.

  • @TheDestineyAngel
    @TheDestineyAngel 5 месяцев назад

    So they are the ones eating when my options expire worthless.

  • @Alexandertygreat
    @Alexandertygreat 4 месяца назад

    With options you can take these bets and make 5-20 even 40x some times. And 50% win percentage is amazing when your loses are tiny compared to wins.

  • @DavidAlmaguer
    @DavidAlmaguer 5 месяцев назад +2

    I wonder if they invested in Enron and knew when to pull out. A warning like that could’ve saved people’s retirement

  • @jamesfrederick.
    @jamesfrederick. 5 месяцев назад +1

    i knew it

  • @catomoose
    @catomoose 5 месяцев назад

    time travel

  • @Carl-lb2sd
    @Carl-lb2sd 5 месяцев назад +1

    Was shorting the market a big deal in 1988?

  • @mikek3124
    @mikek3124 5 месяцев назад

    First five minutes sound like Bernie Madoff

  • @Soxandnicole
    @Soxandnicole 5 месяцев назад +6

    I can't help but thinking Ponzi scheme. Or too good to be true.

  • @DAVENATCHSTOCKS
    @DAVENATCHSTOCKS 5 месяцев назад

    ✍🏾📈

  • @Astepatatimekvarn
    @Astepatatimekvarn 5 месяцев назад

    Ouch, my 👟👟 shoe is ticklish ooh😮

  • @MJXtube
    @MJXtube 5 месяцев назад

    Thanks for sharing, but how does this help us grow wealth?

  • @Brian-Dean
    @Brian-Dean 5 месяцев назад +1

    That's not the actual definition of EMH, it's the popular misconception.

  • @ignacioucero6090
    @ignacioucero6090 5 месяцев назад

    interesting story...but the simplest answer is almost always the right one...they just have connections and were betting on the winning horse.

  • @mrborisak
    @mrborisak 2 месяца назад

    I thought medallion fund percentages are not able to compound, it's a closed fund