What did Robert Mercer of Rennaissance Technologies mean when he said they were “100% right 50.75% of the time?

Does anyone know what he’s saying here? This obviously is the most successful trading strategy in history–no one I can think of has come close to matching the returns of Mercer and Simons. But how do they lose on almost 50% of their trades but still make so much money? Is there some kind of free throw numbers game going on here? And if there is, can someone break it down a little simpler?



View Reddit by Suspicious-Stop5231View Source

Leave a Reply

Your email address will not be published. Required fields are marked *