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Returns From the Bottom of Bear Markets

We are now in the 13th worse bear market since the late-1920s with losses just shy of 30%. It would take another 15% drop from here to get to a 40% loss. It would take another 30% drop from here to get to a 50% loss. I don’t know if this is going to happen and neither…

Talk Your Book: Greg Zuckerman on Jim Simons & Renaissance Technologies

On this Talk Your Book we spoke with the Wall Street Journal’s Greg Zuckerman about his new book The Man Who Solved the Market: How Jim Simons Launched a Quant Revolution.  We discussed: Zuckerman’s approach to writing this book Does Medallion have the greatest track record in history? The difference between Ren Tech and high-frequency…

Re-Framing the Next Downturn

It feels like people have been worried about the next recession every day since the last one was over. I get it. Recessions aren’t fun. But you can’t constantly remain in the fetal position simply because you know the economy and markets eventually have a downside. Here’s a piece I wrote for Fortune to provide…