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The Fund Almost No One Was Allowed to Join — 1.3

  By the late 1980s, Renaissance Technologies had found something rare — a system that worked. But what happened next was almost as unusual as the discovery itself. In 1988, Jim Simons and mathematician James Ax launched Medallion, the fund that would eventually become the best-performing investment vehicle in modern financial history. Yet instead of opening it up to the world's wealthiest investors — the usual move for a fund posting extraordinary numbers — Renaissance did the opposite. Outside capital was slowly pushed out. By the mid-1990s, Medallion was almost entirely closed to outsiders, run overwhelmingly with the money of its own employees. This wasn't modesty. It was strategy. Simons understood something most fund managers ignore: statistical edges decay as more money chases them. A model that works beautifully on a few hundred million dollars can break down entirely at several billion, because the very act of trading a strategy at scale erodes the mispricings it dep...

When the Model Beat the Man — 1.2

When Jim Simons started Renaissance Technologies, most of Wall Street thought he was solving the wrong problem. Hedge funds in the late 1970s and 80s were built around people who could read balance sheets, interview CEOs, and forecast economies. Simons built something almost perverse by comparison — a firm that avoided hiring economists and traders altogether. Instead, Renaissance filled its ranks with mathematicians, physicists, astronomers, and cryptographers. People who had spent their careers finding faint signals inside massive, noisy datasets — cosmic radiation, encrypted messages, particle collisions — not people who had spent careers explaining markets. The bet was simple to state and brutally hard to execute: if markets have any repeatable structure at all, it will show up in the data long before it shows up in a story anyone can tell about "why." So instead of theories, Renaissance built models. Instead of predictions about the economy, it looked for statistical ...

The Quiet Guru of Wall Street: Wisdom in the Noise — 1.1

  Long before he became known as the most successful trader in history, he was solving problems most people can't even understand. He chaired a university mathematics department. Before that, he worked as a codebreaker for a U.S. defense think tank during the Cold War, using pure mathematics to crack Soviet codes — work he was eventually let go from after publicly criticizing the Vietnam War. Along the way, he co-developed a piece of geometry so fundamental it would later turn up in string theory and even condensed matter physics. This was not a man dabbling in numbers. This was one of the sharpest pure mathematicians of his generation. So why did he walk away from academia to start a hedge fund? He had a hunch that most of Wall Street was getting it backwards. Traders were relying on instinct, narratives, and "expert" judgment about companies and economies. He believed markets — chaotic as they looked on the surface — might actually contain hidden statistical structure, ...

METACOGNITION

The highest form of intelligence isn't IQ. It isn't logic, it isn't memory or speed. According to neuroscientists, the rarest intelligence is something entirely different. Most people never develop it, and those who do quietly outgrow everyone around them. The highest form of intelligence is metacognition. Core Definition The ability to think about your own thinking. Not reacting blindly, not running on autopilot, but observing your mind in real time. It means noticing your thoughts, questioning your reactions, interrupting emotional reflexes and updating beliefs instead of defending them. Neurological Basis Every time you say, "wait, why did I react like that?" Your brain starts changing. Neuroscientists found that when you observe your own thoughts, a region called the anterior prefrontal cortex activates. This region isn't for action, it isn't for emotion. It's for self-observation. Your brain literally turns its attention inward. Why It's Rare...

NIFTY - in the last 2 decades

NIFTY @ 17620 since Mar 2020 bottom, NIFTY performance. ~10000 points added within 18 months. In the last 20 years, it saw the 7 up waves, the latest one is the steepest In the last 20 years, it saw the 6 down waves. The last fall, was the fastest one, time duration wise (2 months) & the biggest one on the points-wise. (4919 points) but second-biggest on % wise [40%] .  

The Market Journey from 2008 to 2020

Exactly on this date, 12 years before (27th Oct 2008)  NIFTY made the bottom low of  2253   (The biggest downtrend of 66% from the top out high of 6357    on 08 .01. 08 )   From the bottom, so far, made the highest high  12431  on 20. 01. 20  Since 2008 bottom,   as of now appreciated 422%  &  peak return 452%      NIFTY 2008-2020 whereas in the same period the best return is given by BAJAJFINANCE  Peak Return  73500% and as of now return 46065%                               BAJFINANCE 2008-2020 and during this period another 121 stocks gave a return of 12 X to 196 X as on this date.                   

RELIANCE - after 108%, time has come to phase out

RELIANCE (1717)  -   From the March Bottom, as of this week, It gave a return of 108% within 3 months. This week high 1804.20, now the time has come to cool-off time being TOP OUT 1780--1810   expect to correct up to 1630--1600  and    1430--1400  *** In case, cross and close above 1780--1810 then  the ULTIMATE UPSIDE TARGET 2320--2360

the chinese bamboo tree

"Master your emotions and you'll master the market"

STAGES OF EMOTIONS L earning how market cycles operate can be extremely beneficial to your trading, understanding the true influence of fear and greed.  But... Controlling your emotions within the market is your main 'personal' objective, becoming an emotionless trader 90% of trading is pure psychology. It is the main reason why so many traders fail as they let their trading become over-ruled by their emotions, thus making irrational decisions.  Many traders will never overcome their inherent emotional biases, therefore you should seek to understand the range of emotions we may experience as investors and how it affects our interactions within the market.  1 . Optimism: A positive outlook encourages us about the future, leading us to buy assets.  2. Excitement : Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish.  3. Thrill : At this point, we investors ...

In FY 2018-19 only a dozen stocks gave triple-digit percentage up move.

Happy to see that out of the 12 stocks, identified and covered 7 stocks, even though not at the edge, something is better than nothing.

FY 2018-19 - 1200 stocks down by 5% to 97%

STOCK in %  % STOCK in alphapet % AIFL -97% 20MICRONS -22% EXCEL -92% 21STCENMGM -43% GAYAHWS -92% 3IINFOTECH -24% LEEL -92% 3PLAND -17% TARAJEWELS -91% 5PAISA -29% IL&FSTRANS -91% 63MOONS -6% ICICINXT50 -91% 8KMILES -85% NAGAROIL -91% A2ZINFRA -37% KSK -90% AARVEEDEN -45% MBECL -89% ABAN -64% GALLISPAT -89% ABCAPITAL -33% PUNJLLOYD -89% ACCELYA -31% ROLTA -88% ACE -32% KWALITY -88% ADANIENT -6% SCAPDVR -87% ADHUNIK -24% SUNILHITEC -86% ADHUNIKIND -25% NATNLSTEEL -86% ADLABS -84% 8KMILES -85% ADORWELD -15% WSI -84% ADROITINFO -50% ARCOTECH -84% ADSL -35% BYKE -84% ADVENZYMES -17% ...