How a Mathematician Became the Greatest Trader of All Time

Newsthink is produced and presented by Cindy Pom

Thank you to our Patrons, including:
John & Becki Johnston
Igli Laci

Special thanks to the following for permission to use their material:

Select images/video supplied by Getty Images and Alamy.

Sources:
3:35 Leonard Banks, CC0, via Wikimedia Commons
5:39 German ledger: RaphaelQS, CC0, via Wikimedia Commons
7:27 Data derived from both Greg Zuckerman's book and Cornell Capital Group (58% net return)

[jose_bochazo]

It's funny how I used to think every investor went broke during recessions, meanwhile some made millions. I also thought everybody went out of Business during the Great Depression, but some went into business. Bottom line, there's always Depression for some and profit for others, it all starts from having the right Mindset. That said, I've set asides part of my savings to invest for future. Unfortunately I'm a complete Noob.

[MrsStephanie]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[rachelonigirl]

I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850, 000. Reliable inputs please.

[SloanJane-xpkr]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?

[JacksonMiley-iqmo]

I can never catch a break in the stock market. I was up by nearly $4000 but I regret not selling sooner. I think I am too impulsive and not fast enough at the same time.the Market is too volatile.

[Beatricegove]

The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.

[frankedwardark]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[stephenselton]

Your videos have been great!! I am one of your viewers and have been watching your videos lately. I would like to invest but I still can't seem to find the right investment to commit to. I would appreciate any help here.

[Jeffrey_Ambrose]

I had problem comprehending trading in general. I tried watching other YouTube trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow

[elizabethcooks]

Adding Bitcoin in your investment portfolio can enhance variety. Bitcoin's market behavior is often distinct, which can help minimize overall risk. This is one reason investing in bitcoin is advisable.

[zuko_thecat]

“How this investor made millions”

“Their ways are kept secret and all employees need to sign an NDA”

[LoriMarie-pdvl]

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

[AliceAnderson-inet]

Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time

[biankabrodeur]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[RaymondcrawRaymondCrawley]

Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.

[dudea]

Medallion fund capped out decades ago at ~$10B working capital, so their returns are not *compounding* returns, and they have to take extra cash out. This is because they do short-term trading and there is only so much alpha to capture in that timeframe. So you cannot compare a 34% non-compounded return with a 25% compounded return. Heck, even a mere 10% compounded return will eventually beat a 34% non-compounded return given sufficient time. That said, yes he is probably the best trader out there. They call him the Quant King for a reason.

[xela]

Renaissance Technologies being "under review by the IRS over a loophole that saved their fund an estimated $6.8 billion in taxes over roughly a decade. In 2008 Medallion made 80% profit while RIEF lost 16%. “Learn the rules like a pro, so you can break them like an artist.”

[mcsub]

they live, they become successful yet most of the world don't know a thing about them so there comes you, it feels like watching a movie, great work!

[DemandLachlane-nslj]

80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.

[mtuupzj]

Its so dumb that medallion solved the market but refuse to announce their findings. Imagine the ground breaking discoveries waiting in Medallion doors