A case study from The Man Who Solved the Market: the mathematician who fixed Medallion's model, then sold his stake for six times his cost, just before it went through the roof.
Elwyn Berlekamp rebuilt Medallion around trades held a day and a half, lifted the fund 55.9 percent in 1990, then sold his stake to Simons for six times his cost and went back to Berkeley, thinking it a steal.
On the book: The Man Who Solved the Market by Gregory Zuckerman
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The Man Who Solved the Market
Portfolio · Jan 1, 2019
