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Good Morning!
All eyes are on the Bank of Japan, whose recent intervention is starting to wear off, and the Yen is beginning to fall again. The question is, how much will they intervene this time?
Also, sadly on Friday last week, the “Quant King” Jim Simons, passed away.
Grab your coffee and we’ll break it down! ☕️👇️
Markets
$1 Crypto Stock Just Disrupted the Industry
Iron-fisted regulations on bitcoin mining loom over the industry, as high energy consumption leads to concerns about its environmental impact.
And this carbon-neutral mining stock has positioned themselves to take over.
In many cases… they already have.
Read Bullseye Trade to learn more.
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Billionaire Quant trader, Jim Simons, dies at 86
Jim Simons, the renowned mathematician turned billionaire investor, has died at the age of 86. Known for his groundbreaking work in quantitative finance, Simons transformed the investment landscape through his firm, Renaissance Technologies.
Over the decades, Simons, a former Cold War code-breaker, carved a niche for himself by applying complex mathematical algorithms to trading, earning the moniker "Quant King". The business was a pioneer of quantitative trading strategies that paid off famously for its flagship Medallion Fund.
The flagship Medallion fund ejected external investors in 2005, only allowing investment from its own employees. The secretive firm expanded its assets by tens of billions of dollars over the years, managing $60bn in 2021.
Its flagship Medallion Fund produced gains of more than $100 billion and average annual returns of 66%, before the firm’s outsize investor fees, between 1988 and 2018
The annual gains were 39% after those fees — beating Buffett, George Soros, Peter Lynch and other investors over that stretch, according to Zuckerman.
JIM SIMONS ON HOW TO BEAT THE STOCK MARKET
( IN UNDER 5 MINUTES )
— GURGAVIN (@gurgavin)
4:00 PM • May 11, 2024
Our Recommendations:
💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.
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