"From 1988 to 2018, Medallion returned 66.1% annually before fees. Net of fees, the gains were 39.1%. Est. trading profits during those 30y amounted to $104.5 billion."
How Jim Simons built the world's most lucrative black box
"Robert Mercer is a preternaturally calm and measured scientist, brilliantly rigorous and evidence-based in all things market-related. Yet outside of mathematics, he believes the wildest unfounded conspiracy theories."
Will America's Billionaires Start a Second Civil War?
"The aftermath of Mercer's political activities resulted in an uprising within the firm from David Magerman, one of the creators of the hedge fund's trading system."
"Each time, forces of massive accumulated or inherited wealth have nearly succeeded in taking full control of our nation, replacing a democracy, where the will of the people is accomplished through their elected representatives, with a form of government where most government functions reinforce the power, wealth and control of the morbidly rich. Because the oligarch’s campaign is now international, a third world war is not impossible, particularly as China allies itself with the oligarch-controlled nations against those that are still nearly functioning democracies."
"The PROMIS scandal lives on according to a recent FBI FOIA response. The affair centered around the government’s theft of the PROMIS software, a forerunner to the infamous PRISM, and the far-reaching fallout which allegedly included everything from fraud, to covert operations and surveillance, to Danny Casolaro’s mysterious death, and remains the subject of an investigation decades after the Department of Justice declared the matter officially closed."
"The function of the US military is to intimidate other countries into letting the US buy whatever it wants by printing US dollars as needed, essentially robbing the rest of the world at gunpoint. Once their ability to intimidate the world into submission is gone so will be their ability to endlessly fleece the planet. And once that ability is gone all that will remain of the “richest country in the world” is a pile of worthless paper."
And some loosely related fun high weirdness:
"Understanding “the Octopus” is like the old story of the blind men trying to comprehend their first encounter with an elephant: the parts you touch can appear to be completely different and totally unrelated."
"This provocative book makes a compelling case for a hidden “deep state” that influences and often opposes official U.S. policies. Prominent political analyst Peter Dale Scott begins by tracing America’s increasing militarization, restrictions on constitutional rights, and income disparity since World War II."