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Does anyone know how D.E. Shaw has fared over the last few weeks? As badly as some of the other quant funds? Or better because they do so many other strategies/are just smarter than everyone else?
Smarter than everyone else? Certainly a nice thought, though it smells an awful lot like LTCM-thinking...
"Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes
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