Jane street capital smells like cathie wood. They seem to deploy the same strategy of deep convictions based on their homework done and emerged as victors. Of course, there are also complex strategies involved.
If AI can truly emerge superior, I think many of the interns will lose their jobs. Money can now be made at a lower cost. I don’t see AI being able to replace firms like Jane street. The human is still required to ensure that the output makes sense before deploying it. Afterall, it is better to be safe than sorry especially with such huge funds involved. I won’t follow their holdings as usually the train would have left when they announced their holdings. I think it would be easier to invest in these firms instead.
Financial advisors are still relevant to those who do not have time or the technical know-how to manage their funds. For those who know, there is no need for financial advisors as many products are openly available.
$20B in Profits in 6 Months … Could You Trade Like Jane Street?
In 2000, a little-known proprietary trading first was founded-Jane Street Capital. Last year marked the fourth considerable year Jane Street achieved net trading revenue over $10 billion, and in the first half of this year, it made $20 billion in profits, easily outperforming giants like Goldman Sachs.
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