> running this sham for 30 years sounds less plausible to me than beating the market the boring way.
I agree that a sham seems unlikely. But to this specific point, didn‘t Madoff‘s scheme run for several decades? Wasn‘t he even made NASDAQ chairman or sth at some point?
I think multi-decade frauds are definitely possible.
My own pet conspiracy theory about Rentec is rather that Simons was a cryptographer so maybe there was/is some actual hacking involved at some point in the pipeline. I say this, of course, with zero nonpublic information and on the basis of nothing. The stated numbers are just so incredible, it boggles my small mind
I agree that a sham seems unlikely. But to this specific point, didn‘t Madoff‘s scheme run for several decades? Wasn‘t he even made NASDAQ chairman or sth at some point?
I think multi-decade frauds are definitely possible.
My own pet conspiracy theory about Rentec is rather that Simons was a cryptographer so maybe there was/is some actual hacking involved at some point in the pipeline. I say this, of course, with zero nonpublic information and on the basis of nothing. The stated numbers are just so incredible, it boggles my small mind