Mercer-GOP $$$ Man: "There are no white racists in America today, only black racists"

[kpete]

Last edited Fri Mar 17, 2017, 10:38 PM - Edit history (1)

Essential. This is the biggest financier of both Trump & Breitbart.

http://www.newyorker.com/magazine/2017/03/27/the-reclusive-hedge-fund-tycoon-behind-the-trump-presidency

[Panich52]

1. Guess he never met, or heard of, our new USAG...

[GulfCoast66]

4. he has never met

or heard of my extend family!

[Panich52]

5. Or any of SCROTUS' cabal

[Chasstev365]

2. Kochs on steroids!

How did they make their billions anyway?

[Lucky Luciano]

3. He was an ibm research scientist until he was 46.

A prolific publisher of research before he went to the most spectacular hedge fund ever:


https://www.researchgate.net/profile/Robert_Mercer4/publications

His artificial intelligence skills made me worry about Cambridge analytica.

He was a true genius. He pretty much invented speech recognition technology. He figured out that statistical techniques were better for teaching a computer to understand language than anything else. A true data scientist before the term existed. He publush d a seminal paper on the topic in the early 90s.

Then Jim Simons recruited him to Renaissance Technologies while he was trying to put his three daughters through college. Renaissance in the last 30 years has earned roughly 40% returns with only one negative quarter. The most successful hedge fund ever by far. Mercer's statistical techniques and computer skills played a large part.

Jim Simons retired in 2009 and remains chairman, but made Mercer co-CEO. Simons contributes to democratic causes.

I went to high school with Mercer's daughters when they were merely middle class schnooks like the rest of us. My dream job is to work at Renaissance, but I am a mere schnook doing quant work for a different fund. There are two categories of hedge funds. Renaissance and all the rest.

[Chasstev365]

6. Wow: Thank you for filling me in!