May 29, 2020

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6 min read

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Most financial advisors would agree that any return that beats the market (which has seen an average annual return of 10.7% since 1871) is pretty darn good. From 1965–2017, Warren Buffett (through Berkshire Hathaway) enjoyed a 20.9% average annual return, and he’s historically one of the best investors in the world.

But did you know that the Renaissance Technologies Medallion Fund has gained 71.8% per year from 1994 to 2014, thriving through the Dot Com Bubble and the recent recession?

How did Simons and his team achieve such staggering returns? By using robots.

According to The Economist, robot trading now accounts for 35% of all stock market trading, 60% of institutional equity asset management, and 60% of all trading and investing overall.

Related: 10 Marketing Strategies to Fuel Your Business Growth

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Businesses and governments are mobilizing to fight COVID-19, and their top priorities have included stabilizing the workforce’s health, ensuring business continuity, securing liquidity, and maintaining supply chains. These are all efforts an organization relies on to ensure the effectiveness of its systems. But one important factor is often overlooked: the emotional health and effectiveness of the organization.

As New York governor Andrew Cuomo, who has emerged as a popular figure by virtue of his daily coronavirus press conference / therapy session, put it: “Call it psychological. Call it feelings. Call it emotions. But this is as much a social crisis as a health crisis.” People’s individual and collective feelings are the most powerful source of energy that exists in an organization — for good and bad. That’s why it is vital for organizations and governments to get in touch with and understand the fear, anxiety, and worry the virus is

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As Americans adjust to a work-from-home reality, tech companies are taking a stereotypically progressive stance on making those policies permanent. Facebook CEO Mark Zuckerberg said earlier this month that 50 percent of Facebook employees could permanently work from home in the next decade, and Twitter CEO Jack Dorsey told its employees they can work from home permanently unless their jobs require physically going to the office. 

So the next question those companies’ employees will likely ask themselves is natural: Why would I stay in the Bay Area if I’m not going into the office? Long the epicenter of tech in the U.S., the Bay Area has become prohibitively expensive for all but the highest-paid workers. Its housing costs are among the highest in the nation, and it’s gotten so

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Banking stocks have seen strong gains this week with the Nifty Bank index surging nearly 11 per cent in the last three trading sessions (starting May 23). In comparison, the Nifty50 is up 5 per cent.


The gains come after huge selling pressure and consequent under-performance of banking stocks since the start of March. The financial sector, banks and non-banking finance companies (NBFCs), are seen to be most impacted due to the lockdown. Which is why, the Nifty Bank lost 41 per cent between February 28 and May 22, compared to a 19 per cent decline in Nifty50 (see table). Some individual bank stocks had seen bigger losses, ranging 45 – 52 per cent; IndusInd Bank was down nearly 70 per cent, during this period.



“There were some institutions, which were selling financial stocks over the last month and a half.

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