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[Lucky Luciano]

14. Well...not exactly simple interest...

Closer to simple than compounding sure. I imagine it is closer to compounding when you are small, but once you get bigger, there is little choice, but to be forced to take a redemption. Also, I think there may be a thing about taking turns being invested from what I heard. Nobody outside of Renaissance really knows the rules for how much you are allowed to have invested at one time, so it is opaque...there are a LOT of multimillionaires there though, so fair to say that the returns are incredible. Never losing in 30 years alone is a good thing.

So even if it is only 11% per year with simple interest as the right model - I will take that any day of the week if you never lose!! Profits divided by the standard deviation of the profits is very high - insanely high. That ratio called the Sharpe ratio is incredible at Renaissance.