How I think about Jim Simons' legacy, and a trade on one of the most successful retailers, Costco, follows.
First, a contrarian view in Costco: Costco (COST) is one of the best performing retailers over the past year.
Last week, Costco released their four-week retail sales results for the period between Monday, April 8th and Sunday, May 5th.
There is only one thing I don't like about Costco, the price.
The weak form suggests past market prices, which are generally observable, are fully reflected in stock prices.
Persons:
Jim Simons, that's, Jim, James Surowiecki, Francis Galton, Eugene Fama
Organizations:
Costco, Fund
Locations:
Costco, U.S, New York, Surowiecki