[specialist]

IIRC, their ELI5 testimony to the Senate (not the one you linked elsethread) is that RenTec's long-term strategy is to make a small profit over many many transactions. Versus buy and hold, or value invest, or whatever.

I don't understand anything about finance. That said, it sounds to me that RenTec is (or portraying themselves as) a classic volatility based hedge fund.

(A good friend is a hedge fund trader. He has tried to explain the maths to me a few times. Something something about Brownian motion, NPV, predicting herd migration. Alas, I am but a simple bear.)

But all their data collection gives me pause. I do think they they're better at spotting market signals. Like using FourSquare check-in location data to predict retail performance. Like using a VPN to spy on users to spot emerging competing startups.

My pet theory is that RenTec's play is restraint, to be patient slow capital. Even though they (probably) have data for bonanza predictions, like your NVDA example, they some how have the discipline to eek out modest profits, preferring consistency over riding the tiger.