Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6659494349186879489
#JimSimons: Precious Lessons in School of Hard Knocks? #SchoolOfHardKnocks #TheRoadNotTaken
Tom Davenport: My favorite nonfiction book right now is The Man Who Solved the Market about Jim Simons of Renaissance Technologies. Response to attached.
Simons and his team shouldn’t have been the ones to master the market. Simons never took a single finance class, didn’t care very much for business, and, until he turned forty, only dabbled in trading. A decade later, he still hadn’t made much headway. Heck, Simons didn’t even do applied mathematics, he did theoretical math, the most impractical kind. His firm, located in a sleepy town on the North Shore of Long Island, hires mathematicians and scientists who don’t know anything about investing or the ways of Wall Street. Yet, Simons and his colleagues are the ones who changed the way investors approach financial markets, leaving an industry of traders, investors, and other pros in the dust… *For all his insights and prescience, Simons was blindsided by much that took place in his life. That may be the most enduring lesson of his remarkable story.*
AIMLExchange.com We create the Digital Future™:
C4I-Cyber.com: Because the Future of the World Depends Upon It™:
C4I-Cyber™ Global Risk Management Network LLC: Rome, N.Y., U.S.A
.