The Algorithm Behind Jim Simons's Success
alchemy.substack.com
The Algorithm Behind Jim Simons's Success
The importance of carving a niche for yourself (Acquired): Jim Simons (RenTech) knew he would never be as smart as his fellow mathematicians, nor as savvy as his fellow traders. But he knew that having one foot in each world gave him a unique competitive advantage: being able to understand both cohorts and speak their languages.
Hasan Riaz added
sari and added
By definition, you will likely succeed a vanishingly-small percentage of the time, but—as the saying goes—that’s a feature, not a bug. The point is to venture—fistfuls of money in hand—at the furthest extremes of capitalism, hoping to stumble upon that rare, proper intersection of technology and commerciality.By design, most investments will miss t... See more
Tom White • This Time is Different
Tom White and added
In finance, however, you usually can’t just keep re-running a trading algorithm that makes money and get the same result.
Balaji Srinivasan • The Network State: How To Start a New Country
One thing I'm always on the lookout for with people. Are they moving quickly? Are they evolving quickly? In my view, at the end of the day, when you're betting on a founder, especially if the market's not super clear, what you're trying to do is, you're trying to predict that, that particular person will have as many shots on goal as possible
... See moreDaniel Gross • Finding Undiscovered Talent
Jay Matthews added
originator. It was also ideally suited for a crowd-based environment that could generate lots of well-performing but dissimilar quantitative investment ideas. As Fawcett told us, “The way I frame the problem for Quantopian is, ‘How do we maximize the probability that we’re going to discover lots of strategies that have low correlation and good stru
... See moreAndrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
- “You can know that something is the future long before the world actually accepts that it is. There’s a kind of dogged persistence that I admire from people who have a belief —a definite vision about what the world will look like —and they show up day, after day, after day, even though they get beaten down by the world.”
Anthony Pompliano • Writing for Leverage, Teenage Billionaires, The Problem with Mainstream Media, and More - David Perell on Off the Chain, Hosted By Anthony Pompliano • Podcast Notes
sari added
His skill is investing, but his secret is time.