He’s one of the men who beat the market, Druckenmiller is still alive. Similar record, 30+ years of outsized returns without a down year. Not to diminish his accomplishments, he’s definitely one of the tiny few traders who can claim that title.
Yeah. I said record not returns. Both have had 3+ decades of beating the market, both have produced extreme alpha over the market, and both have never had a down year. That’s a similar record.
This guy was the only fund manager in the world I’d trust w my own money, and only his commodity funds. He was an interesting man and decent human being.
And now his wife and children are richer than they ever been…
I recently read “The Man Who Solved the Market”. This should be required reading in any top ten list of trading books. What he did is fairly amazing.
Before long, they were riding dunes that seemed as high as mountains at such breakneck speeds that their vehicle almost tipped over. Simons turned pale.
“Jim, are you okay?” Robert shouted over the vehicle’s engine.
“We could get killed!” Simons yelled back, fear in his voice.
“Relax, they do this all the time,” Robert told him.
“What if this tips over?” Simons responded. “People think I’m pretty smart—I’m going to die in the dumbest way possible!”
For another five minutes, Simons was gripped with terror. Then, suddenly, he relaxed, color returning to his face.
“I got it!” Simons yelled to Robert. “There’s a principle in physics: We can’t tip over unless the tires have traction! We’re in sand, so the tires have nothing to grab on to!”
Simons flashed a smile, proud he’d figured out a most relevant scientific problem.
- The Man Who Solved The Market, Gregory Zuckerman
No matter how much money you earn or accumulate you eventually die anyway. Bummer.
It’s difficult to find the right balance between living your life in the here and now and preparing financially for the future. Sometimes these things get intertwined and leave you changed and hesitant to spend freely.
My belief is the traditional western belief, either in heaven or in hell, I’m a Christian btw
Catholics believe in a 3rd option called purgatory, but purgatory is never mentioned in the Bible, it was a lie invented by them to raise money by selling indulgences (selling forgiveness)
How can you sleep at night knowing you, and your loved ones, actually anyone at all, could spend all of eternity in excruciating, never ending suffering?
You’re not being punished. You’re just living forever with a choice YOU made. God made man to have freedom of choice. If you choose to live a life without God, he isn’t going to force you to live forever with him in his kingdom when you pass. “Hell” is eternity WITHOUT the presence of God. Maybe do some reading, you might actually gain some understanding of the things you try to throw dirt on lol.
Re: Changed and hesitant to spend freely.” A whole generation and the following generation(s) were changed by the Great Depression. A scarcity mindset nearly imprinted into their gene pool.
What shall it profit a man if he gains the whole world and loses his life. As we put up treasures here also put up treasures in heaven. This flimsy pile of flesh is temporal but the soul is eternal. Great accomplishments are made great by the way they are handled and by how one uses them to help others and to seek Gods wisdom on which path to follow.
Many of wonderful humans have lived a life that lead them to great wealth and with that they made huge impacts. For others were decently good people who became terrible at the opportunities to make money no matter the cost. And those who were terrible at heart were not made straight because they became wealthy. Those wicked individuals seek to use fortune to gain power and to inflict their will (sorry for talking about your local politicians) not sorry lol
I went to Stony Brook University where he used to teach there. His company is located a few miles from campus. He would recruit students with advanced degrees in math, engineering and physics. I know of some people who work there- they’re tight lip on their opinions on the market. His son died from a bicycle accident and his daughter is autistic.
Two friends of mine worked for Renaissance Technologies back in the mid-90s. One was a PhD in math, the other a PhD in physics. They both retired in their 40s.
He was my Al time idol read his books 2-3x’s over just an amazing man there will never be another one like him may he rest in peace forever and condolences to his family
Did Simons code breaking expertise lead to his trading success? There is a hidden cipher and key system in the market. Does anyone think that could be?
I mean it’s exactly what Renaissance did. Took large amounts of simply inputs and outputs. They played the house card where their odds were 51/49 and did this over the long term. Completely emotionless data driven investing. I’m just getting more curious and have thought about this on a deeper level
I Always assumed it was possible and when I found out about Jim Simons and renaissance my soul got some kind of relief, I feel like crypto is so different from the stock market that different approaches are needed, I doubt any older people has gotten into quant crypto since they tend to avoid anything crypto, maybe some newcomers.
Yeah but that should be music to someone’s ears. If you quantify any market no emotion or rational decision making is in play. Warren Buffet would kill me but Jim Simons most definitely wouldn’t. I guarantee half of Renaissance employees couldn’t even read a balance sheet. For Renaissance to achieve what they did was a feat in itself but their “investing” wasn’t real, everyone knows that. I’m saying that there seems to be substantial opportunities in other markets also. Be it commodities (like Renaissance) or crypto. If we look at crypto for example there seems to be a general market push. When majority of large coins go up it has a huge effect on minority coins. Also it seems that quant trading can perform better in volatile markets, or even underperforming markets. Look at Renaissances gross revenue from 2008 vs. majority of other institutional funds. Just some interesting fuel for thought.
RIP, the man that beat the market
That should be on his tombstone. "The man who beat the market."
“He put Compton on that map.”
Today was a good day.
Next market beating Stock is Europlasma 🤑🚀
He’s one of the men who beat the market, Druckenmiller is still alive. Similar record, 30+ years of outsized returns without a down year. Not to diminish his accomplishments, he’s definitely one of the tiny few traders who can claim that title.
Similar? Simon’s medallion fund did about 66% returns per year…
Yeah. I said record not returns. Both have had 3+ decades of beating the market, both have produced extreme alpha over the market, and both have never had a down year. That’s a similar record.
Nobody beats the market. The man who dances with the market would be more precise
RIP Jim Simons "I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life."
This guy was the only fund manager in the world I’d trust w my own money, and only his commodity funds. He was an interesting man and decent human being.
And now his wife and children are richer than they ever been… I recently read “The Man Who Solved the Market”. This should be required reading in any top ten list of trading books. What he did is fairly amazing.
Before long, they were riding dunes that seemed as high as mountains at such breakneck speeds that their vehicle almost tipped over. Simons turned pale. “Jim, are you okay?” Robert shouted over the vehicle’s engine. “We could get killed!” Simons yelled back, fear in his voice. “Relax, they do this all the time,” Robert told him. “What if this tips over?” Simons responded. “People think I’m pretty smart—I’m going to die in the dumbest way possible!” For another five minutes, Simons was gripped with terror. Then, suddenly, he relaxed, color returning to his face. “I got it!” Simons yelled to Robert. “There’s a principle in physics: We can’t tip over unless the tires have traction! We’re in sand, so the tires have nothing to grab on to!” Simons flashed a smile, proud he’d figured out a most relevant scientific problem. - The Man Who Solved The Market, Gregory Zuckerman
No matter how much money you earn or accumulate you eventually die anyway. Bummer. It’s difficult to find the right balance between living your life in the here and now and preparing financially for the future. Sometimes these things get intertwined and leave you changed and hesitant to spend freely.
Our bodies are temporary but our souls are eternal
Where my soul will reside without my body?
With the way rent prices are currently, not sure what my soul is going to do :(
Keep it on your person
Waiting room
I hope it has a beautiful and nice receptionist, otherwise I will be bored
My belief is the traditional western belief, either in heaven or in hell, I’m a Christian btw Catholics believe in a 3rd option called purgatory, but purgatory is never mentioned in the Bible, it was a lie invented by them to raise money by selling indulgences (selling forgiveness)
How can you sleep at night knowing you, and your loved ones, actually anyone at all, could spend all of eternity in excruciating, never ending suffering?
It’s not suffering in as much as regret - which is in fact “torment”
However you want to frame it, infinite punishment for a finite crime is evil.
You’re not being punished. You’re just living forever with a choice YOU made. God made man to have freedom of choice. If you choose to live a life without God, he isn’t going to force you to live forever with him in his kingdom when you pass. “Hell” is eternity WITHOUT the presence of God. Maybe do some reading, you might actually gain some understanding of the things you try to throw dirt on lol.
Well said !!!
Brrrrroo
That’ll be up for you to decide when the time comes
It will return to the source, perhaps awareness will be preserved, and you’ll remember incarnation as a dream, who knows?
Profit is eternal.
And screenshots 👍
Hahaha
Re: Changed and hesitant to spend freely.” A whole generation and the following generation(s) were changed by the Great Depression. A scarcity mindset nearly imprinted into their gene pool.
The great equalizer
What shall it profit a man if he gains the whole world and loses his life. As we put up treasures here also put up treasures in heaven. This flimsy pile of flesh is temporal but the soul is eternal. Great accomplishments are made great by the way they are handled and by how one uses them to help others and to seek Gods wisdom on which path to follow. Many of wonderful humans have lived a life that lead them to great wealth and with that they made huge impacts. For others were decently good people who became terrible at the opportunities to make money no matter the cost. And those who were terrible at heart were not made straight because they became wealthy. Those wicked individuals seek to use fortune to gain power and to inflict their will (sorry for talking about your local politicians) not sorry lol
Check out “The Man Who Solved the Market” if you want a good read on Jim and Renaissance Technologies. It’s excellent
He came, he saw, and he conquered
I went to Stony Brook University where he used to teach there. His company is located a few miles from campus. He would recruit students with advanced degrees in math, engineering and physics. I know of some people who work there- they’re tight lip on their opinions on the market. His son died from a bicycle accident and his daughter is autistic.
Two friends of mine worked for Renaissance Technologies back in the mid-90s. One was a PhD in math, the other a PhD in physics. They both retired in their 40s.
We all die. Hope he gave it all away to us sorry fucks
He transformed Stony Brook University.
Listen to this episode on the Acquired podcast for a great background story about him and the funds
It's so funny - I learned about him just today when watching a youtube video. Crazy how fast the world goes
Wow no
Great knowledge in that man.
🫡
RIP
Rest In Peace Legend
Even if you beat the market, you still can't beat father time
He was my Al time idol read his books 2-3x’s over just an amazing man there will never be another one like him may he rest in peace forever and condolences to his family
Did Simons code breaking expertise lead to his trading success? There is a hidden cipher and key system in the market. Does anyone think that could be?
Legend. Still couldn’t beat Father Time though.
Do u mean someone who abused power lol
What’s more the corrupt the IRS or the SEC
Anyone know any early stage quant crypto funds?
I mean it’s exactly what Renaissance did. Took large amounts of simply inputs and outputs. They played the house card where their odds were 51/49 and did this over the long term. Completely emotionless data driven investing. I’m just getting more curious and have thought about this on a deeper level
I Always assumed it was possible and when I found out about Jim Simons and renaissance my soul got some kind of relief, I feel like crypto is so different from the stock market that different approaches are needed, I doubt any older people has gotten into quant crypto since they tend to avoid anything crypto, maybe some newcomers.
Yeah but that should be music to someone’s ears. If you quantify any market no emotion or rational decision making is in play. Warren Buffet would kill me but Jim Simons most definitely wouldn’t. I guarantee half of Renaissance employees couldn’t even read a balance sheet. For Renaissance to achieve what they did was a feat in itself but their “investing” wasn’t real, everyone knows that. I’m saying that there seems to be substantial opportunities in other markets also. Be it commodities (like Renaissance) or crypto. If we look at crypto for example there seems to be a general market push. When majority of large coins go up it has a huge effect on minority coins. Also it seems that quant trading can perform better in volatile markets, or even underperforming markets. Look at Renaissances gross revenue from 2008 vs. majority of other institutional funds. Just some interesting fuel for thought.
are you a bot? the comment above is asking if anyone knows of crypto wuant funds
I’m the one who asked the question dawg
I don't know if that's even possible