Bestselling author and veteran Wall Street Journal reporter Gregory Zuckerman answers the question investors have been asking for decades: How did Jim Simons do it?
Jim Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros. Yet Simons and his strategies are shrouded in mystery. Wall Street insiders have long craved a view into Simons's singular mind, as well as the definitive account of how his secretive hedge fund, Renaissance Technologies, came to dominate financial markets. Bestselling author and Wall Street Journal reporter Gregory Zuckerman delivers the goods.
After a legendary career as a mathematician at MIT and Harvard, and a stint breaking Soviet code for the U.S. government, Simons set out to conquer financial markets with a radical approach. He hired mathematicians, physicists, and computer scientists, most of whom knew little about finance. Experts scoffed as Simons built Renaissance Technologies from a dreary Long Island strip mall. He amassed piles of data and developed algorithms to hunt for deeply hidden patterns in the numbers--patterns that reveal rules governing all markets.
Simons and his colleagues became some of the richest individuals in the world and their data-driven approach launched a quantitative revolution on Wall Street. They also anticipated dramatic shifts in society. Eventually, governments, sports teams, hospitals, and businesses in almost every industry embraced Simons's methods.
Simons and his team used their newfound wealth to upend society. Simons has become a major influence in scientific research, education, and politics, while senior executive Robert Mercer is more responsible than anyone else for Donald Trump's victorious presidential campaign. The Renaissance team's models didn't prepare executives for the ensuing backlash.
The Man Who Solved the Market is the dramatic story of how Jim Simons and a group of unlikely mathematicians remade Wall Street and transformed the world.
##终于读完了这本关于最牛逼(之一)也最神秘的对冲基金文艺复兴,和其创始人Jim Simons的流水账……Good life story,最后谈到2018年12月美股crash的时候,即使是Simons也打电话给自己的Family Office 负责人,问”我们要不要做空市场来对冲风险“?所以理性决策是多么多么难……
##没啥大意思
##COVID read
##“Simons could be remembered for what he did with his fortune, as well as how he made it.”
##19#15 (又一本)曾经求翻而未得的书。略有失望,但仍然有趣,结尾稍弱,整体只能算是中规中矩。Simmons虽然招募了一支才华横溢的科学家团队,“launch”了量化革命,但严格地“the man who solved the market”的标题有标题党之嫌。与LTCM之间的对比很有趣。但大奖章仍然是那个神秘的大奖章,中间几个章节充斥着“进一步改进了算法”、“效果拔群”之类的描述,但干货太少。作为2019年最后一本书(highly likely),希望自己明年也能solve一些东西吧。
##讲Jim Simons成立文艺复兴前的那一段很有意思,Mercer的政治影响也有意思。不要期待有太多量化干货,但看上去也还靠谱。超级多的小八卦和趣闻轶事。
##没啥大意思
##还真就鸡肋呗,读之无味弃之可惜… WSJ出来的那帮人怎么写得都一样,全部一个套路。浅尝即止,没有任何特殊的思考角度,深度,对市场或者人物性格剖析。最多只能感叹一句Simons真的是天选之子,又获得傲人学术成就又能赚大钱,但是同时又很可怜两次白发人送黑发人。他们根本没有solved the market啊??他们也不知道自己策略为什么work好吗。最后,据说这次危机里面文艺复兴已经亏了20%了… 所以说不能太早写传记
##“Simons could be remembered for what he did with his fortune, as well as how he made it.”