The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

by

technology, , audible, biographies, economics, business, quant-systems, business, non-fiction, audiobook, to-immerse, Economics, Business, Nonfiction, Biography, History, Science, Audiobook, Currency

Gregory Zuckerman, the bestselling author of The Greatest Trade Ever and The Frackers, answers the question investors have been asking for decades: How did Jim Simons do it?

Shortlisted for the Financial Times/McKinsey Business Book of the Year Award


Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars.

Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world.

As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit.

The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.

Title:The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution
ISBN:9780241309728
Format Type:

    The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution Reviews

  • BlackOxford

    The Philosophy of Financial Markets There are essentially two ways, two visions, two philosophies, of conducting inquiry in the social sciences. In one, rational behaviour is defined by some plausibl...

  • Moeen Sahraei

    Jim Simons is one of the most eminent founder fathers of quantitative trading. He started studying mathematics at MIT when he was 17 and he managed to get his PhD at 23. He learned advanced mathematic...

  • Jacob Vorstrup Goldman

    If you, like me, have already scoured the interwebs for tidbits on Jim Simons and his Long Island quant powerhouse, then there is not too much new stuff here, but the story is still nice to revisit, a...

  • Tim O'Hearn

    Every few months, I get a LinkedIn message from a headhunter regarding a discreet search by a secretive firm in the New York area. The message will reference a team of leading computer scientists and ...

  • Maru Kun

    I've always wondered what Jim Simons, the liberal leaning head of Renaissance Technologies, thought of the co-head of his firm, Robert Mercer. I hope Simons lives long enough to see the consequences o...

  • ScienceOfSuccess

    It's not a bad book. If you like biographies focused on year by year events you will enjoy it.I was expecting something else. Some market knowledge, some mathematical formulas.The whole book is like l...

  • Marco

    Very disappointing. I read it in 10 hours or so, at least 8 were a waste of time.The title is surely chosen by the publisher as a marketing gimmick. It's not *that* much about Jim Simons, in fact past...

  • Niranjana Sundararajan

    I thoroughly enjoyed this book. It was exactly what I was looking forward to reading- the growth of quant-based trading in finance through the lens of arguably the most successful firm in the field.It...

  • Thiago Marzago

    I had always believed in the efficient market hypothesis. This book convinced me that I was wrong: it's not that there aren't inefficiencies to be exploited in financial markets, it's just that humans...

  • Rick Sam

    An Excellent Biography, I enjoyed reading political factions within a company. It seems that it can be applied everywhere.I would recommend this to people who are interested in Biographies, Investment...