If you invested $1000 in Jim Simons landmark Medallion Fund when it opened in 1988, it would be worth over $40 million today.
Quant-investing pioneer Jim Simons predicts Warren Buffett’s old-school approach will stay relevant — and lays out the 5 key principles he lives by
https://markets.businessinsider.com/news/stocks/jim-simons-r…
I particularly liked this principle.
“We hired statisticians, physicists, astronomers, mathematicians — the important thing was that they were very smart,” the Renaissance Technologies founder said about his early recruitment strategy.
“I like to say that you can teach a physicist finance, but you can’t teach a finance person physics,” the former NSA codebreaker and MIT math professor added.
Science and arithmetic, people.
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