5 key principles to live by

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

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.



5. “The final principle is ‘hope for good luck.’ That’s the most important one.”

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