Jim Simons discussed why his hedge fund employs scientists instead of bankers, defended Warren Buffett’s relevance in an age of supercomputers and algorithmic trading,…
Simons asserted that Buffett’s traditional approach of seeking out wonderful businesses run by honest and brilliant executives wouldn’t become obsolete.
“It’s perfectly reasonable to study a company deeply, analyze their management, and say, ‘This is a good company, I’m going to invest in it,’” Simons said. “We don’t do that at all.”
“Warren Buffett’s kind of investing will always have a place,” he added.
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