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Really enjoying episode 183 at the moment. Hadn't heard the story of Jim Simons and Rennaisance. Love this quote from Gregory Zuckerman that wrote the book on Simons:In truth, there likely are fewer inefficiencies and opportunities for investors than generally presumed. For all the unique data, computer firepower, special talent, and trading and risk-management expertise Renaissance has gathered, the firm only profits on barely more than 50 percent of its trades, a sign of how challenging it is to try to beat the market—and how foolish it is for most investors to try.Excerpt article here:https://www.forbes.com/sites/forbesdigitalcovers/2019/11/08/jim-simons-the-man-who-solved-the-market-gregory-zuckerman-book-excerpt/#1c467ea213b6
Really enjoying episode 183 at the moment. Hadn't heard the story of Jim Simons and Rennaisance. Love this quote from Gregory Zuckerman that wrote the book on Simons:
In truth, there likely are fewer inefficiencies and opportunities for investors than generally presumed. For all the unique data, computer firepower, special talent, and trading and risk-management expertise Renaissance has gathered, the firm only profits on barely more than 50 percent of its trades, a sign of how challenging it is to try to beat the market—and how foolish it is for most investors to try.
Excerpt article here:
https://www.forbes.com/sites/forbesdigitalcovers/2019/11/08/jim-simons-the-man-who-solved-the-market-gregory-zuckerman-book-excerpt/#1c467ea213b6
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