Jim Simons is one of the most coveted quant Mathematician, Soviet era code breaker, and hedge fund manager with his Medallion fund’s astonishing track record of 39% average annual returns since 1988, making Warren Buffett’s 20% average annual return look paltry in comparison!
Greg – a renowned WSJ journalist – does a great job in providing a great insight in multi billionaire’s little known world of quantitative trading.
Book subsequently talks about Bob Mercer’s – current CEO of Renaissance Tech – key role in getting Trump to the oval office.
Some great quotes from the book that are widely applicable in any walk of life:
1. No one ever made a decision because of a number. They need a story. (by Daniel Kahneman)
2. All models are wrong, but some are useful.
3. Q: What’s the difference between a PhD in mathematics and a large pizza?
A: A large pizza can feed a family of four. 🙂
Fun read with great insights!
Rating: 3.5/5
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