Portfolio The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

Good read

A good book for someone interested in who Jim Simons is and how he became the algorithmic trading guru. Is nicely written, have a good pace and can be very involving. The end part is a bit uneven. Seems like the author really focused on the years the book was written and recent political calamities. In my opinion, those developments are trivial comparing to the making of Renaissance Capital and will be very soon forgotten .So soon one-third of the book will become irrelevant. For people looking for tips on investing; this is not a book about how to invest, this is just an account of Jim Simons career. For tips on how to trade using algorithms look elsewhere.

The book contains only the publicly available information about the Jim Simon and his fund. Nothing new. Though the author has tried to put this information together and present it in a book.

In the end they don’t even answer the original question, how did Simons solve the market ? Lots of details of unimportant events and less details about the real market struggles.

This book covers the life and journey of Jim Simmons and his approach towards investing. this is more of a biography and does not cover the technical aspects of investing, although it does touch upon the basics and approach of quant investing.

Biografia perfetta

De forma sucinta: Adorei o livro. O Jim Simmons gerou 64% de compounded annual growth rate em 34 anos. Basicamente 1 € para 30 MILHÕES (ignorando management fees mas ainda assim os retornos deles são absurdos e ninguém se aproxima deles). Gostei muito de saber mais sobre a história desse senhor, sobre o crescimento da Rennaissance e sobre o impacto dessa empresa e dos seus funcionários no mundo (exemplo: Trump e Brexit só aconteceram devido à influência de um deles). Vale a pena ler, mesmo para quem não está interessado em quantitative trading.

Awesome book about the greatest investor ever.

Bien