Jim Simons, founder of one of the world’s most successful hedge funds-Renaissance Technologies, recently spoke at MIT about his career as a mathematician, as a hugely successful hedge fund manager, and now as a philanthropist.
Starting at the 29 minute mark (click here to view), Simons talks about how he transitioned from fundamental trading to “slavish use of models” in 1988 and how “it turned out to be a wonderful decision.” Furthermore, he stated that fundamental trading “is not a way to live your life” as a result of constantly vacillating between feeling like a genius one day and an idiot the next.
HT: Infectious Greed
