The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution SHORTLISTED FOR THE FT & MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019

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.

Excelente libro sobre la anécdota de como los fisicos dominaron wall street, necesario leer para replantearnos nuestro papel en el mercado

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.

The ex-code breaker, mathematician turned quant investment guru always wanted to make a lot of money - something that the modern populace associates to success. But what did success cost Simons? The writer takes us through Simon's journeys, his ups, his downs, and although this is a story about the "mysterious" Renaissance Technologies, it is considered Simon's life's work. His story illuminates the backdrop and allows the reader to give their own Straussian take on his life story.

Jim Simmons is not your regular trader with a computer screen and a bunch of offices. He’s the man armed with physicists, mathematicians as opposed to finance pros.It’s a terrific book on many counts and I wish to notify a few hereJim Simmons was a genius mathematician who thought he could crack the market by identifying patterns and developed a system.The system was not build in a day, It took multi decades with people armed with knowledge and perseverance to develop that system.As like any entrepreneur, Jim faced his set our adversity, challenges and setbacks which is a lesson that no matter who you are you have to go through such challenges.Another stunning lesson, Success rate of Renaissance was 50.7 % which means of the 100 trades they do they succeed only in 50.7 of them, despite which they were able to make a stunning CAGR of 66 % for 3 decades approx. Warren Buffett’s rate of return is around 23 % yet the time invested was higher in Buffett’s case. 3 lessons here 1. Your performance in business or trading or anything is driven by tails.2. Compounding is the secret to wealth.3. Mistakes are inevitable but make sure those mistakes doesn’t break you. You should be successful even with a 30 % success rate.Why I liked the book - As an investor I’ve learned there’s no 1 way to nirvana. Try and adapt to what suits you. But over arching theme is all major principles work for everyone. Like compounding, hard-work, Tail events , Rationality etc.

Very entertaining reading. Zuckerman wrote a very intesting and readable book, which essentially is the biography of Jim Simons, who, believe me, didn’t live a boring life.