Category: James Simons
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Trillion Dollar Assumptions
“The Trillion Dollar Equation,” video from Veritasium explores the model that spawned multi-trillion dollar industries. More specifically how Bachelier applied Fourier, how Ed Thorp made money applying the model, and finally how Black, Scholes and Merton published the model. Some immediate.trade content and expected ranges come from Black Scholes, but the rest of the content…
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The Greatest Active Manager Ever
“How a Mathematician Became the Greatest Trader of All Time,” Jim Simons, the founder of Renaissance Technologies and its successful Medallion hedge fund, is profiled. Simons, a mathematician and code-breaker, took a scientific approach to investing, using vast data sets, computer models, and algorithms. His strategies, which challenged traditional intuition-based investing, led to average annual…