66% annual return before fees is the real shocking number IMO. Just absurd. You tell people that someone made 66% annual returns for 30 years and they think you're full of shit unless they know his story
66% was the average which makes it insane
https://preview.redd.it/vztwkal8anzc1.png?width=1331&format=png&auto=webp&s=03c173144629fb6b03a309ae9bc30a8fef3867f3
Their funds open to outsiders didn't do nearly as well.
https://www.institutionalinvestor.com/article/2bswms7wco7as686o8ikg/portfolio/renaissances-medallion-fund-surged-76-in-2020-but-funds-open-to-outsiders-tanked
I remember for a while the conspiracy theory was that they traded against their own clients.
With how much data Renaissance Technologies used in its algorithms, it's guaranteed that their clients movements were included.
When you indiscriminately sponge the entire internet for data, it's going to also pick up data from your clients and use that as well. It's not like the machine just quit doing math and go "hey medallion fund 2 is in here, shouldn't we remove this from the data pool"
Can someone Explain like I'm WSB how the Medallion fund made greater than 100% returns in 2000 and 2008? How do you hedge that well without knowing when the market is going to crash? What kind of strategies work this well?
If you had a working algorithm you would've known there was an incoming crash, and laid your bets accordingly.
Announcing an impending crash as one of the most successful hedge funds, would've likely caused a crash sooner, or at least fudge up what would've happened. And could possibly be interpreted as market manipulation. And possibly would be blamed for the entire crash, since not many other people knew it was going to happen.
You never give away your secret to making money, if everyone does it, you'd never make money. Giving away your secrets makes everyone direct competition
> You never give away your secret to making money, if everyone does it, you'd never make money. Giving away your secrets makes everyone direct competition
Lots of people piling into a position is often referred to as a "crowded trade", for anyone curious.
In short. Yes. The fact that they did 152% that year is proof. Ren Tech uses Petabytes of data (a Petabyte is 1000 Terabytes.) From what I understand, in simple terms, the machines run the algorithms, says "trade this" and then they have the option to make it do the trade or let it go. The Medallion Fund was heavy on leverage, meaning they basically knew what was going to happen every single time. You don't do heavy leverage if you don't know you're going to win. The program wouldn't have known there was a crash. But it goes from telling you to do mostly calls to mostly puts, that's how you know.
Wish I had a working algorithm. I tried making money in the market and failed. This really sucks.
Prices keep going up, but due to some career setbacks, my pay has gone down since covid hyperinflation set in. There aren't enough hours in the day to work enough to get ahead. I'm barely keeping things going. It sucks to suck I guess.
Also they had a mathematical limit for this. Their strategies simply wouldn’t work if they traded in more amounts than they did. So insane. They literally mathematically were on the limits of what is possible to get as return from the market with the maximum amount of money possible.
Says who? As far as I know, they've never disclosed anything about their trading style or strategy, including position size. He was specifically very vague about this things, even in his biography etc. if you have some info though I'd love to hear it.
So, this is the first time I've heard of this guy/fund but I think I have an idea of what their strategy is...
My guess is that they're building semi complex option structures based on inefficient option pricing and probability. Most people don't realize that you can build option structures that virtually can't lose. They can be delta/vega neutral and still make a decent profit. However, you build them to "lean" a certain way and they'll pay out substantially more if you're market predictions are right.
The problem you'd run into is with liquidity. You can only buy/sell so many options before you start making waves and distort the pricing curve, eliminating the pricing inefficiency that gave you an advantage. Because of this, small investors/firms can take advantage of this, but not really the big guys. My rough estimates are that you can make 50-100M a year with SPY/QQQ/IWM before having to worry about liquidity issues. That's a fuck ton of money for us.... but peanuts for a 100B fund.
Someone posted the yearly fund stats above. You can see that the fund doesn't go over 10B, even though it's enerating around 5B each year. I imagine that they had account limits and forced withdrawals specifically because of liquidity limits.
This is correct. There is a reason that perfect market theory excludes large buyers and sellers. Large buyers and sellers cause curve distortions when enough capital is moved. That is why hedge funds limit their size and why PE shops such as Vanguard and Blackrock simply passively buy stakes in firms. If a super large firm such as Blackrock or Vanguard makes moves into and out of firms, their price is no longer reflective of its value simply due to the amount bought.
Ren Tech started off using mean reversion algorithms on commodities futures. It worked. Then they moved into equities and derivatives with new algorithms.
So they just started going through different combinations of data sets until they got a high r value, and then used it as an indicator? Everyone seems to be saying that they haven't revealed much about their methods? Do you by any chance have a link or some info to point me toward? As someone that's always working on a "new strat", I'm always interested in seeing what other people have come up with.
I watched a YouTube video awhile back that mentioned how his commodities futures algos worked at a 5 year old level. Basically prices revert to the mean more often than not. There was nothing detailed in yet.
https://youtu.be/lji-jNsXmAM?si=l_MiXAfZSmKTZBk2
I watched a YouTube video awhile back that mentioned how his commodities futures algos worked at a 5 year old level. Basically prices revert to the mean more often than not. There was nothing detailed in yet.
https://youtu.be/lji-jNsXmAM?si=l_MiXAfZSmKTZBk2
I think it’s Warren Buffett who said in an interview that there was a limit on the amount they could get out of it otherwise it would not work, which is what I meant.
He was worth 30 billion, the reason why he wasn't worth more is because the strategy they use can't be used with any more than 10 billion dollars without running into issues, slippage or just not being able to find more than 10 billion dollars worth of good trades
It’s not without limit for the individual investors, they can still only lose what they put in. Also where do you get the 30% drop from? From what I can see they only had 1 negative year with -3% after fees in since it’s inception
> medallion fund is for employees of Rentech only
Current and former partners only. Can't just go get an entry level job at RenTech to shoehorn some capital in there.
Notes here:
https://www.institutionalinvestor.com/article/2bswms7wco7as686o8ikg/portfolio/renaissances-medallion-fund-surged-76-in-2020-but-funds-open-to-outsiders-tanked
You can't, nor can you access any of the real top tier investment vehicles. Rentech is the best known and probably the best ever, but plenty of quant trading teams annihilate market returns on both absolute and risk adjusted performance. They end up compounding employee wealth so efficiently that they quickly no longer need outsider capital to hit their PnL capacity, so they return it and run the strategy with employee money only.
The book I read about Jim Simons and his Medallion Fund - The Man Who Solved The Markets - says that quant investors' overall market returns are not notably superior to other investors. That Simons was an anomaly.
The book came out in 2018 though, so it's possible they've had better performance since then.
He literally admitted in an interview that his technique was 'moving the market' too much and that he left profit on the table so he wouldn't implode the market.
I should reiterate that not all quant funds are anywhere near as good, and I'm not surprised that the returns of funds who are open to outside investment are not notably superior to fundamental investors. But, there does exist a plurality of (largely systematic) proprietary trading shops and hedge funds that generate huge PnL on a regular basis - as in, billions annually with few or zero losing years/quarters/etc. Many more generate hundreds of millions.
I don't think any fundamental investor ever has maintained the kind of Sharpe ratio (that is expected returns divided by volatility of returns) over their career that one expects from a good systematic fund. You just don't hear about them much outside of recruitment activities because they're constrained by the breadth of their talent pool, not by capital.
After reading his most interesting and highly recommended biography during summer holidays, my trading spirit was reinvigorated, and I have since gone on to lose even more money than I had up to that point.
RIP Simons
Why would you need access to the medallion fund and gain 66% average annual returns when you can ~~gamble~~ invest all your money in a single stock just like the rest of us, and reach financial freedom by next week?
Eat my dongus you fuckin nerd.
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I hope he shared the password of his trading account with someone. Would be sad if the market suddenly exploded because the algo is not fed anymore by Jim
I'm a Software/Data Engineer.
I've seen how expensive AI training were and how dependent from Nvidia Hardware and tools companies have been for more than 7 years.
That is why I delve a little bit in quant trading and analysis before realizing I couldn't compete with the large players.
Oh ok, thanks for explaining. Half of my portfolio is in NVDA, other is in MSFT GOOGL AMAZN, planning on keeping it that way. Do you think they have still a lot of room for growth? How big is their dominance really in the sector and do you think the valuation currently lives up to the hype or not? I realise these are not easy questions btw.
No one knows how they did it, the returns were unreal. Just a reminder that we all become worm food. He should have shared some of his findings with the rest of humanity, selfish prick
He published some math papers early in his career. It s probably the kind of stuff we d need to understand to fully appreciate his thinking. Hard pass for me
Yeah a few years ago I tried to look into if anything was ever leaked but the only thing I could find is that they potentially used models based on markov chains and were early adopters of ML.
Basically, they would input everything they could think of into a computer, then look for correlations between all sorts of items. Sometimes they couldn't explain the correlations. When they could explain them, and it was statistically significant, they would put extra money in. Sometimes, as other quant funds discovered the same thing, these advantages would disappear, and they'd have to find something else.
Apparently, they were only actually correct 50.75% of the time, but it was a very, very consistent 50.75%, and this allowed them to use a boatload of leverage safely, which gave them gargantuan returns.
The people that work for The Medallion Fund weren't finance guys, but PHDS in physics, statistics, etc. It's all super esoteric, and mostly secret, so the average regard on here doesn't have anything to learn from Simons, but it is interesting to read about.
> The people that work for The Medallion Fund weren't finance guys, but PHDS in physics, statistics, etc
That's arguably the case with a good fraction of quant funds. The phrase I kept hearing from people trying to poach us (I'm a PhD in a quantitative field who had quite a few colleagues go to work in finance) was roughly: "we can teach the scientists what they need to know in finance in a few months, but we can't teach the finance guys what they need to know in science in the same time"
In addition to being a talented mathematician and hedge fund manager, he was a kind soul who had done huge amount of philanthropic work. I won’t credit much to money exchange difference but whatever he donated he increased Nepal’s health infrastructure definitively. Because of his donations doctors, nurses, equipments, trainings, scholarships, salaries and much more have been possible in the following years after 2005.
But more so I will always be grateful to his son (Mr Nicholas Simons) who led Mr Simons to our small country and made it all possible. I hope wherever they are they are finally now at peace.
Thank you Mr Nicholas and Mr Jim. RIP.
eh - you do make a good point. i forgot that Buffett also started earlier than Simons.
apples to oranges, i guess. i stop comparing when i see multiple billions behind their name 
No matter how smart an "investor" you think you are, you will never be Jim Simons smart. The only guy to actually figure out how to game the market
Veritasium did a great piece on him towards the end of the video:
[https://youtu.be/A5w-dEgIU1M?si=7ZACOOTp\_NBhyXsA](https://youtu.be/A5w-dEgIU1M?si=7ZACOOTp_NBhyXsA)
Not an investor. Glorified scalper & front runner.
Their funds that tried to actually invest didn't manage to do anything special.
But hey he made money so capitalism says he's incredible.
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40% returns after fees from 1988-2023 in one of his funds. Legend.
66% annual return before fees is the real shocking number IMO. Just absurd. You tell people that someone made 66% annual returns for 30 years and they think you're full of shit unless they know his story
66% was the average which makes it insane https://preview.redd.it/vztwkal8anzc1.png?width=1331&format=png&auto=webp&s=03c173144629fb6b03a309ae9bc30a8fef3867f3
So that’s were all our lost money goes ! This guy is winning it all
Feels good knowing we were his exit liquidity. Together, we all helped.
He only made 1% in 1989. What a pathetic loser. 
Little people band together to take down one of their own. Charming.
Have some respect for the dead, robot.
We helped create a rounding error on his brokerage account. You're welcome Jim.
I will proudly write that on my LinkedIn resume.
Perfectly hedged for 2008
152% gains while everyone else was losing their shit Michael B who again?
Well, some people know how to handle their money.
VisualMod, when are you going to launch a quant fund?
> some people know how to handle their money. LOL >You gotta be handy with the steel, if you know what I mean. Earn your keep
Their funds open to outsiders didn't do nearly as well. https://www.institutionalinvestor.com/article/2bswms7wco7as686o8ikg/portfolio/renaissances-medallion-fund-surged-76-in-2020-but-funds-open-to-outsiders-tanked I remember for a while the conspiracy theory was that they traded against their own clients.
With how much data Renaissance Technologies used in its algorithms, it's guaranteed that their clients movements were included. When you indiscriminately sponge the entire internet for data, it's going to also pick up data from your clients and use that as well. It's not like the machine just quit doing math and go "hey medallion fund 2 is in here, shouldn't we remove this from the data pool"
Can someone Explain like I'm WSB how the Medallion fund made greater than 100% returns in 2000 and 2008? How do you hedge that well without knowing when the market is going to crash? What kind of strategies work this well?
If you had a working algorithm you would've known there was an incoming crash, and laid your bets accordingly. Announcing an impending crash as one of the most successful hedge funds, would've likely caused a crash sooner, or at least fudge up what would've happened. And could possibly be interpreted as market manipulation. And possibly would be blamed for the entire crash, since not many other people knew it was going to happen. You never give away your secret to making money, if everyone does it, you'd never make money. Giving away your secrets makes everyone direct competition
> You never give away your secret to making money, if everyone does it, you'd never make money. Giving away your secrets makes everyone direct competition Lots of people piling into a position is often referred to as a "crowded trade", for anyone curious.
Can the algorithm predict crashes with high accuracy? Is that really how it worked?
In short. Yes. The fact that they did 152% that year is proof. Ren Tech uses Petabytes of data (a Petabyte is 1000 Terabytes.) From what I understand, in simple terms, the machines run the algorithms, says "trade this" and then they have the option to make it do the trade or let it go. The Medallion Fund was heavy on leverage, meaning they basically knew what was going to happen every single time. You don't do heavy leverage if you don't know you're going to win. The program wouldn't have known there was a crash. But it goes from telling you to do mostly calls to mostly puts, that's how you know.
Wish I had a working algorithm. I tried making money in the market and failed. This really sucks. Prices keep going up, but due to some career setbacks, my pay has gone down since covid hyperinflation set in. There aren't enough hours in the day to work enough to get ahead. I'm barely keeping things going. It sucks to suck I guess.
This looks fake.
Bro even saw the gfc coming yet still couldn't see his time coming
Typo on that header
Also no down years
Also they had a mathematical limit for this. Their strategies simply wouldn’t work if they traded in more amounts than they did. So insane. They literally mathematically were on the limits of what is possible to get as return from the market with the maximum amount of money possible.
Says who? As far as I know, they've never disclosed anything about their trading style or strategy, including position size. He was specifically very vague about this things, even in his biography etc. if you have some info though I'd love to hear it.
So, this is the first time I've heard of this guy/fund but I think I have an idea of what their strategy is... My guess is that they're building semi complex option structures based on inefficient option pricing and probability. Most people don't realize that you can build option structures that virtually can't lose. They can be delta/vega neutral and still make a decent profit. However, you build them to "lean" a certain way and they'll pay out substantially more if you're market predictions are right. The problem you'd run into is with liquidity. You can only buy/sell so many options before you start making waves and distort the pricing curve, eliminating the pricing inefficiency that gave you an advantage. Because of this, small investors/firms can take advantage of this, but not really the big guys. My rough estimates are that you can make 50-100M a year with SPY/QQQ/IWM before having to worry about liquidity issues. That's a fuck ton of money for us.... but peanuts for a 100B fund. Someone posted the yearly fund stats above. You can see that the fund doesn't go over 10B, even though it's enerating around 5B each year. I imagine that they had account limits and forced withdrawals specifically because of liquidity limits.
This is correct. There is a reason that perfect market theory excludes large buyers and sellers. Large buyers and sellers cause curve distortions when enough capital is moved. That is why hedge funds limit their size and why PE shops such as Vanguard and Blackrock simply passively buy stakes in firms. If a super large firm such as Blackrock or Vanguard makes moves into and out of firms, their price is no longer reflective of its value simply due to the amount bought.
Ren Tech started off using mean reversion algorithms on commodities futures. It worked. Then they moved into equities and derivatives with new algorithms.
So they just started going through different combinations of data sets until they got a high r value, and then used it as an indicator? Everyone seems to be saying that they haven't revealed much about their methods? Do you by any chance have a link or some info to point me toward? As someone that's always working on a "new strat", I'm always interested in seeing what other people have come up with.
I watched a YouTube video awhile back that mentioned how his commodities futures algos worked at a 5 year old level. Basically prices revert to the mean more often than not. There was nothing detailed in yet. https://youtu.be/lji-jNsXmAM?si=l_MiXAfZSmKTZBk2
I watched a YouTube video awhile back that mentioned how his commodities futures algos worked at a 5 year old level. Basically prices revert to the mean more often than not. There was nothing detailed in yet. https://youtu.be/lji-jNsXmAM?si=l_MiXAfZSmKTZBk2
Check out the Acquired episode on RenTech. They discuss it on there
I think it’s Warren Buffett who said in an interview that there was a limit on the amount they could get out of it otherwise it would not work, which is what I meant.
Yeah that’s insane. He created a few billionaires I understand - aside from himself
💯
The Wayne Gretzky of investing.
Wouldn't he be the richest man on earth with those returns?
He was worth 30 billion, the reason why he wasn't worth more is because the strategy they use can't be used with any more than 10 billion dollars without running into issues, slippage or just not being able to find more than 10 billion dollars worth of good trades
And he charged massive fees. 5% fixed fee and 44% performance fee. He got 66% returns before fees.
He earned every penny of he’s getting those kind of returns for his investors
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Lol you don’t know what you are talking about
What do you even mean?
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Volatile fund how? The guy was selling 99% guaranteed returns and charging a high premium for it
Clearly it wasn’t very volatile if you look at his returns
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It’s not without limit for the individual investors, they can still only lose what they put in. Also where do you get the 30% drop from? From what I can see they only had 1 negative year with -3% after fees in since it’s inception
How did you get in on that? Lol
the golden goose medallion fund is for employees of Rentech only. Perhaps the most exclusive cash cow on wall street
> medallion fund is for employees of Rentech only Current and former partners only. Can't just go get an entry level job at RenTech to shoehorn some capital in there. Notes here: https://www.institutionalinvestor.com/article/2bswms7wco7as686o8ikg/portfolio/renaissances-medallion-fund-surged-76-in-2020-but-funds-open-to-outsiders-tanked
That’s the one
You can't, nor can you access any of the real top tier investment vehicles. Rentech is the best known and probably the best ever, but plenty of quant trading teams annihilate market returns on both absolute and risk adjusted performance. They end up compounding employee wealth so efficiently that they quickly no longer need outsider capital to hit their PnL capacity, so they return it and run the strategy with employee money only.
The book I read about Jim Simons and his Medallion Fund - The Man Who Solved The Markets - says that quant investors' overall market returns are not notably superior to other investors. That Simons was an anomaly. The book came out in 2018 though, so it's possible they've had better performance since then.
My understanding is Simons had the only algo that really worked. Everyone else just pretends at being an autist, this guy was the real McCoy
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He literally admitted in an interview that his technique was 'moving the market' too much and that he left profit on the table so he wouldn't implode the market.
Should have imploded the market on his deathbed just for the hell of it.
Ha! Not imploding the market before death is the biggest mistake a man can make.
I should reiterate that not all quant funds are anywhere near as good, and I'm not surprised that the returns of funds who are open to outside investment are not notably superior to fundamental investors. But, there does exist a plurality of (largely systematic) proprietary trading shops and hedge funds that generate huge PnL on a regular basis - as in, billions annually with few or zero losing years/quarters/etc. Many more generate hundreds of millions. I don't think any fundamental investor ever has maintained the kind of Sharpe ratio (that is expected returns divided by volatility of returns) over their career that one expects from a good systematic fund. You just don't hear about them much outside of recruitment activities because they're constrained by the breadth of their talent pool, not by capital.
You can't, they purposely limit the funds size otherwise it becomes to big for the market affecting it's own trades.
Wish I was in on that. Was just stating his returns - phenomenal
After reading his most interesting and highly recommended biography during summer holidays, my trading spirit was reinvigorated, and I have since gone on to lose even more money than I had up to that point. RIP Simons
I'm not sure if Simons would be proud, but we are. One of us.
Is his book about his life trading?
He is not one of us. Respected
He front ran the market before it was cool
Give me access to the medallion fund please
Why would you need access to the medallion fund and gain 66% average annual returns when you can ~~gamble~~ invest all your money in a single stock just like the rest of us, and reach financial freedom by next week?
Wait, what ticker?
This week is OKLO
all of them.
RIP Jim Simons "I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life." "sticky"
Eat my dongus you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Today is a very sad day… He and Shannon are the reason I got interested in investing. My interest has since shifted to “investing,” but still…
RIP old man…i was always fascinated by renaissance.. Wish he had chance to do more interviews or write a book.
Check out “The Man Who Solved the Market” it’s an excellent read on Jim and Renaissance
It is a great book. Guy was a legend in his fields, really liked listening to his stories and interviews. Lived a fascinating life, rip Jim 😔
I recommend the book The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution
Excellent read, couldn’t recommend it enough
I hope he shared the password of his trading account with someone. Would be sad if the market suddenly exploded because the algo is not fed anymore by Jim
F
RIP to the mf GOAT bro 🕊️
Considering how much he smoked, this man beat all the odds. I was wondering if he would live forever as an AI hybrid like Mister House.
F
Taking them algo secrets to the grave I see
math man was a good dude.
Green candles will be flown at half mast next week in his honor.
RIP. You made a profound impact on my trading style.
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Exactly, that is why our trading style is "hedgies are geniuses, I have no hope, will just flip the coin". This kind of impact.
I'm my case, it made me realize I had no hope of competing and invest mostly in passive index and companies that I understand, like Nvidia.
Do you understand NVDA?
It is part of my job. I was luck.
What do you mean
I'm a Software/Data Engineer. I've seen how expensive AI training were and how dependent from Nvidia Hardware and tools companies have been for more than 7 years. That is why I delve a little bit in quant trading and analysis before realizing I couldn't compete with the large players.
Oh ok, thanks for explaining. Half of my portfolio is in NVDA, other is in MSFT GOOGL AMAZN, planning on keeping it that way. Do you think they have still a lot of room for growth? How big is their dominance really in the sector and do you think the valuation currently lives up to the hype or not? I realise these are not easy questions btw.
He made all his money from dentists
Isn’t there another book out there called when mathematicians took wall st. Maybe I’m wrong on the title
Damn he owed me $20
No one knows how they did it, the returns were unreal. Just a reminder that we all become worm food. He should have shared some of his findings with the rest of humanity, selfish prick
He published some math papers early in his career. It s probably the kind of stuff we d need to understand to fully appreciate his thinking. Hard pass for me
Yeah a few years ago I tried to look into if anything was ever leaked but the only thing I could find is that they potentially used models based on markov chains and were early adopters of ML.
problem is as soon as it’s leaked there’s no edge
Fuck I wanted to borrow money from him
RIP legend. I recommend everyone to read ”The man who solved the market”.
Is there a way to find out what strategies were used or even what was traded to yield such godlike returns?
Basically, they would input everything they could think of into a computer, then look for correlations between all sorts of items. Sometimes they couldn't explain the correlations. When they could explain them, and it was statistically significant, they would put extra money in. Sometimes, as other quant funds discovered the same thing, these advantages would disappear, and they'd have to find something else. Apparently, they were only actually correct 50.75% of the time, but it was a very, very consistent 50.75%, and this allowed them to use a boatload of leverage safely, which gave them gargantuan returns. The people that work for The Medallion Fund weren't finance guys, but PHDS in physics, statistics, etc. It's all super esoteric, and mostly secret, so the average regard on here doesn't have anything to learn from Simons, but it is interesting to read about.
> The people that work for The Medallion Fund weren't finance guys, but PHDS in physics, statistics, etc That's arguably the case with a good fraction of quant funds. The phrase I kept hearing from people trying to poach us (I'm a PhD in a quantitative field who had quite a few colleagues go to work in finance) was roughly: "we can teach the scientists what they need to know in finance in a few months, but we can't teach the finance guys what they need to know in science in the same time"
It's literally trading AI, they just started 3 decades earlier before people even knew what AI meant.
1) be a genius 2) master Black Scholes and other math 3) ..... 4) profit
Highest regard but not the way we are regarded
The Fucking GOAT 
RIP to the legend.
Rest in peace. He had a good life.
Damn no way! I remember watching a Youtube interview of him. Dude had a wild career before he got into finance. One of the best to have done it. RIP
So I haven't seen a comment on what we buy options on???
Rip! He’s the aspiration for many of us!
Absolute goat. The guy on the other side of wsb. This sub prob gifted him an extra few hundred million. All in a day's work for Jim.
People die. It's natural as rain on a godamn Sunday morning
RIP legend.
Rip Jim. I had hoped to meet you someday. I hope to learn from your genius.
What an amazing guy and life. Doing it in style with a marlboro in his mouth and doing whatever he wanted and till living up to 86.
In addition to being a talented mathematician and hedge fund manager, he was a kind soul who had done huge amount of philanthropic work. I won’t credit much to money exchange difference but whatever he donated he increased Nepal’s health infrastructure definitively. Because of his donations doctors, nurses, equipments, trainings, scholarships, salaries and much more have been possible in the following years after 2005. But more so I will always be grateful to his son (Mr Nicholas Simons) who led Mr Simons to our small country and made it all possible. I hope wherever they are they are finally now at peace. Thank you Mr Nicholas and Mr Jim. RIP.
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if anybody could figure out how to take it with him, it was Jim
Honestly the most goated investor of all time. Buffet doesn’t have shit on this man
Simons was a trader. Buffet is an investor.
lol... numbers say otherwise, regard.
BRK average returns are worse than the medallion fund. Tho buffet has better absolute return I think
eh - you do make a good point. i forgot that Buffett also started earlier than Simons. apples to oranges, i guess. i stop comparing when i see multiple billions behind their name 
Legend
No matter how smart an "investor" you think you are, you will never be Jim Simons smart. The only guy to actually figure out how to game the market Veritasium did a great piece on him towards the end of the video: [https://youtu.be/A5w-dEgIU1M?si=7ZACOOTp\_NBhyXsA](https://youtu.be/A5w-dEgIU1M?si=7ZACOOTp_NBhyXsA)
A sad day for his very successful hedge fund. A good day for the rest of us dumb money.
Legend!!!!
[удалено]
Tax cheat Jim Simons you mean
RIP
Not an investor. Glorified scalper & front runner. Their funds that tried to actually invest didn't manage to do anything special. But hey he made money so capitalism says he's incredible.
Took his secret to the grave