notice how in the end he said he started with fundamentals and wasn't technical at all. and you have these gurus telling you how important fundamentals are lool and the richest man done it using technical
@bernardoh.fusato22802 жыл бұрын
## Jim Simons Principles 1. Be guided by beauty. Just as a great theoram can be very beautiful, a business managed efficiently can be beautiful. 2. Sorround yourself by the smartest and best people you can possibly can have, and let them do their thing. 3. Don’t run with the pack. If everyone is trying to solve the same problem or a group of people think something is the great thing to do - don’t do that. “I’m not the fastes runner, i’m not the fateste thinker”. Do something original and don’t follow the pack. 4. Don’t give up easily. Stick with it. Not forever - but really give it a chance. 5. Hope for good luck. This is the most important principle.
@Chaosdude341 Жыл бұрын
Thanks for summarizing with articulation. :)
@tiagomoraes15106 ай бұрын
be guided by beauty - a non beautiful man
@biotechresearch90082 жыл бұрын
They have the father of quant investing to make a rare appearance on stage and this pair ask some of the most tedious, pedestrian questions...Jim had to ask several times what exactly they were asking
@jamesstmanhattan2 жыл бұрын
Don't follow the pack. Don't run with the pack. Do something original. Don't give up easily, stick with it.
@aniljagruth76644 ай бұрын
Always nice, wonderful to here Jim...RIP
@descartes4512 жыл бұрын
It's helpful to see Jim talk about math. It reinforces the truth that you aren't smart enough to do what he did.
@bvramaiah59592 жыл бұрын
Where there is a will there is a way.. Do it with all your heart and nature surrenders.. Or let's admire the beauty. :)
@Jannikheu2 жыл бұрын
@@bvramaiah5959 If you do trading (which is what Renaissance does) with all your heart and you have no talent, you'll be bankrupt very quickly
@clintwestwood45452 жыл бұрын
@@Jannikheu lmao true. I hate these delusionally motivational sayings
@tomr1642 жыл бұрын
You don't have to be the smartest, as long as you can hire the smartest talent.
@victorolagunju Жыл бұрын
@@bvramaiah5959 and lose your money
@huruhooroo4 ай бұрын
"Chern said it should be multidimensional, and I said OK." That's his quote I try to remember.
@TherecouldbehopeАй бұрын
Where can we find Simon’s thesis ? He said they are in the ‘annal’? Thx
@stefanallen298712 күн бұрын
this guy is living proof that if u are intelligent u can do something that nobody ever did before
@kingdevil6021 Жыл бұрын
For the last 10 years Mr Simon's has been a great window to what's possible.
@DaviMourao Жыл бұрын
Best news of this is that he's finally writing his memoirs
@mushrifsaidin Жыл бұрын
Exactly! Hopefully he comes around to finishing it before it's too late. I know I'll be the first to snap one up.
@avnisha10 ай бұрын
@@mushrifsaidinhas he finished?
@s1lli2 ай бұрын
@@mushrifsaidin did he ever finish?
@wilspu5590 Жыл бұрын
Bless him, he now looking very tired
@CristobalRuiz2 жыл бұрын
"Proprietary data" LOL
@elliotpolanco1592 жыл бұрын
I Hope Simons has the best healthcare he doesn't seem too healthy for some reason.
@broombroom32082 жыл бұрын
He is 84 btw. ANd writing his memoirs... should probably tell you something...
@irinaspalko78462 жыл бұрын
I had a similar impression, esp. compared to some other interviews I watched only a couple of years ago. Hopefully not something serious and he was just exhausted or something.
@Izzy-ve3xz2 жыл бұрын
@@irinaspalko7846 Idk I've noticed in other interviews he speaks pretty slowly. He's pretty efficient with his words and speaks to the point. I wouldn't say it seems like he's unhealthy especially for being 84 and speaking about maths like this.
@DaviMourao Жыл бұрын
@@broombroom3208 and also a lifelong heavy smoker
@whatever-wn1nk Жыл бұрын
he is a smoker
@rockshow20802 жыл бұрын
The man who solved the market, what a legend. But painful to hear the silly questions being asked. And hes a very old man, so normal for him to be a bit slow and bad hearing.
@chiawildy5632 жыл бұрын
And, he still doesn't have the habit of wearing socks.
@ClareBoyd-f8c10 күн бұрын
Jackson Mary White Patricia Williams Dorothy
@thoughtprovoking29166 ай бұрын
"i dont think we have any proprietary data"... meanwhile he describes math that relates to people who investigate time travel... ok Jim lol
@rantg Жыл бұрын
all of that and not a single example of a math field used to trade, not a single one, which is the most interesting question. What anomalies do you find, how for example, etc.
@talwaar00712 күн бұрын
Because of course that’s what one does, reveal one’s proprietary algorithms and techniques to all and sundry so that in a matter of weeks they are useless. Lol.
@bvramaiah59592 жыл бұрын
Jim simons. Is so great he is very generous... He gave hints about his strategy very long ago.. But people should have phd in mathematics , quantum physics , astronomy and computer science.. To understand it.. And nobody takes such pain nor they are curious enough to learn all those.. Soo..no money hunny..
@cornagojar2 жыл бұрын
what hints?
@bvramaiah59592 жыл бұрын
@@cornagojar it's not the peak of mount Everest that makes you feel alive but it's the journey.. Pointing out there are hints is way too much to reveal already I guess rest is your part to do.. :)
@variszarins2 жыл бұрын
@@bvramaiah5959 You basically sound like a retarded pseudo intellectual who talks out of his own ass and nothing of what you just said has any substance. Grow up.
@mattpiper2662 жыл бұрын
Yea it’s about connections on fiber bundles or as physicists like to call it gauge theory. Started with the wu Yang dictionary where Jim was invited by the physicists to give seminars to some physicists and discovered that both fields had developed a the same framework, so a dictionary was made to go back and forth between these two fields. This dictionary is called the wu Yang dictionary. It’s one of the greatest moments in the history of science that created a revolution that still ongoing till this day. What was discovered is that the quantum theory which governs 3 of the 4 forces in nature (weak force, strong force and EM) can be explained through fiber bundle geometry. Quantum field theory which previously was thought to be a weird collection of techniques was actually a natural geometric structure. Now how does this relate to economics and markets you say? Well what is stunning is that economics has the exact same structure!!!!! But the economists have been slow to recognise this. What’s even crazier is that Nobel winner Paul Samuelson was looking for it in the 1950s when he gave his Nobel lecture. He characterised it as the non integrability of indifferent surfaces but he simply did not have the mathematical knowledge to solve it. After this discovery jim likely realised this opportunity snd thus setup a hedge fund to capitalise on this stunning discovery. Renaissance is the greatest hedge fund in history average 66% yearly for 30 yrs and genrating an estimated over 100 billion dollars in the process.
@bvramaiah59592 жыл бұрын
@@mattpiper266 👌💯
@EmmieAfra-y5l10 күн бұрын
Davis Betty Clark Sandra Jackson Nancy
@penelopeelsie1771 Жыл бұрын
This is a good video, I will forever be indebted to you Gardner 😇you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment in money market, thanks so much Mrs Rose Gardner
@elwynphineas9498 Жыл бұрын
As a high school teacher, I got introduced to Ms, Gardner during the pandemic year, I cried about challenges I was facing here in Ireland, during my time working with her, I was able generate returns on my investment.
@bradleyhouston8471 Жыл бұрын
It hasn’t been easy trying to invest as a newbie with few knowledge. I’m trying to create a new stream of passive income. How can i reach out to her? she could be of great help
@penelopeelsie1771 Жыл бұрын
@ROSEGARDNERBIS
@FREEFOREXTRADINGSIGNALS Жыл бұрын
Hi, I train forex trading at a fee of 450 USD, slightly negotiable. The strategy works on any pair
@anilraghu8687 Жыл бұрын
Finance man asking too many questions. Showd have let maths guy ask more questions
@공정환-n1q10 күн бұрын
White David Lee Sarah Moore Elizabeth
@TennysonLouis-s6p14 күн бұрын
Smith Carol Thompson Sharon Hall John
@mikiallen77332 жыл бұрын
But above he rightly hired and employed Daniel Bernoulli's work on emolumentum
@CoNVertibleJay2 жыл бұрын
What a legend this guy is!
@kbriggs212 жыл бұрын
I just heard about him and I've watched and read as much as I can. What a fascinating person and life.
@kuchikibyakuya7697 Жыл бұрын
Smartest billionaire
@Danaadiong2 ай бұрын
❤❤❤munomental boundary and territory .the stone the builders rejected had become a cupstone.
@cauchyschwarz97592 жыл бұрын
Very good interview
@gloriajaimesa2811Ай бұрын
Vague, unassuming, humble. The genie lives in the algo. The brilliance does not live in his presentation.
@shirleysharma21614 ай бұрын
It'll be nice to know how the tic happens. I know demand and supply are factors but how does it happen?
@streetballgh4 ай бұрын
RIP John Simmons. Wall Street is grateful
@thoughtprovoking29166 ай бұрын
oh yeah.... hes knows some secret government shit FOR SURE
@tathanhdinh4 ай бұрын
13:42: Is it true that you never hired people from the investment industry? Never.
@matthewmc4363 Жыл бұрын
This mother, Dealt with the Ochoas. Thus the American military.cia.
@bigpushing7167Ай бұрын
Thank you Jim
@MostafaMelba10 ай бұрын
Just don't give a straight answer 😂
@bbsara01462 жыл бұрын
Does he even know what the secret medallion strategy is tho or does he just collect the huge profits, and his workers manage the codes?
@mikestarks84642 жыл бұрын
i have listened to Zuckerman's audiobook 100 times. A huge key takeaway for me....Simons was persistent for years pushing towards systemization when no one was doing it. Also, his hiring and management of staff was nothing short of brilliant. I have started 7 businesses...doing what he did, when he did it, how he did it and today they are stronger than ever is rare rare rare.
@rohitbtsarmy43562 жыл бұрын
Can u pls explain last 3lines, from i have started 7 business I'm confused whether u r refering urself or simon
@mikestarks84642 жыл бұрын
@@rohitbtsarmy4356 I have started the business...me
@rohitbtsarmy43562 жыл бұрын
@@mikestarks8464 tq , do u tell me, other great person similar to simon
@kingdevil6021 Жыл бұрын
Yeah I think I know what you mean. And also he might be looking at things differently. Are you finance background for example?
@kingdevil6021 Жыл бұрын
Also Zuckermann says the most important thing: James loved making money IMO that's the most thing.
@Samarth-xx2lg2 жыл бұрын
He Played Very Well trying not leak
@aammssaamm4 ай бұрын
Price follows the interest rate.
@NVSTx Жыл бұрын
This man is brilliant, the knowledge that is needed to even understand what he says is insane, we’ve tried to break it down in our video, hopefully it will give you a better view of how you can learn and do exactly like Jim
@winstonphua82582 жыл бұрын
If I
@irinaspalko78464 ай бұрын
RIP 🙁
@gabrielsandstedt2 жыл бұрын
Interesting. Just curious, does he have a large hole in his top right ear ( see the white spot at 09:43 ) or is it just the glasses?
@KalelSonOfDurel2 жыл бұрын
Seems like a hole in his ear to me. Wasn't there a year ago. Skin cancer treatment, perhaps?
@jespervalgreen64612 жыл бұрын
It's the microphone
@jeffreyschnitman248411 ай бұрын
It's sad that a professor at Harvard can't make a living
@anthonyandiles59466 ай бұрын
Stupid jeffrey
@valboolin35385 ай бұрын
Do you have Google
@ProfitableRetailTrader4 ай бұрын
19:30 5 Priciples
@nimamahmoudifar4 ай бұрын
who is dennis?
@Mike-gd2fv6 ай бұрын
he is the goat...
@dukeofdubuque950 Жыл бұрын
Congratulations to any of you who knows what the heck he's talking about.
@jeffreyschnitman248411 ай бұрын
He's just rambling. I took a few classes ar StonyBrook. Nice place.
@mabhadubhadunongombili15113 ай бұрын
Thank you
@billwalton45713 ай бұрын
He didnt give anything away. "Its time series data". And so friken what, give us your method! NOW!
@sofjen5 ай бұрын
briliant man !
@sofjen5 ай бұрын
15:50
@heribertohernandez97134 ай бұрын
🚀
@ashabisht8051 Жыл бұрын
Very interesting
@seppbarbetta515610 ай бұрын
THANK YOU :-)
@robertcliffort2354 Жыл бұрын
NICE.
@yasinnabi2 жыл бұрын
Passive income is the only way you can be part of 10% population and seprate yourself from the Average population. YASIN NABI~~
@gustavochula15392 жыл бұрын
Best investor in the world.
@variszarins2 жыл бұрын
Warren Buffett.
@jeffreyschnitman248411 ай бұрын
Please forgive me, Simmons is using algorithms to mine data knowing when to buy and sell security at the right time.
@RR-et6zp4 ай бұрын
his traders were prioritized before other people's , that was a big secret
@RR-et6zp4 ай бұрын
@@jeffreyschnitman2484 his traders were prioritized before other people's , that was a big secret
@gloriajaimesa2811Ай бұрын
I fully disagree. Call me prehistoric, but building algos is far from the fundamental, which is investing in real world.
@herul7788 Жыл бұрын
41:00
@stelios832 жыл бұрын
Who is Dennis?
@jespervalgreen64612 жыл бұрын
His close friend, mathematician Dennis Sullivan, 2022 Abel Prize recipient, and so the reason Jim Simons is in Oslo.
@kuchikibyakuya7697 Жыл бұрын
Richard dennis?
@piyushdamor48262 жыл бұрын
Richest Mathematician
@piyushdamor48262 жыл бұрын
@Rick Sanchez D99 Technically engineers are not mathematicians and engineering is applied physics .
@wideputin51942 жыл бұрын
@Rick Sanchez D99 No. Applied mathematics is a field, usually one could only be (called) an applied mathematician after one obtained a PhD degree in mathematics/applied mathematics or related field. Studying in applied mathematics involved working with lots of theorems, proofs rigorously which I doubt engineers nowadays can do any.
@wideputin51942 жыл бұрын
To put it briefly, applied mathematician is a subset of mathematician, but engineers is not a subset of mathematician, therefore engineers clearly are not applied mathematician.
@piyushdamor48262 жыл бұрын
@Rick Sanchez D99 There are many fields where mathematical applications are required but it doesn't mean all of them are applied mathematics .
@AlgoNudger2 жыл бұрын
@Rick Sanchez D99 SANCHEZ is talking about Physics and Math?!?! ROFL 🤣🤣🤣
@CaptainPlanet0072 жыл бұрын
I have no idea what he’s saying but since he’s a billionaire I’m listening with both ears opening lol!
@Little-bird-told-me11 ай бұрын
Humility is not one of his qualities. All though he is a great guy, I get a visceral antipathy when I hear him speak.
@jamesrav3 ай бұрын
I don't sense that, I think it's just his brusque, direct manner. He always acknowledges when others had solutions - he admits he relied on great talent. I think he'd say he was a very good mathematician, but perhaps knew little else.
@Little-bird-told-me3 ай бұрын
@@jamesrav the man was lucky too, he was a chain smoker yet lived to be 86. Good for him, though.
@Anon1234542 жыл бұрын
He's full of BS in responding to the "which type of data do you collect" question - doesn't want to reveal the secret sauce lol
@watchingvideos98712 жыл бұрын
I don’t believe this is true although this has been the narrative for years.
@stelios832 жыл бұрын
Dont jump the gun here buddy. What he means is that they are collecting all possible publicly available data. How his system interprets the correlation between that vast amount of information….. that is the million dollar question and he wont give it away ofcourse
@darluok23 Жыл бұрын
@@stelios83it’s the multibillion dollar question!
@surfingbilly9654 Жыл бұрын
they definitely collect more than just publicly available data, 90% of financial quantitative analysis is having access to higher quality data than the market.
@RostamiMehdi5 ай бұрын
If he reveals, you and I wouldn't benefit. Other rich guys would use them and make money.
@nebaadi12 жыл бұрын
May Allah guide you to the straight path of Islam Jim Simons
@jasoncloner7 ай бұрын
but didn't he take away smart people from doing useful work for society and used them to pile up cash? shame really
@billwalton45713 ай бұрын
yeah the is a doctor that quite his job to be a fulltime trader with gareth soloway
@jg-up1jl Жыл бұрын
dudes full of himself…writing his own obituary…pathetic