How A Math Professor Humiliated Hedge Fund Managers

Рет қаралды 442,452

Күн бұрын

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I'm sure you've heard the saying that you can't time the market and that time in the market always beats timing the market. And for most people, this is absolutely true and this is why over 90% of day traders lose money. Even pro hedge fund managers who spend their entire lives trying to outplay the market struggle to beat market returns. A math professor named Jim Simons though was not only able to outperform the market for 1 or 2 years, but for 43 years with an average annual return of 66% before fees. Jim Simons was originally a math professor who taught at MIT and Harvard, but he eventually decided to use his understanding of mathematical models to try modeling the market. He didn't instantly succeed, but over several years, Jim and his team were able to develop a system that could consistently outperform the market, and they've been doing it ever since. This video explains the life of Jim Simons and how he built the world's fastest-growing hedge fund: Medallion.
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Timestamps:
0:00 - Beating The Market
1:17 - Pursuing Academia
2:51 - Machine Learning
4:50 - Niche Trading
7:19 - Taking Fund Private
9:20 - Legacy Of Medallion
Resources & Thumbnail Credits:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Пікірлер: 690

@jeez5735 2 жыл бұрын

"Humiliated hedge funds" shows people who doesn't lead hedge funds

@LogicallyAnswered 2 жыл бұрын

You’re right, I was just trying to show that $1 into Jim Simons would’ve outperformed $16 into everyone on the right.

@CJ_102 2 жыл бұрын

@@LogicallyAnswered Well some of those folks are still going, barely getting started in fact.

@JoshuaMinnaar 2 жыл бұрын

Come on man

@EhteshamShahzad 2 жыл бұрын

@@LogicallyAnswered people on the right are most tech ceos (some now ex). The thumbnail is misleading

@MrVinnyable1 2 жыл бұрын

Yeah this thumbnail is absolutely absurd, misleading and shows what's wrong with people's mindset. Instead of wanting to build great, successful businesses, everyone just wants to pile some money into trading and hope to get 10x or 20x, retire.

@sasakaba5718 2 жыл бұрын

As far as your question is concerned, that of, _“Which would one prefer - timing the market like Jim's strategy or playing the long game like Buffett ?”_ I'd prefer the latter 😅. And the reason why I'd prefer Buffett's strategy over Jim's is because it does accomodate all types of people. For instance, a large portion of Berkshire Hathaway's shareholders meetings is filled with basic business common sense and a transmission of wisdom passed over by people who have traversed the business world throughout decades. On the other hand however, Jim's strategy is very sophisticated and only a niche group of highly advanced academics (particularly those of Mathematics or Computer specialities) can approach. Buffett's strategies are hence more *'Universal'* !

@LogicallyAnswered 2 жыл бұрын

True, plus it’s a lot less stressful I think

@sasakaba5718 2 жыл бұрын

@@LogicallyAnswered , Indeed ! Buffett's strategy is far less stressful 😃. At times, his principles seem too simple that many can easily neglect or overlook ! 😅

@No_BS_policy 2 жыл бұрын

I prefer Jim's method because patience is something I have not been bestowed with. I always feel the need to see returns as quickly as possible. The quicker, the better. Talking about efficiency. The only catch here is that as you have mentioned an aspiring quant must have a superior level of mathematical aptitude as well as computer programming. These qualifications are usually obtained through a PhD in Mathematics or in Physics and even a PhD in Computer Science.

@ariavachier-lagravech.6910 2 жыл бұрын

@@No_BS_policy Well then my good sir, do you have PhD on Math or Physics?

@UxJoy 2 жыл бұрын

Jim's strategy basically shows you how complex the world actually is. Fascinating but tedious. On the other hand, it would be super interesting to know all the nuances of that model (atleast for me).

@georgebrooking3820 2 жыл бұрын

Jim Simons is one of the greatest mathematical minds of his generation and worked on leading edge research. He finished a PHD at an extremely young age at Cal. The man is a legit genius, of course he beat out a bunch of hedge fund managers lol

@bahenbihen 2 жыл бұрын

Still though, making 80%+ net return in 08 is pretty impressive. You gotta be a genius for this shit

@rajinfootonchuriquen 2 жыл бұрын

But he didnt do the math with he work in his hedge fund

@georgebrooking3820 2 жыл бұрын

@@rajinfootonchuriquen source

@rajinfootonchuriquen 2 жыл бұрын

@@georgebrooking3820 kzfaq.info/get/bejne/ndCGd9SXus68f40.html 5:30 He explain his beginnings into hedge funding

@user-ux3qt4sx3e 2 жыл бұрын

@@rajinfootonchuriquen i also thought about it , typical mathematics steriotype 😑

@micahcoleman2760 2 жыл бұрын

Another reason they went private is because the AUM has to be a certain amount for the algorithm to actually work. This is also a reason why people still consider Warren Buffett to be the best investor due to the fact that he manages more capital than Jim ever has. And the more money you have to invest, the harder it is to get a large return.

@christian_swjy 2 жыл бұрын

Agree, big AUM made it cumbersome for them to move.

@vatankumarattri392 2 жыл бұрын

Pure brain power vs some processor doing the job

@rashidkhan-xm4rl 2 жыл бұрын

its harder because of liquidity issue

@VictorF0326 2 жыл бұрын

The algorithm might want to sell it's entire portfolio to make the biggest returns to make 200% returns, but that decision could affect the market when there's billions of dollars that it can control and it probably also faces legal charges.

@btfdd 2 жыл бұрын

But Buffett has a large portion of his AUM retained on cash. I bet Jim invest more money (by % of AUM) than Buffett these days and that make him the goat

@dorian4646 2 жыл бұрын

Medallion in a nutshell : me and homies get rich with sheer brainpower

@rajattalnikar6167 2 жыл бұрын

Wow, this man is genius. He actually applied concepts of maths, stats and machine learning rather than just sitting in a room writing a book or teaching at a university.

@LogicallyAnswered 2 жыл бұрын

Yep

@parimtm 2 жыл бұрын

Lucky* is a better word..buffet>>>>

@khj5582 2 жыл бұрын

You could argue the other way that he used his talent on making obscene amounts of money for himself instead of using it for the good of society, i.e. research and teaching.

@sebastianbratu402 2 жыл бұрын

I know this is a little late but there is a plethora of PhDs who, despite having written a book or two and taught at university, are also as successful as Jim Simons in creating a massive absolute return hedge fund. See Merton, Scholes, Black, Markowitz, Sharpe, etc.

@pranavdeshpande4942 Жыл бұрын

@@LogicallyAnswered How do you manage to reply to every single comment?

@spouwnerring 2 жыл бұрын

It's a good thing to that there are honest rich people like Jim out there.

@savejeff15 2 жыл бұрын

Would be good if they did something with that money and not just hort it for fun. These mega rich suck out the lifeblood bod the general economy

@parimtm 2 жыл бұрын

Honest people are never rich😂🤦🏿‍♀️ It's not what it looks like 😂

@parimtm 2 жыл бұрын

@Valzac Entertainment all top guys in any field do that....

@Mike1Lawless 2 жыл бұрын

Overcharge + Underpay = Profit There is no honesty in profit just stupid people that accept BS!

@calummcloughlin8090 2 жыл бұрын

I hope this comment is a joke… biggest tax settlement in history lmao

@friendlyeuropean 2 жыл бұрын

This is not correct. It's his medallion fund that produced average returns of 66% after fees. Also the Medallion fund is capped at $10B, most of its other funds have actually underperformed in recent years.

@millenniummanagement577 2 жыл бұрын

Because Jim Simons strategy is not that great :-)

@youngatnaruto 2 жыл бұрын

@@millenniummanagement577 than how did he get a 65 percent return over 43 years

@millenniummanagement577 2 жыл бұрын

@@youngatnaruto Because strategy was not good that's why he made 62% a year for over 43 years. If strategy good he should have made 600% a year 🙂 If you want to see Good results, Let me know, I will show you. Drawdown low than 5%. Risk not more than 0.10% on each trade of account capital amount. Leverage used 1 : 5 Return more than 20% every month 🙂 Compounding every month 20% for 1 year. You are smart you will know the profits for 1 year 🙂

@youngatnaruto 2 жыл бұрын

@@millenniummanagement577 I mean in comparison to the Index funds SP500/ Nasdaq100 they are the two most profitable Index and yet at their highest they have returned 40 percent

@millenniummanagement577 2 жыл бұрын

@@youngatnaruto when you trade big amount, you need to win big money as well, someone have to trade and lose you to win 🙂 They do trade lot of instruments in this market. Jim Simons system was not that powerful that can make a lot of money. Otherwise they have traded all instruments and make lot of money.

@finnwheatley2194 2 жыл бұрын

In the quant world, it not just Medallion's absolute returns or consistency that people find amazing, its the capital they do it on. Medallion is actually very volatile day to day, but consistent over months and years bc they are quite high frequency. I'm told Medallion's Sharpe is ~2.5 on daily data, which is high but not stellar - some top high frequency algo shops do a Sharpe of 5-10+. The difference is capital. Most high freq traders operate on $5-100m of net assets (i.e. ex. leverage). The thing about Medallion is it does a Sharpe of 2.5 (~50-100% p.a. gross return on low monthly volatility) on $5-10bn of invested equity capital, which is unheard of..

@BosonCollider 2 жыл бұрын

Right. At that scale you can't do HFT and you need several days to get in and out of positions. You have to win entirely on having a smart algorithm, not on having a faster one.

@hariharpuri1362 2 жыл бұрын

Heghe funds is literally a happy sticker on just a chaotic system and algorithm. By the way, good to know about hughe funds more . Great video hari 👍🏻 And the pun is “stock” itself 😂

@LogicallyAnswered 2 жыл бұрын

Hahaha 😂

@hariharpuri1362 2 жыл бұрын

@@LogicallyAnswered 😂

@donb2527 2 жыл бұрын

I don’t think you know what a hedge fund is, or what their goal is.

@martianhaze9750 2 жыл бұрын

Jim simmons is literally one of the worlds greatest mathematicians,ofcourse he beat the markets

@ohranjegallante1203 2 жыл бұрын

Well, companies in inflationary environments not only have to keep up with the inflation but beat it to make any profit to survive. To this end they employ several methods such as shrinking products or using less packaging to make the profits one year while keeping the print price the same and the next year they might increase the print if they can't shrink anymore but cloak it by changing the offered size of the product to be larger but changing the price disproportionately to the size increase. Consumers who do not pay attention are none the wiser in the process.

@Misanthrope84 2 жыл бұрын

Well, Jim is a legend. He hires the brightest people in the world. Only Phd's and such. He deserves all the credit he can get.

@LogicallyAnswered 2 жыл бұрын

He sure is a legend!

@tpeterson9140 2 жыл бұрын

Kinda sad though that the brighest minds in the world doesnt use their brilliance for something better. Like solving climate change.

@jonathanmauringjr6795 2 жыл бұрын

@@tpeterson9140 why wont you do it yourself though. As if being smart, compels you to solve all of the shit that dumber people create.

@MrDenyven 2 жыл бұрын

Then how come his institutional offerings RIEF, RIDA and RIDGE all absolutely shit the bed in 2020 vs SPX. Kinda fishy that all the good returns are internalized through Medallion, no?

@tpeterson9140 2 жыл бұрын

@@jonathanmauringjr6795 They are free to pursue whatever career they want I just wish there was more money to be made doing something good for the world to attract top talent like these guys.

@soltaniDOTse 2 жыл бұрын

My strategy has always been to buy high and sell low.. 5 out of 11 times it works 100% of the time 💪

@soltaniDOTse 2 жыл бұрын

@Henzo88 Reserve a parking spot next to yours, I'm on my way! 🤣🙈

@sweealamak628 2 жыл бұрын

Jim is an inspiration to me. I embarked on a similar journey employing ML techniques to “solve” the market. I have only cracked it a little, achieving limited success in a small section of the markets. That by itself was a monumental effort over 3 years having to fail many hypothesis’ and relearning again. I was torn between Supervised and Unsupervised learning but ended up discovering more sense resulting from Supervised Random Forest Classification and Regression. But without implementing unsupervised models I am certainly missing out on factors that move markets. Renaissance Tech is the real deal and I only hope to achieve a fraction of their success.

@LogicallyAnswered 2 жыл бұрын

Good luck man!

@sweealamak628 2 жыл бұрын

@@LogicallyAnswered Thanks dude! I’d rather have luck any time and win the lottery than to slog away at this haha.

@reinhardwilmer 2 жыл бұрын

The main problem that we have as retail investors writing models is that we do not have access to all the data Renaissance have amassed over the years that made their models so good

@kumar_srivathsan 2 жыл бұрын

keep up the good work man kudos to you

@aniketprasad3128 2 жыл бұрын

@@reinhardwilmer I would certainly agree to it.

@thomasf.4181 2 жыл бұрын

Their signature hedge fund is market neutral. That means they don't time the market. They hold as many long positions as they hold short positions. What they bet on is patterns/signals in markets. In fact, they famously also got quite nervous when the market sold off and scrambled to respond.

@BosonCollider 2 жыл бұрын

Right. They do make more money during downturn year because they make money from volatility, and downturn years see more volatility

@leonmozambique533 2 жыл бұрын

When the thumbnail is full of tech CEOs instead of hedge fund managers LOL

@LogicallyAnswered 2 жыл бұрын

Well, tech CEOs have far greater life time returns than hedge fund managers hahaha

@Dmoney12346 2 жыл бұрын

I guarantee his memory wasn’t bad, he was probably thinking about things more exciting to him

@LogicallyAnswered 2 жыл бұрын

Maybe

@josephcoulter6244 2 жыл бұрын

Pretty sure I have actually seen an interview with him where he explicitly says that, or at least that when he finished sweeping, he would just continue sweeping the bare floor or throw some dirt back on it, because it was easier to think about math when sweeping.

@andrewgreeb916 2 жыл бұрын

Makes me think of Einstein, someone whose head wouldn't store unnecessary information to the point if asked his phone number he'd look it up in a phone book, and his wife painted his house door red so he'd stop missing his house and walking past

@hikashia.halfiah3582 2 жыл бұрын

@@josephcoulter6244 Yeah, it can be easier to think math when you do something routine, it basically keep you in that flow state of thinking. Sweeping or take a long shit also works.

@Couldthinkofabettername 6 ай бұрын

@@hikashia.halfiah3582 why Sheldon got a job at the Cheesecake Factory

@anustubhmishra 2 жыл бұрын

Renaissance technology might have the largest ratio of working millionaires in the world

@ivzh5025 2 жыл бұрын

Some of them must be billionaires at this point

@LogicallyAnswered 2 жыл бұрын

Yeah probably

@DeepKnowledgeSpirituality 2 жыл бұрын

Interesting Hari, thanks a ton for the video, you are an inspiration.

@LogicallyAnswered 2 жыл бұрын

Thanks for watching man!

@MAC-vi7fy 2 жыл бұрын

@@LogicallyAnswered Hey man where does your name come from? It’s actually a quite meaningful word in my culture but I guess you are from the west right?

@vishalpratap6991 2 жыл бұрын

@@MAC-vi7fy tell me you are Indian without telling me you are an Indian 😇

@kannadainfo9645 2 жыл бұрын

@@MAC-vi7fy he is Hindu. Indian origin

@MAC-vi7fy 2 жыл бұрын

@@kannadainfo9645 wow. How do you know?

@brooklynpamela8410 Жыл бұрын

To achieve greatness, you need to start working towards it. Investing remains the smartest way to prepare for the unexpected. Been into this for 6yrs and I'm extremely pleased with the returns. The good news is - it's not too late to start.

@miguelshabab6630 Жыл бұрын

My first investment with expert Mrs Mitchell O'Brian gave me the assurance that made me invest without the fear of losing I got six of my friend involved with her already 💯

@brooklynpamela8410 Жыл бұрын

Make a note to Mrs Mitchell O'Brian on Whats"App regarding your interest on investing in bitcoin.

@theodoresticher8196 Жыл бұрын

+1901

@theodoresticher8196 Жыл бұрын

235-

@theodoresticher8196 Жыл бұрын

5381

@manu-zv6tz 2 жыл бұрын

I love this story but can´t help but feel like I´m being kept out of the best birthday party in the neighbourhood. 66% a year??!!! absolutely crazy

@eduardoalbornoz2718 2 жыл бұрын

respect the man who did the same thing for his whole life,hes really good at it

@goodyKoeln 2 жыл бұрын

I’m bad at timing the marked but somehow totally nailed the 2020 “crash”. 🤭

@Mahlak_Mriuani_Anatman 2 жыл бұрын

I hope we all get some massive break through in business etc I mean we all deserve better than "some", but life dosent run that way :(

@Sarcasmka14 2 жыл бұрын

Salute For This Professor

@Melki 2 жыл бұрын

Thank you :) if it's said that the market reflects future predictions of a company's value that's reasonable, but let's not forget that the share that you'd be buying from the market would be the current share of the company.

@elvisochieng6267 2 жыл бұрын

Oh I was waiting for his story he truly has a gift totally my favorite hedge fund manager

@LogicallyAnswered 2 жыл бұрын

Hope you enjoyed Elvis!

@TiMon-Experience 2 жыл бұрын

Really great Smartness put in right track 👌🏻

@cardinalrule6810 2 жыл бұрын

What's the music that plays for the first 7 minutes of the video?

@josephcoulter6244 2 жыл бұрын

Since I took the time to be critical of your video about piracy, maybe it's only fair that I be vocal about thinking that this video was great. Loved it. Jim Simons is super interesting.

@abhiramdirisina6505 2 жыл бұрын

Excellent video with good insight made me to subscribe to this

@LogicallyAnswered 2 жыл бұрын

Thank you Abhiram!

@NandishPatelV 2 жыл бұрын

I have heard about him. I knew he applied maths to predict the market. Thanks. KeepSmiling 😊🌺

@alhdlakhfdqw 2 жыл бұрын

really great contents thank you very much! :)

@LogicallyAnswered 2 жыл бұрын

Thanks for watching Alireza!

@ariserusic 2 жыл бұрын

Well makes sense when probability is part of math

@LogicallyAnswered 2 жыл бұрын

Yep

@mynameis7964 2 жыл бұрын

Great content dude

@stephensawyer2511 2 жыл бұрын

I love how there’s one hedge fund manager in your thumbnail

@alex9046 2 жыл бұрын

so after reading the book... did Simons write even a single algorithm at RT? It seems like he didnt write a single line for Medallion, ever?

@khalidhakimi93 2 жыл бұрын

you can think of investors or traders like different animals in the jungle, each has their own skills, so when a tiger and cheetah attack their prey then what does it matter if their belly is full?

@mukamuka0 2 жыл бұрын

For me having net worth of $1B and $10B is not going to be different. So, the winner is low stress/high return of a private investment fund, that is what matter to me.

@vatankumarattri392 2 жыл бұрын

Accurate

@nasimmrito1007 2 жыл бұрын

Not when you’re buying buildings at MIT and telling them what to research and who to do it.

@oliver-nation4377 2 жыл бұрын

Why is the sound quality so bad in the start. You know with editing software you can change volume to steoreo.

@DarkbaseTTV 2 жыл бұрын

The thumbnail already makes this an interesting thing because none of them are fund managers

@tonmy21 2 жыл бұрын

Jim Simmons at any given time is pure embodiment of 💎 genius and no one can take away of being one of Inspiring Human Beings on this planet however I would pick the latter coz I suck at Mathematics...

@egal1780 2 жыл бұрын

0:19 what about the risk adjusted Returns?

@niidaimehokage5731 2 жыл бұрын

When this video will get it subtitle? By the way English isn't my 1st language

@bjorn6084 2 жыл бұрын

With trading algorithms, it is about being different, because if everyone copies your algorithm, it won't work anymore as the strategy is traded into diminishing profitability. Best to keep it secret while his algorithm remains one of the best.

@noname_hacke_9747 2 жыл бұрын

Algorithm is not a really good way to know

@johnjavier36866 2 жыл бұрын

Big respect to this guy.

@gogolouie7768 2 жыл бұрын

Is there a ETF that follows his fund?

@Gold-cb2pq 2 жыл бұрын

Either strategy works, the key is having good data.

@lecadou 2 жыл бұрын

To be honest, no one know what is included into renaissance technology algo.

@lukecockburn1140 2 жыл бұрын

I've heard Eric Weinstein mention jim & I was interested so I'm excited that you have made a video on him this should be really interesting subject wide & very well produced as the rest of your videos

@LogicallyAnswered 2 жыл бұрын

Thanks Luke!

@mask8099 2 жыл бұрын

From beating the stock room in the grocery store to beating the stock market

@LogicallyAnswered 2 жыл бұрын

Hahaha, he didn’t beat the stock room though

@mask8099 2 жыл бұрын

@@LogicallyAnsweredif you’re talking technically

@Hemzees 2 жыл бұрын

Hedge fund managers but the thumbnail is of CEOs.

@2kspam39 2 жыл бұрын

The professor looks like Gregg Popovich🤔

@LogicallyAnswered 2 жыл бұрын

For real!

@samking618 Жыл бұрын

The 66% annual returns (39% after fees) which we compare with the 10% S&P500 return seems misleading, let me explain: The 66% annual is not compounded, it's just a normal average because the fund is capped at $10 billions so they have to disburse profit annually. Now I did some calculations: If the fund is making 66% annual (39% after fees) on $10B corpus, distributing the profit annually and if the profit is reinvested in the index, then the Invester will get a CAGR of roughly 15.24% for a 30-year period (which is still great but nowhere compared to 39% or 66% which we see everywhere)

@MdSiam-kw5ox 2 жыл бұрын

I like this strategy of moving the funds to private.

@randomyoutubechannel4794 2 жыл бұрын

2:10 - 1958 there was no bachelor-master-system, or am i wrong?

@victorespino5650 2 жыл бұрын

Hedge funds are to HEDGE positions, not to out perform

@Christian-fx9ur 2 жыл бұрын

Well, RenTech owned 20 million Tesla shares at the end of 2019. Recently, they increased its Tesla holdings from about 204,000 shares to 814,000 shares. They would have been up by many billions of dollars if they just held onto it. So, who knows which is the better strategy? He made it a closed fund because of pressure from share holders? That seems odd.... Has Warren Buffett ever had an issue with pressure from shareholders? Doesn't he just do his thing regardless? Though, maybe BRK-A effectively a closed fund because its share price is so high?

@khaledsrrr Жыл бұрын

Compared to his riches, he is the most modest individual I have encountered both online and in person.

@vanyac6448 2 жыл бұрын

Well, that’s one reason why universities are worth funding and worth going to: they produce people like Jim Simons. This is an extreme example though. Most people will get a more modest return. Nonetheless, the same kind of good will still get done for you, just to a lesser extent.

@SoggyBagelz 2 жыл бұрын

lol

@michaelchen2718 Жыл бұрын

I don’t get what the hell the thumbnail is trying to convey. LMAO

@johnhanderson4016 2 жыл бұрын

When you invest, you’re buying a day you don’t have to work

@jasminerhodes5462 2 жыл бұрын

Asset that can make you rich Bitcoin Stocks Real estate

@robertmegan1780 2 жыл бұрын

@@jasminerhodes5462 You’re right sir, it’s obvious a lot of people remain poor due to ignorance, it’s better to take risks and make sacrifices than to remain poor

@audreywarner7327 2 жыл бұрын

@@robertmegan1780 It’s not ignorance but due to some unprofessional broker in the market

@zacharyjon4318 2 жыл бұрын

Bitcoin is the most profitable investment online if only you trade with the help of a professional expert

@zacharyjon4318 2 жыл бұрын

I’m from Spain I have been an investor in the crypto market for over 2 years now

@danygauthier605 2 жыл бұрын

I wish I could work there

@Mahlak_Mriuani_Anatman 2 жыл бұрын

Suggestion: You should always enable caption auto or manual I needed it this time : /

@LogicallyAnswered 2 жыл бұрын

Sorry man, I always input the script, but KZfaq only matches them about half the time.

@suprememaster649 2 жыл бұрын

4:10 where is this video from

@LogicallyAnswered 2 жыл бұрын

Storyblocks

@suprememaster649 2 жыл бұрын

Thanks

@neeljavia2965 2 жыл бұрын

Long term still gives you better returns. But you need to have patience.

@parimtm 2 жыл бұрын

That's why Buffett always>>>>Jim

@neeljavia2965 2 жыл бұрын

@@parimtm True.

@YannMetalhead 2 жыл бұрын

Good video.

@mr.alkenly889 Жыл бұрын

Imma be real this is the exact same idea I had like a few weeks ago, using neural net to time trades with silver

@anesali8965 2 жыл бұрын

Awesome

@jorgklatt396 2 жыл бұрын

Best formula to crush everyone is to counter my moves 💪🏼👌

@l4m41987 2 жыл бұрын

perfect example why all the get rich quick schemes are easy to identify. If some one has a Formular for the market, they will try to keep it private and just print money.

@SugarBoxingCom 2 жыл бұрын

Math prof took the economy class while the managers flew their business jets. A real humiliation

@tarekz9992 2 жыл бұрын

I wish he'd open it up to those with middle class and less incomes

@claude7122 2 жыл бұрын

Another success story to learn from.

@Heldarion 2 жыл бұрын

Simons didn't create the massive gains by investing long term as the conclusion of the video suggests. He built up the fortune almost exclusively through day trading executed by his algorithm(s). In fact, when Renaissance capital tried to break value investing (basically going long) in a similar way, they performed worse than S&P500 (marginally so) and by extension much worse than Buffet or others doing value investing.

@leoe.5046 2 жыл бұрын

Oh boy, I wouldn't wanna feed a 80's Computer any data...RIP

@Twist_UAP 2 жыл бұрын

In the thumbnail there was literally no hedge fund

@carlsoll 2 жыл бұрын

To answer your question near the end, if you’re young and can still take risks. Than yes, go for it and try to mirror his investment strategy. Otherwise, play it slower and less riskyyy.

@taleladar 2 жыл бұрын

0:55 So actually, considering I am sure this guy had more than $100 to invest, he should be a quintillionaire, and have a net worth of far more than 23 billion dollars, imo...

@Jj-zh6xp 2 жыл бұрын

True , but 23 billion is also more than him and his family could ever spend for hundreds of years 😭. Don’t think it matters that much my guy

@sreerajns8618 2 жыл бұрын

Nice

@c0dakw0lfgaang48 2 жыл бұрын

This is good and all, but all of you people watching this video dont forget that during the covid, renissance has incured huge losses too, and a lot of investors have withdrawn their money. Because even with all the statistics, mathematics and computational power, they couldn't predict the crash happening due to covid. Because what a human can predict and come to conclusions is not even near possible for an AI or Mathematical model during abnormal conditions.

@qwertyuuytrewq825 2 жыл бұрын

Return of 66% definitely doesn't look like a scam

@zacksnyder4082 2 жыл бұрын

I know, definitely something up with that

@bxbank 2 жыл бұрын

Where does BlackRock fit in comparison?

@LogicallyAnswered 2 жыл бұрын

Just a fraction haha

@trentarnold2670 2 жыл бұрын

I wish all of us could be a part of Renaissance Technologies

@johnbenjamin2703 2 жыл бұрын

GET A PHD IN MATH HE WILL HIRE U jb.ok

@chrissmith5287 2 жыл бұрын

Eyyy, I go to stony brook!

@LogicallyAnswered 2 жыл бұрын

Nice

@n0thing257 2 жыл бұрын

But in the thumbnail only two of them were hedge fund managers

@maxb5957 2 жыл бұрын

Max was here

@mihaillapin1755 2 жыл бұрын

It doesn’t make any sense to look at the gross returns without any fees or taxes. Such strategies expensive to roll out, and the average don’t even break even.

@phillipotey9736 2 жыл бұрын

He was using von Wagner machine learning models btw.

@aydencz1239 2 жыл бұрын

thumbnail makes no sense

@LogicallyAnswered 2 жыл бұрын

It’s saying that $1 invested into Jim Simons would’ve resulted in more money than $16 into the people on the right.

@warrenarnold 2 жыл бұрын

@@LogicallyAnswered but it disturbs me why didnt jim himself invest this 1$ on himself, or did he doubt himself that much? Why is he not the richest though? Or how can i invest in this jim guy?🤔

@LogicallyAnswered 2 жыл бұрын

He did, that’s why he’s worth $22 billion today

@tradingscape8910 2 жыл бұрын

@@LogicallyAnswered bruh it dont connect with your title.

@aydencz1239 2 жыл бұрын

@@LogicallyAnswered ohhhhhh, my bad, I didn't realize your brain was 20x bigger than mine

@porogonlovespokemon1648 2 жыл бұрын

Jim Simons is also the best secret philanthropist.

@zyth6125 2 жыл бұрын

The assumptions on working in a hedgefund in this video is wrong. Roughly half your bonus is kept within the fund every year. So you are also an investor in the fund just as in rentech.

@stephaniemichelle8853 2 жыл бұрын

Mrs Clarissa is legit and her method works like magic I keep on earning every single week with her new strategy

@richardsusan5478 2 жыл бұрын

Wow I' m just shock someone mentioned expert Mrs Clarissa thought I' m the only one trading with her

@richardsusan5478 2 жыл бұрын

She helped me recover what I lost trying to trade my self

@Davidmoore-tz8ob 2 жыл бұрын

Mrs Clarissa is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days

@avaljane2764 2 жыл бұрын

Who's this professional everyone is talking about I always see her post on top comment on every KZfaq video I watched I think I'm interested how can I get in touch with Mrs Clarissa

@vivian3882 2 жыл бұрын

Seeking for her contact details.

@sureshtekwani7196 2 жыл бұрын

Very few people can become like him .first you need to pro in maths than you need to put couple of decaies to solve market.

@namanjain3527 2 жыл бұрын

So we just need to add a line to Peter Lynch famous statement Don't time the market as most people loose more then they gain but you can time if and only if you are a mathematical genius.

@LogicallyAnswered 2 жыл бұрын

Hahaha well said

@victorbellew3759 2 жыл бұрын

I try to trade conservatively and since I started in April I have made an average of about 20% a month just holding and selling covered calls. I know the market is weird right now but with compounding growth I should be able to double my money every eight months if I reinvest. In April I had just under $30,000 and this week I’m at about $85,000. If I can make this same strategy work for another three or four months I might have enough income to live on my weekly returns.

@georgefeldman5647 2 жыл бұрын

20% a year is crazy, forget 20% a month. That being said, it doesn’t seem very sustainable, so make sure your in a good position when the correction comes to make even more money.