Bestselling author and veteran Wall Street Journal reporter Gregory Zuckerman answers the question investors have been asking for decades: How did Jim Simons do it?
Jim Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros. Yet Simons and his strategies are shrouded in mystery. Wall Street insiders have long craved a view into Simons's singular mind, as well as the definitive account of how his secretive hedge fund, Renaissance Technologies, came to dominate financial markets. Bestselling author and Wall Street Journal reporter Gregory Zuckerman delivers the goods.
After a legendary career as a mathematician at MIT and Harvard, and a stint breaking Soviet code for the U.S. government, Simons set out to conquer financial markets with a radical approach. He hired mathematicians, physicists, and computer scientists, most of whom knew little about finance. Experts scoffed as Simons built Renaissance Technologies from a dreary Long Island strip mall. He amassed piles of data and developed algorithms to hunt for deeply hidden patterns in the numbers--patterns that reveal rules governing all markets.
Simons and his colleagues became some of the richest individuals in the world and their data-driven approach launched a quantitative revolution on Wall Street. They also anticipated dramatic shifts in society. Eventually, governments, sports teams, hospitals, and businesses in almost every industry embraced Simons's methods.
Simons and his team used their newfound wealth to upend society. Simons has become a major influence in scientific research, education, and politics, while senior executive Robert Mercer is more responsible than anyone else for Donald Trump's victorious presidential campaign. The Renaissance team's models didn't prepare executives for the ensuing backlash.
The Man Who Solved the Market is the dramatic story of how Jim Simons and a group of unlikely mathematicians remade Wall Street and transformed the world.
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评分##【第三十三本】要读一本英文原著真是费时间啊,前前后后读了三周时间。像文艺复兴基金,西蒙斯这样的高频量化基金的故事总是充满了神秘和向往,打败市场对传奇和量化高频交易的鼻祖,让很多人神往。但是真的读了这本书后才发现,整个公司的创始和发展历程充满了波折和变化,即使是西蒙斯这样的学术大拿也不是说轻松搞定市场的,何况最大的调整不仅仅是模型,而是如何管理手下这么多天才和科学家,让大家能在同一个平台为同一个目标一起努力,这远比西蒙斯研究数学问题要来的复杂的多。从Baum到Ax到Berlecamp到Mercier和Brown,从最初的趋势交易到指标交易,慢慢过渡到后来完全机器自动交易,即使取得巨大的成功,但是碰到了2008年金融危机时西蒙斯还是不能完全信任程序判断,要人为干预仓位,所以投资真是一项反人性的事
评分##痛读两天搞定。虽然只是传记,但还是了解到很多的,周末有空时写心得。
评分##比外面看到的要艰辛许多。
评分##没啥大意思
评分##【第三十三本】要读一本英文原著真是费时间啊,前前后后读了三周时间。像文艺复兴基金,西蒙斯这样的高频量化基金的故事总是充满了神秘和向往,打败市场对传奇和量化高频交易的鼻祖,让很多人神往。但是真的读了这本书后才发现,整个公司的创始和发展历程充满了波折和变化,即使是西蒙斯这样的学术大拿也不是说轻松搞定市场的,何况最大的调整不仅仅是模型,而是如何管理手下这么多天才和科学家,让大家能在同一个平台为同一个目标一起努力,这远比西蒙斯研究数学问题要来的复杂的多。从Baum到Ax到Berlecamp到Mercier和Brown,从最初的趋势交易到指标交易,慢慢过渡到后来完全机器自动交易,即使取得巨大的成功,但是碰到了2008年金融危机时西蒙斯还是不能完全信任程序判断,要人为干预仓位,所以投资真是一项反人性的事
评分##比外面看到的要艰辛许多。
评分##...main takeaway: they're not flash boys.
评分##西蒙斯无疑是特别的,他自身并不是杰出的交易者,直到2018年都还会因为股市暴跌而感到焦虑万分,但是他开创了用机器交易的道路,并且组建了一支华尔街局外人的团队并且取得了成功。从他的故事里面或许很难学到多少交易的经验,但是他的经历无疑足够有趣,这本书值得一读。