Renaissance Technologies began in the early 1980s by painstakingly extracting large amounts of knowledge from number one documentary sources, complemented by blank electronic knowledge.
Renaissance’s success was in no way preordained; it suffered several near-death experiences along the way.
The quantitative activity of hedge funds has little to do with the social objective of capital markets: the effective allocation of capital to productive enterprises.
James Simons is a multibillion-dollar hedge fund manager that even Bernie Sanders could love: a brilliant, decent, relaxed, charismatic, self-aware guy, deeply concerned about America’s impending inequality and the deterioration of the school system. He has faithful his abundant song to cure autism, improve math training in public schools and solve without mysteries equivalent the origins of life and the universe. In addition, he is an award-winning mathematician who helped solve the thorniest problems of Cracking Cold War Codes, a role he lost due to a letter to the editor opposed to the Vietnam War, and then built the math branch at SUNY Stobig apple Brook. a university power of global elegance. And not to mention that it is arguably the greatest successful investor in the world and one of its richest inhabitants.
In short, he lived a life required by a biographer. The only challenge for Gregory Zuckerguy of the Wall Street Journal in taking on this role is Simons’ intense intimacy and the impenetrable silence surrounding all the users who knew him. Zuckerguy overcame these formidable barriers with a constant perseverance of research and a wise time in the kind of loosening of language caused by the imminent disappearance of Simons’ early collaborators, now elderly.