The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution SHORTLISTED FOR THE FT & MCKINSEY BUSINESS…


SHORTLISTED FOR THE FT AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER’Reads more like a delicious page-turning novel…Put it on your holiday gift list for your favourite hedge-fund honcho’ Bloomberg’A compelling read’ Economist’Captivating’ New York Times book reviewJim Simons is the greatest moneymaker in modern financial history. His record bests those of legendary investors, including Warren Buffett, George Soros and Ray Dalio. Yet Simons and his strategies are shrouded in mystery. The financial industry has long craved a look inside Simons’s secretive hedge fund, Renaissance Technologies and veteran Wall Street Journal reporter Gregory Zuckerman delivers the goods.After a legendary career as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. Simons hired physicists, mathematicians and computer scientists – most of whom knew little about finance – to amass piles of data and build algorithms hunting for the deeply hidden patterns in global markets. Experts scoffed, but Simons and his colleagues became some of the richest in the world, their strategy of creating mathematical models and crunching data embraced by almost every industry today.As Renaissance became a major player in the financial world, its executives began exerting influence on other areas. Simons became a major force in scientific research, education and Democratic politics, funding Hilary Clinton’s presidential campaign. While senior executive Robert Mercer is more responsible than anyone else for the Trump presidency – he placed Steve Bannon in the campaign, funded Trump’s victorious 2016 effort and backed alt-right publication Breitbart. Mercer also impacted the success of the Brexit campaign as he made significant investments in Cambridge Anatlytica. For all his prescience, Simons failed to anticipate how Mercer’s activity would impact his firm and the world.In this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Street, and reveals the impact that Simons, the quiet billionaire king of the quants, has had on worlds well beyond finance.

Amazon.co.uk Price: £25.90 (as of 15/05/2021 00:07 PST- Details)

SHORTLISTED FOR THE FT AND MCKINSEY BUSINESS BOOK OF THE YEAR AWARD 2019NEW YORK TIMES AND SUNDAY TIMES BUSINESS BESTSELLER’Reads extra like a scrumptious page-turning novel…Put it in your vacation present record to your favorite hedge-fund honcho’ Bloomberg’A compelling learn’ Economist’Fascinating’ New York Occasions guide reviewJim Simons is the best moneymaker in fashionable monetary historical past. His file bests these of legendary traders, together with Warren Buffett, George Soros and Ray Dalio. But Simons and his methods are shrouded in thriller. The monetary trade has lengthy craved a glance inside Simons’s secretive hedge fund, Renaissance Applied sciences and veteran Wall Avenue Journal reporter Gregory Zuckerman delivers the products.After a legendary profession as a mathematician and a stint breaking Soviet codes, Simons got down to conquer monetary markets with a radical strategy. Simons employed physicists, mathematicians and pc scientists – most of whom knew little about finance – to amass piles of knowledge and construct algorithms looking for the deeply hidden patterns in world markets. Consultants scoffed, however Simons and his colleagues turned among the richest on the planet, their technique of making mathematical fashions and crunching knowledge embraced by virtually each trade immediately.As Renaissance turned a serious participant within the monetary world, its executives started exerting affect on different areas. Simons turned a serious power in scientific analysis, schooling and Democratic politics, funding Hilary Clinton’s presidential marketing campaign. Whereas senior government Robert Mercer is extra accountable than anybody else for the Trump presidency – he positioned Steve Bannon within the marketing campaign, funded Trump’s victorious 2016 effort and backed alt-right publication Breitbart. Mercer additionally impacted the success of the Brexit marketing campaign as he made vital investments in Cambridge Anatlytica. For all his prescience, Simons did not anticipate how Mercer’s exercise would impression his agency and the world.On this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Avenue, and divulges the impression that Simons, the quiet billionaire king of the quants, has had on worlds effectively past finance.

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