Jim Simons

“So, supposedly, the Core Medallion Fund, which is now all private capital of Rentech employees and Simons himself, like there's no outside investors, averaged a 66.1% annual return from 1988 to 2018.”

“The Franklin Electronic Dictionaries? Yeah, that was one of their biggest investments. That one investment is half of Jim's net worth.”

“The charter of the group was that employees had to spend 50% of their time doing code breaking, but the other 50% of the time, they were free to do whatever they wanted, like research, pursue whatever they were doing in academia, publish papers.”

“Over time, eventually in 2021, the IRS said, no, you made all those trades. That was not a completely separate entity. And so you guys owed 6.8 billion dollars in taxes that you didn't pay. You're going to need to pay that with interest, with penalties. And by…”

“Not just is this the start of his entrepreneurial career, the seeds of this financially are what go on to start Rentech.”

“I think Jim made as much money from his investments in first round as Howard did from his LP stake in Rentech.”

“So they come together and they publish a paper called Probabilistic Models for and Prediction of Stock Market Behavior. And everything that they suggest in this paper really is Rentech. Just 20 years before Rentech.”

“Jim Simon's son had a kid in my oldest child's class in high school, and I tried, I approached, I said, look, I can't do it unless you want me to do it. There's no point. And he said like, Dad, just like, no, no, no.”