Peter Brown, every mention

Renaissance Technologies (Audio) · Acquired Mar 18, 2024 · 23 mentions

• ▶ 1:19:17 David Rosenthal And this brings us to Peter Brown and Bob Mercer.
• ▶ 1:20:14 David Rosenthal Specifically, IBM's Deep Blue chess project of the time had come out of this group, and Peter Brown there was the one that actually spearheaded the project.
• ▶ 1:25:08 David Rosenthal They bring Peter and Bob and one of their programming colleagues, David Magerman, over from IBM into Rentech.
• ▶ 1:25:26 David Rosenthal But the impact that they have and what they build is even bigger because Bob and Peter realize that, hey, actually, we should just have one model for everything here.
• ▶ 1:26:36 David Rosenthal It turns out that this was actually the second most important innovation that Bob and Peter bring to Rentech, the actual product and performance of having one model.
• ▶ 1:28:06 David Rosenthal What Bob and Peter do is they unify
• ▶ 1:30:27 David Rosenthal So Peter and Bob come in in 1993, and 1994, 1995, they're building this,
• ▶ 1:34:42 David Rosenthal After this goes down, Peter Brown comes to Jim and offers to resign, given the losses that they incurred over these couple days, and Jim says, what are you talking about?
• ▶ 1:35:11 David Rosenthal There's a parallel story when Jim ultimately does retire in 2009 and Peter and Bob take over as co-CEOs, where a year or so before the quote unquote quant quake had happened, where similar to the tech bubble bursting, there was all of a…
• ▶ 1:35:37 David Rosenthal Peter argued very strenuously that we should trust the model, stay risk on.
• ▶ 1:35:50 David Rosenthal And Peter goes to Jim again around the CEO transition and says, hey Jim, aren't you worried that with me running the place now, I'm going to be too aggressive and blow it up one of these days.
• ▶ 1:44:53 David Rosenthal Yeah, there's a fun story around this that Peter Brown tells of Jim came into his office one day and said, Peter, I got a thought exercise for you.
• ▶ 1:45:12 David Rosenthal And Peter says, no, of course not.
• ▶ 1:52:58 David Rosenthal So, after the historic performance during the financial crisis, as I alluded to earlier, Jim retires at the end of 2009, and Peter and Bob become co-CEOs, co-heads of the firm in 2010.
• ▶ 1:54:22 David Rosenthal And one way to look at it, which may not be the be-all and end-all, but I think is a good way to compare Jim's era at Medallion versus Peter and Bob's era.
• ▶ 1:54:58 David Rosenthal During the post-Jim era, the Peter and Bob era, from 20 10 to 20 22 was when we were able to get the latest data.
• ▶ 1:58:29 David Rosenthal Ultimately, Jim asked Bob to step down as co-CEO in 2017, which he did, but he did remain a scientist at the firm and a contributor to the models, even though he wasn't leading the organization with Peter from a leadership standpoint any…
• ▶ 2:34:17 David Rosenthal There's this really funny line that Jim and Peter and others will say when asked about why they only hire academics and not from, you know, Wall Street and whatnot, and they're like, well, we found it's easier to teach smart people the…
• ▶ 2:38:57 Ben Gilbert Peter Brown's academic advisor was Jeffrey Hinton.
• ▶ 2:56:19 Ben Gilbert Peter Brown is a co-CEO, and they just announced that they're making the guy who was in charge of the institutional funds, David Lippey, he is becoming a co-CEO as well.
• ▶ 3:07:29 Ben Gilbert There's a congressional testimony of Peter Brown about the basket options thing.
• ▶ 3:07:34 Ben Gilbert There's Peter Brown doing an interview at GS Exchanges, which, again, many of the questions were straight out of
• ▶ 3:07:42 David Rosenthal It's a funny moment where Peter's like, where are you getting these questions?