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This biographical episode chronicles how mathematician and codebreaker Jim Simons revolutionized modern finance by creating Renaissance Technologies and the Medallion Fund. Rejecting human intuition in favor of pure mathematics, vast historical data, and elite scientific talent, Simons pioneered quantitative investing and built the most profitable trading system in history.
Statements from this episode
(2)
Insight
Frequent trading reduces the consequence of individual trade outcomes
“Buying and selling infrequently, which is what Axe was doing, magnifies the consequence of each move. Make a lot of trades and each individual move is less important.”
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