Morgan: Jim Simons Valued Novel Data Sources Over Superior Trading Algorithms
Howard Morgan · Howard Morgan on AI, Global Venture Investing & Founder Insights | NVCA Award Recipient Series · Sep 2, 2025 · at 25:33
Howard Morgan recounts a guiding quantitative investment heuristic from Renaissance Technologies founder Jim Simons.
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“And Jim once said to me, if somebody comes to me with a much better algorithm for trading, and another guy comes to me with a new source of data no one else has, I'm much more, I'd much rather pay for the data. You know, we'll figure out the algorithms.”
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