The Algorithm Behind Jim Simons's Success
alchemy.substack.com
The Algorithm Behind Jim Simons's Success
Jim Simons: "I’m not an extremely fast thinker myself; I just work hard."
That was all I needed to do—work hard, not fast. A paper I published in '68 took me five years. But it has had 1,850 citations. For a math paper, that’s an awful lot.
There’s too much emphasis on a person’s being able to answer questions quickly."
The great art dealers operated like index funds. They bought everything they could. And they bought it in portfolios, not individual pieces they happened to like. Then they sat and waited for a few winners to emerge. That’s all that happens. Perhaps 99% of the works someone like Berggruen acquired in his life turned out to be of little value.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
The great art dealers operated like index funds. They bought everything they could. And they bought it in portfolios, not individual pieces they happened to like. Then they sat and waited for a few winners to emerge.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
That's another thing too, where I'm only interested in people that do things for a long period of time. There is a subset of people that can start a great business or be a great investor for two years, five years, 10 years. I'm interested in people that, you started the conversation saying about Edwin Land and Estee Lauder. Okay. Two obsessives. Th... See more