Tren Griffin @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Oct. 31, 2019 1 min read

1/ Assume you are impressed by this (as you should be):

"From 1988 to 2018, Medallion returned 66.1% annually before fees. Net of fees, the gains were 39.1%. Estimated trading profits during those 30 years amounted to $104.5B."  https://www.bloomberg.com/opinion/articles/2019-10-28/how-jim-simons-turned-built-the-best-hedge-fund-ever 

How do you learn more?

2/ You put Jim Simons and 25iQ in a search engine and you get my blog post on him:  https://25iq.com/2014/07/09/a-dozen-things-ive-learned-from-jim-simons/  Or you can use the index on the top of my blog and look for his name under the letter "s" (one of 300 posts).  https://25iq.com/featured-individuals/  Simons is after Tupac but before Biggie

3/ “Certain price patterns are nonrandom and will lead to a predictive effect.”

"We look at anomalies that may be small in size and brief in time.”

"We have three criteria. If it’s publicly traded, liquid and amenable to modeling, we trade it.”

Jim Simons, Renaissance Tech.

4/ "Simons looked to math and computers as ways to eliminate the emotional ups and downs of investing. 'I don’t want to have to worry about the market every minute. I want models that will make money while I sleep.'"  https://www.wsj.com/articles/the-making-of-the-worlds-greatest-investor-11572667202 

5/ "How we do it isn’t any more mysterious than how a great fundamental investor does it. In some ways it is less mysterious because what we do can be programmed.”  https://www.google.com/amp/s/25iq.com/2014/07/09/a-dozen-things-ive-learned-from-jim-simons/amp/ 


You can follow @trengriffin.



Bookmark

____
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.

Enjoy Threader? Sign up.

Threader is an independent project created by only two developers. The site gets 500,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Running this space is expensive and time consuming. If you find Threader useful, please consider supporting us to make it a sustainable project.