Chapter
The Perils of Expertise
01:40 - 05:51 (04:11)
Experts have a lot of good ideas but they always know why something won't work; this phenomenon is discussed in the context of investing and entrepreneurship.
Clips
Jim Simmons and his team are known for their secretive nature in Wall Street.
01:40 - 02:56 (01:15)
Jim Simmons
Summary
Jim Simmons and his team are known for their secretive nature in Wall Street. Using an excerpt from "Animal Farm", Simmons explains his attitude towards publicity and how he prefers to move in silence and avoid media appearances.
ChapterThe Perils of Expertise
Episode#108 The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution
PodcastFounders
Experts may have great ideas, but they also have a lot of reasons why those ideas won't work.
02:56 - 05:51 (02:55)
Trading
Summary
Experts may have great ideas, but they also have a lot of reasons why those ideas won't work. The autobiography of Henry Ford has a quote that sums it up perfectly "wise people always know exactly why something won't work."