Chapter
The Power of Studying the Past
40:24 - 49:01 (08:37)
By studying the past, a system developed in 1989 with only $27 million was able to generate a profit of $100 billion, emphasizing the importance of gaining an information advantage and ignoring skeptical outside voices.
Clips
The success of investment systems relies on the study of past data to gain an information advantage, as this gives a better idea of how humans will react in different situations.
40:24 - 44:05 (03:41)
Summary
The success of investment systems relies on the study of past data to gain an information advantage, as this gives a better idea of how humans will react in different situations. Fear can be used as a source of motivation, rather than a hindrance to success.
ChapterThe Power of Studying the Past
Episode#108 The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution
PodcastFounders
Burkle Camp wanted their fund to trade frequently, profiting from a bit more than half of its trades, just like the Renaissance's Medallion fund which scored big profits through short-term trades.
44:05 - 46:34 (02:29)
Summary
Burkle Camp wanted their fund to trade frequently, profiting from a bit more than half of its trades, just like the Renaissance's Medallion fund which scored big profits through short-term trades.
ChapterThe Power of Studying the Past
Episode#108 The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution
PodcastFounders
Discover how the implementation of a new approach helped the Simmons company turn $27 million into $100 billion of profit in just a few years.
46:34 - 49:01 (02:27)
Summary
Discover how the implementation of a new approach helped the Simmons company turn $27 million into $100 billion of profit in just a few years.