Ep. 949: Experience, Jim Simons and Raising Kids with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Impact of Long-Term Capital Management on the World
LTCM was bigger, especially with the leverage. Renaissance and Jim Simons don't hire individuals from Wall Street with any Wall Street backgrounds. They were concerned LTCM had models of their own and they didn't work. So they learned lessons from that experience. One of them being the humble, don't leverage up so much,. Don't be stubborn with your models.
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