What I learned from reading The Man Who Solved The Market: How Jim Simons Launched The Quant Revolution by Gregory Zuckerman ----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----Subscribe to listen to Founders Premium — Subscribers can listen to Ask Me Anything (AMA) episodes and every bonus episode. ---The story of the greatest moneymaker of all time [0:01]Simons prefers to move in silence [1:40]Unknown Unknowns > Known Knowns / Wise people always know exactly why something won’t work. That is why I never employ an expert in full bloom. —Henry Ford [2:42]A one word summary of the book: PERSISTENCE [4:15]Simons’ early life / Only the arrogant are self-confident enough to push their creative ideas on others. —Nolan Bushnell [4:44]Advice from his father: Do what you like in life, not what you feel you should do. [6:16]Personality: Jim had a persistent and burning desire to be wealthy [7:20]A seed has been planted + Jim’s existential crisis [9:55]Lessons from codebreaking that Jim applies to his business later [14:08]Jim Simons at 29 years of age: Fired, father of 3 young children, no idea what his future holds [20:00]Jim Simons at 33 years of age: Genius and madness are next-door neighbors [21:44]Jim Simons at 40 years of age: Jim finally makes the jump. Only misfits understand misfits [22:55]Jim’s first trading style [28:00]We all go through times like this: DON’T QUIT! [29:15]Jim Simons at 44 years of age / Jim’s partner doesn’t see the point in developing automated trading system / Giant success followed by giants failures [34:30]Back to being filled with self-doubt [37:15]Our mind loves playing tricks on us [38:00]Jim Simons studied the past to gain an information advantage [41:00]Finally, the new strategy starts working! / Even with wild success people will tell you that you are wrong [46:55]Business is like nature, it doesn’t care if you arrive at the right answer from the wrong reasoning. [52:50]Emperors want empires [57:02]Life advice from an 82 year old Jim Simons [1:02:40]—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

Jim Simons, a pioneer in financial trading, revolutionized Wall Street with his computer-oriented approach. The podcast highlights his transition from academia to investing, his secretive success at Renaissance Technologies, and his profound influence on quantitative investing. The episode delves into Simons' legacy, reflecting on his groundbreaking strategies and philanthropic pursuits.

Mathematician Jim Simons is remembered for his groundbreaking contributions in math, finance, and philanthropy. The podcast explores the promise of muon colliders, Stanford's holographic AR glasses, and Apple's potential chatbot deal with OpenAI, signaling a significant advancement in AI integration.