Talk about a super powerful character, he is James Harris Simmons. This dude, that's a legend! He is an award-winning mathematician and a big man in the field of quantitative investing.
Do you know how much money he has? $31.8 billion! That's not a small amount. It was only in his 40s that he moved from academia to the world of investment and founded Renaissance Technologies, a pioneering quantitative trading company. The company has become one of the most profitable investment companies.
Simmons has a lot of personality. He is not like Warren Buffett who engages in value investing, he relies on mathematical models and computers to manage huge funds. He also said that models can reduce risk, and relying on personal judgment to pick stocks can make you rich overnight or lose all the next day. Hey, that makes sense.
His research results are also very powerful, discovering and practicing the measurement problems of geometry. The investment fund he created is even more amazing, and the medal fund is simply a "money printing machine"! The annualized rate of return is as high as 39%, which is higher than the yield of both Warren Buffett and Soros. As for Warren Buffett, he pays more attention to value investing. He likes to find companies with potential and reasonable prices to hold for a long time.
Simmons' investment is very fast, relying on computers to quickly analyze data and seize market opportunities.
As for Warren Buffett, he is relatively stable, slowly researching the company, and waiting for a good opportunity to make a move.
Simmons has a wide range of investments and can invest in anything.
Warren Buffett is different, he is more focused, and he looks for industries and companies that he understands.
Simmons' approach to investing is complex and requires top scientists.
Warren Buffett's approach is relatively simple, but it's not easy. "Trading is like a gecko, usually lying on the wall and not moving, as soon as the mosquito appears, it will quickly eat it, and then regain its composure and wait for the next opportunity." Simmons' "Gecko Approach"
Simmons also spends a lot of money on philanthropy. He and his wife founded the Simmons Foundation, which supports math and scientific research, and also makes a donation to the Autism Research Initiative.
His company's staff is also unusual, with half of the more than 200 people being top scientists. Moreover, his company does not employ business school graduates and Wall Street people, which is the only investment firm in the United States.
The way his fund works is really professional and scientific. Rely on mathematical models and computers to manage, collect large amounts of data, analyze various factors, and find the most promising stocks. This is not something that can be done casually, it requires top scientists.
So how do you use the model to screen out the most promising stocks?
First of all, you have to collect a lot of data, everything, company financial reports, market trends, industry dynamics.
Then we started tinkering with the math model and putting the data in. This model can analyze various factors and compare different stocks. Of course, models are not set in stone and must be constantly improved to adapt to market changes.
Scientists also have to adjust parameters based on experience and intuition, and finally check to make sure the stock has potential.
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Simmons' life has been rich in experience, from mathematician to investor to philanthropist. His passion for mathematics and basic science has always inspired those around him. When he died, he left behind his wife, children, grandchildren, and great-grandchildren.
His story teaches us that if you are talented and passionate, you can succeed in different fields
Summary: Simmons has achieved great things in math, investing, and philanthropy, and his story inspires people to pursue their dreams and achievements. His fund works in a scientific way, and he has a knack for using models to screen stocks. His life is full of legends and has brought us a lot of inspiration.