Jim Simons, Renaissance Technologies And Medallion Fund

The book is the only one written about Jim Simons and the inner workings of Renaissance Technologies. It reads like a thriller and gives great insight into the minds of one of the most successful investors of all times.

Medallion Fund

The fund is exclusive due to the fact that it is only open to current and former employees. The SEC filings indicates the number of participants.

The high hedge fund fees usually mean that an average investor after paying the fees; struggles to beat a simple index fund.

Renaissance Technologies

The entire firm is based purely on the basis of using analytics to find patterns in data.

While we may not agree with everything he says, there are nine decades of wisdom buried in Warren Buffett’s quotes.

Renaissance Technologies has employees from multiple disciplines such as string theory, astronomy, mathematics who all work on developing predictive patterns and identifying mis-priced assets.

Robert Mercer and Trump

This was the most interesting piece of the book. It talks about Robert Mercer and his involvement with the firm.

The book also mentions how Jim Simons who leans left in terms of political ideologies still worked with Mercer who leans right. Ultimately Mercer stepped down from his post as co-CEO of Renaissance Technologies

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