The man who solved the market

359 pages

English language

Published Aug. 20, 2019 by Portfolio.

ISBN:
978-0-7352-1798-0
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OCLC Number:
1115009015

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4 stars (8 reviews)

Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign …

2 editions

Review of 'The Man Who Solved the Market' on 'Goodreads'

3 stars

This book was written too early. Worshipful descriptions of people and mysterious math provide little value in understanding either. Perhaps Simons will be significant... Perhaps Mercer will be significant beyond supporting Trump... but the golden light Zuckerman infuses into the tribe of mathmen who solved the market is something future historians will need to squint at to determine the truth.

Subjects

  • BUSINESS & ECONOMICS / Corporate & Business History
  • BIOGRAPHY & AUTOBIOGRAPHY / Business
  • BUSINESS & ECONOMICS / Finance
  • Capitalists and financiers
  • Investments
  • Quantitative analysts

Places

  • United States