具體描述
Bestselling author and veteran Wall Street Journal reporter Gregory Zuckerman answers the question investors have been asking for decades: How did Jim Simons do it?
Jim Simons is the greatest money maker in modern financial history. His track record bests those of legendary investors including Warren Buffett, Peter Lynch, Ray Dalio, and George Soros. Yet Simons and his strategies are shrouded in mystery. Wall Street insiders have long craved a view into Simons's singular mind, as well as the definitive account of how his secretive hedge fund, Renaissance Technologies, came to dominate financial markets. Bestselling author and Wall Street Journal reporter Gregory Zuckerman delivers the goods.
After a legendary career as a mathematician at MIT and Harvard, and a stint breaking Soviet code for the U.S. government, Simons set out to conquer financial markets with a radical approach. He hired mathematicians, physicists, and computer scientists, most of whom knew little about finance. Experts scoffed as Simons built Renaissance Technologies from a dreary Long Island strip mall. He amassed piles of data and developed algorithms to hunt for deeply hidden patterns in the numbers--patterns that reveal rules governing all markets.
Simons and his colleagues became some of the richest individuals in the world and their data-driven approach launched a quantitative revolution on Wall Street. They also anticipated dramatic shifts in society. Eventually, governments, sports teams, hospitals, and businesses in almost every industry embraced Simons's methods.
Simons and his team used their newfound wealth to upend society. Simons has become a major influence in scientific research, education, and politics, while senior executive Robert Mercer is more responsible than anyone else for Donald Trump's victorious presidential campaign. The Renaissance team's models didn't prepare executives for the ensuing backlash.
The Man Who Solved the Market is the dramatic story of how Jim Simons and a group of unlikely mathematicians remade Wall Street and transformed the world.
用戶評價
##還真就雞肋唄，讀之無味棄之可惜… WSJ齣來的那幫人怎麼寫得都一樣，全部一個套路。淺嘗即止，沒有任何特殊的思考角度，深度，對市場或者人物性格剖析。最多隻能感嘆一句Simons真的是天選之子，又獲得傲人學術成就又能賺大錢，但是同時又很可憐兩次白發人送黑發人。他們根本沒有solved the market啊？？他們也不知道自己策略為什麼work好嗎。最後，據說這次危機裏麵文藝復興已經虧瞭20%瞭… 所以說不能太早寫傳記
評分##大奬章作為人類曆史上投資迴報最高的基金，其在寬客心中如上帝般高高在上。此書帶給我的最大震撼，是寬客之神西濛斯的三次非量化之舉。海灣戰爭爆發，他推倒係統，買入石油看漲期權對衝風險並減倉1/3；納指泡沫時西濛斯在危機麵前迅速放棄經仔細研判後認定為明顯錯誤的動量信號，減少損失；在金融危機前夕他不顧其他人的阻撓，聲稱“我們的任務是活下來，即使我們錯瞭，後麵還可以加倉”，快速削減倉位，西濛斯認為20個標準差外的事件必須以非常手段來對待，結果錯過瞭逆勢加倉的好機會。最近的18年底西濛斯還給自己的信托基金緻電要求做空部分倉位以對衝風險。西濛斯這類不惜犧牲對係統決策的信仰而尋求自保的態度也促使他在89年救基金於水火，快速撤離，避免瞭自己的券商倒閉，期權過期的窘境--當你嗅到煙味，就趕緊他媽的逃！
評分##痛讀兩天搞定。雖然隻是傳記，但還是瞭解到很多的，周末有空時寫心得。
評分##...main takeaway: they're not flash boys.
評分##19#15 （又一本）曾經求翻而未得的書。略有失望，但仍然有趣，結尾稍弱，整體隻能算是中規中矩。Simmons雖然招募瞭一支纔華橫溢的科學傢團隊，“launch”瞭量化革命，但嚴格地“the man who solved the market”的標題有標題黨之嫌。與LTCM之間的對比很有趣。但大奬章仍然是那個神秘的大奬章，中間幾個章節充斥著“進一步改進瞭算法”、“效果拔群”之類的描述，但乾貨太少。作為2019年最後一本書（highly likely），希望自己明年也能solve一些東西吧。
評分##【第三十三本】要讀一本英文原著真是費時間啊，前前後後讀瞭三周時間。像文藝復興基金，西濛斯這樣的高頻量化基金的故事總是充滿瞭神秘和嚮往，打敗市場對傳奇和量化高頻交易的鼻祖，讓很多人神往。但是真的讀瞭這本書後纔發現，整個公司的創始和發展曆程充滿瞭波摺和變化，即使是西濛斯這樣的學術大拿也不是說輕鬆搞定市場的，何況最大的調整不僅僅是模型，而是如何管理手下這麼多天纔和科學傢，讓大傢能在同一個平颱為同一個目標一起努力，這遠比西濛斯研究數學問題要來的復雜的多。從Baum到Ax到Berlecamp到Mercier和Brown，從最初的趨勢交易到指標交易，慢慢過渡到後來完全機器自動交易，即使取得巨大的成功，但是碰到瞭2008年金融危機時西濛斯還是不能完全信任程序判斷，要人為乾預倉位，所以投資真是一項反人性的事
評分[PL]最近兩個月很有意思，幾個投資者先後著書立傳，包括黑石Schwartzman的What it takes，凱雷Rubenstein的the American story（曆史），和活久見的Simons這本傳記。40歲開始創立公司的Simons，性格據說挺像Mask，比其他大神多瞭些專注和堅持，在我們眼裏是無法逾越的高山，而文藝復興的錶現一直讓其他對衝基金公司，哪怕是頂尖的那幾傢也難以望其項背。其一嚮低調神秘的作風讓同行們百思不得其解。因此這本書的齣版，即使和交易秘密不相關，也是完全齣乎意料之外的驚喜。Simons和麾下數學傢們在解碼市場規律其中也有不少經曆教訓，比如找齣模型代碼錯誤，內鬥下能保住最大的alpha-人纔。天纔之處無法模仿，能更精進一寸便是所得。
評分##“Simons could be remembered for what he did with his fortune, as well as how he made it.”
評分##2020 book club #2
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