The Man Who Solved the Market
How Jim Simons Launched the Quant Revolution
by Gregory Zuckerman
Published By: Portfolio Penguin, 2019
Genre: Nonfiction | Biography & Memoir, Business & Economics
Page Count: 384 (Hardcover)
Audiobook Length: 10 hours and 45 minutes
Audiobook Narrator: Will Damron
ISBN: 9780241309728
Publisher’s Description
The first and fascinating look into the mind of Jim Simons, the shy billionaire who revolutionized Wall Street
Jim Simons is the greatest moneymaker in modern financial history. His record bests those of legendary investors, including Warren Buffett, George Soros, and Ray Dalio. Yet Simons and his strategies are shrouded in mystery. The financial industry has long craved a look inside Simons’s secretive hedge fund, Renaissance Technologies, and veteran Wall Street Journal reporter Gregory Zuckerman delivers the goods.
After a legendary career as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. Simons hired physicists, mathematicians, and computer scientists – most of whom knew little about finance – to amass piles of data and build algorithms hunting for the deeply hidden patterns in global markets. Experts scoffed, but Simons and his colleagues became some of the richest in the world, their strategy of creating mathematical models and crunching data embraced by almost every industry. Simons and his team used their wealth to upend the worlds of politics, philanthropy, and science. They weren’t prepared for the backlash.
In this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Street, and reveals the impact that Simons, the quiet billionaire king of the quants, has had on worlds well beyond finance.
About the Author
Gregory Zuckerman is a senior writer at the Wall Street Journal where he pens the ‘Heard on the Street’ column. He appears on CNBC-TV twice a week to explain complex trades. His team has won the New York Press Club Journalism Award and the Gerald Loeb Award for their coverage of the credit crisis.