5 Lessons from Jim Simons - Most Successful Investor of All Time
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- Опубликовано: 13 фев 2020
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Here are 5 lessons from one of the most successful investors of all time.
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Here are some of the sources used for this video (this list is not exhaustive):
The mathematician who cracked Wall Street | Jim Simons • The mathematician who ...
James H. Simons: Mathematics, Common Sense and Good Luck • James H. Simons: Mathe...
James Simons (full length interview) - Numberphile • Jim Simons (full lengt...
LEGENDS OF TRADINGS
Jim Simons is the billionaire founder of Renaissance Technologies. He is an award-winning mathematician, a pioneer in the field of quant investing and his returns in the market make him arguably the most successful investor of all time. He tends to stay out of the public eye, but there are some appearances available online where he has given talks or interviews. Here are 5 key lessons we took from him.
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1. Develop a system
2. Collect data and use it to optimise
3. Always stick to the model/plan
4. Surround yourself with the right people
5. Don't give up
Thanks, but I would like to listen it from only jim simons.
Do you always summarise RUclips videos?
Thank you
Thanks for saving time, appreciate it👍
Thank you... Jim didn't give us a formula tho...so for a beginner it would be very unclear what did Jim say....glad I am an old beginner tho 😁
"persistence is valuable".....!!!!! A GEM of advice from Simon.👍🏽
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The Duomo Initiative - Trading & Investing what would he do now during a CRASHHHH
What are trading system and models....could you please tell me ?
Because of Renaissance Technology machine trading the average holding time of a stock NOW is 40 seconds. Also his data links to the trading exchanges are the shortest in the world. He can front run almost anyone. At one time he had 65 PhD physicist, computer science and mathematicians designing the algorithms to run his operations. You can't even come close to what he's doing. He started by skimming the best scientists from Brookhaven National Laboratories where he was a director.
❤
Brilliant...
How do u know all of this?
@@njoy123 There are quite a few articles written about him and his company.
Bastard
Don't give up , persistence is valuable . That's profound .
Love these bite-sized lessons that we can take from each vid!
Thanks Kevin!
System testing is the lesson I take from your video !!Thanks a lot !!
I think that's the most important lesson from him! Thanks Nilesh
- Nicholas
Develop a System is the winner advice in my opinion. Thanks for the compilation. Precious
Thanks!! this is of great value!
Nothing beats the combined intelligence. Collaboration is the key here.
very good compilation. Appreciate
There is only one Jim Simmons, you can't be him.
I wish you all luck, your going to need it. The reality is, only a small percentage will succeed.
But give it a go, or you will never know, you may be part of that small percentage.
Agree with all expect last line. Giving a go to a random chance if you're secretly a math genius skilled in financial markets is not a very good strategy imho. Need to be at least a regular math genius for a start.
Nice & very inspiring. Thanks!
This was great. Thank you.
wow, this is amazing content!
Wow! First video of him and I'm already a fan!!
Great content! Thanks 🤟🏿
Thank you!
J Simmons is such a beast...GOAT..really the only person that's term could apply to in quant-fin. Well put together video!
Thanks the step don't give up is very important. 🙏👍
Fantastic, thank you
Excellent job, keep uploading vid like this...
Thanks Gary, will do!
Thanks a lot!
don't give up
after xx years in the market I'm still learning how to approach that object ))
Great !!!. Thanks from Spain.
Glad you enjoyed it Fernando!
Very interesting ! Thanks for creating this video
Glad you liked it!
Refining the model constantly. Thank you for this video
great segment
Every successful people how many i heated till date noticed two things in common
1.discipline
2.How to handle failure
And those who are still success and growing knows
How to handle success
You are doing great job.. 👍👏👏
Lots of Love, Support and blessings for you.. ❤️🧡💛💚💙💜🙏🙂
Thank you for this! And all five points are right on the money! :D It took me a long time to learn and absorb the above five lessons mentioned. I've been trading Forex for a long time... ( Ashamed to say how long... ) And I have JUST started to be profitable at it. Very profitable.... If viewers will absorb what is shared in this video and your other videos. They can benefit immensely. They can save themselves A LOT of money and time. Thanks for sharing the things that you share. I appreciate the value these lessons offer.
Thank you William! Congrats on the success, glad to hear your trading is profitable now! Long may it continue.
- Nicholas
@Marco Deeo you've got to put in the effort. Nobody's going to do it for you.😀
Thanks
👍
Good one.
Very interesting man
I wish this guy was my grandpa
What we learn from here they are brilliant and you have to be a scientist before becoming a trader
Nice piece: don't give up is great advice ! Thanks Nicholas ;)
It's easy to forget that someone as successful as him probably had those moments where it felt like nothing worked and he was ready to stop it all... but he didn't give up and the rest is history.
- Nicholas
Would be interested in watchung a video on daily habits of successful traders
Very nice🙏🙏🙏
wow, pretty good stuff.
So all this guy actually did was just hire really smart programmers and data analysts that brute force back tested the entire history of the stock market and found a winning system. Doesn't make him an amazing trader more like a great team builder
It's not quite as simple as that. He didn't start off with an amazing team, but yes just like any of the most successful hedge funds he managed to pull together an amazing team of some of the greatest minds in the field.
If you watch an extended interview with him, he credits building a good team more than anything
persistent - most liked
Fantastic
All lesson are amazing .whats the algorithm is it indicator he created?
ahahaahahah
He is the super man is this business
thanks nick for your awesome videos would love to see a video for Dr David Paul 🙏
Thanks Adam!
- Nicholas
First step - Be a maths genius. 1 + 1 = 2
ok stock market here I come.
Awesome
39% CAGR since 1988. Consistent returns through the law of large numbers and using computers and algorithms to execute thousands or millions of small trades daily. He has essentially cracked the market.
Jim Simons, Renaissance Technologies - 35% Compound Annual Growth Rate from 1990-2018....BEST investing record, EVER recorded !!!
Triple than average
don;t give up!
I need to know more about collecting data and how use it to optimize
Data science try Python programming
This guy is a legend.
One of the very best!
Please make video on Jim Simons about the stocks he bought last last month , NVO and others.
This is exactly what we do with Bombe Capital, as well as Simons, and inspired by Alan Turing a group of top-level scientists decided to get together to design algorithmic models that predict with unparalleled precision the perfect highs and lows in financial markets and cryptocurrencies, we are achieving it and we are going to create a revolution in the world of investments.
Why Duomo initiative? Duomo Is the term for the most important church in Italian cities. What's the correlation?
Lesson 5 for me...
*One day you walk in an thing ah you are a genius my positions are going my way and the next day you walk in and think you are a dope,how could I have done what I did...but if it's part of the process you've developed you'll sleep better.Those stomach turning ups and downs won't give you restless night if you are following the model* that's what this Phenomenal man once said.Thanks for this video,great way to accumulate will power to not just trade but trade the right way.Thank you very much
It's humbling to know that someone like him went through the same common trading mistakes as everyone else, despite being seen as a genius in the markets.
- Nicholas
With al his data can't he analyse when or when not to give up?
" DATA " works a lot better than technical indicators.
Ridiculous, They're all transformed from raw DATA
@@csl9640 it's not "Ridiculous". Technical analysis is baby Quantitative Trading. You can get more reliable entries, exits, risk management etc using more advanced quant strategies.
What is the song?
Great Video, thanks for putting this together
You’re welcome, thanks for watching!
Great points!
Anyone caught the hint yet? I mean look at the screen in the background lol he's pointing out the cyclical nature of the price chart aka 360 degrees. That's the fractal nature of it and it happens even on the smallest time frames. To better adjust ur brain and eyes to this pattern or models start with the 1 minute time frame it'll open ur eyes..Peace y'all
Are you on meth or coke? You are not making any sense
1 second on 1 day
Then 5 minutes on 5 day .....toggle
I want full interview where he is sitting on white sofa please share
Problem with this is most retail traders do not have a technical algorithm/system to follow religiously like Simon said his team does.
retail traders must be numberphiles
The astronomer that found that the universe is in accelerated expansion, was probably not doin much complicated stuff, he just measured stuff with the telescope, the hardest part was probably to accurately estimate the distance of the supernovae he observed
don't give up
Jim great hedge fund manager
Before you try to program a code to crack the wall street. First of all make it by yourself. Manually!
Yes sir exactly. Program only replicates our thoughts and can do it very well. Unfortunately still it can't outperform the ingenuity of human brain.
Programs are doing it yourself, programming is NOT telling the company what to do but how to do.
It's Buffet. Jim Simons is a trader.
Don’t give up
Organise smart people,
1- give them freedom
2-envorment that makes them talk to each other .
3- not let them go to a place that they can do they own things.
4- provide the best equipment for them to use.
5-make every one partner
6- they might not know about finances , but they learn.
Market is random but our entery exit should not be random... That should be based on Back tested system..like anything..👍
Market is not random.
Its more like:
Step 1- Be born a genius
Step 2- focus intensively in your academic path on something quantitative (Mathematics/physics) , get a phd and produce important scientific papers (being a genius really helps on this)
Step 3- once you are bored in life, go to a different field and revolutionize it, by building models that have a stronger predictive capabilities than All other hedge funds (which are also employing PhD holders) and market participants.
Step 4- say to everyone that the most important step is preserverance (which is completely true, but works if you are a genius).
No average person can replicate the path he took and get the sucess he got. This will never help anyone investing. If you want to be good at investing, the best you can do is read scientific papers about it and realize you should passively invest in an index fund instead of trying to beat the market.
You don’t have to try and replicate someone to be able to learn from them. I’m much happier to receive advice from a ‘genius’ even if I can’t match their exact approach than other people. We don’t only learn things from people we can replicate.
@@Duomoinitiative yes, but he just gave us general mainstream advice that everyone knows and heard 1000 times. It is not useful for trading. And he did that because there isnt any formula in particular to succeed basically. You just have to be like him
05:10
07:07
One of his other principles is an appreciation for beauty, learning to recognise it, actively seeking it out and cherishing it when you find it.
🙌
Have a system and stick with that is begest lesson.. with all fix kind of rule.. system will save you system will surely success you..❤️👍
“Renee-sonce” technology???
Renaissance technologies
His voice somewhat resembles Warren
peoples hero - warren buffet
my hero - simon
Buffet let's you in on his secrets. Simon's a greedy pig who let any info out. He charges 5% of your total investment and 45% of your profit.He' s a total Scrooge.
Obviously we didn't learn from Madoff?
I just finished "The Man Who Solved the Markets" a couple of weeks ago. While they made a great deal of money, they certainly didn't have it easy, with successful black box trading comes a LOT of responsibility and secrecy and risks of betrayal and deceit. Plus he lost his son in a terrible accident. But he is still an amazing person. Mercer on the other hand.... Smh
Yeah he’s had his fair share of misfortune along with the success. I wish he would write an autobiography, but there’s zero chance of that happening!
Mercer is the GOAT
TLDR; Throw money at a bunch of quants until they create a money printing machine
Warning: this advice is for discipline people otherwise it will not work. Greeting from Angola.
i everyone does what he does, it will stop working, like every market strategy
How come,there isn't ONE video of any of his hedgefund clients,he made rich?
There is one somewhat actionable but very specific advice that I took away from watching some of his videos. His average hold time is 1.5 days. Think about that
SIr please hire me i am smart.
automate crypto platform is doing a wonderful Job. Payment comes on time as expected. Congratulations!! To me and my family..
Let me see if I got this right: so YOU think JS has been a more successful invested than WB? Uuuummmmm... okay (eyes rolling, of course).
It depends what measures you base it on, but arguably yes.
I would keep my mouth close too :DDD
6. Be extremely good at math, even though he pretends that he wasn't very good.
He basically uses a supercomputer + AI to make a fuckton of money.
The medallion is closed since 2006 and his other products have been Mediocre. Seem like Ray Dalio of Bridgewater has made a lot more money. fortunately, I was an investor 1993-2006
3. is actually quite wrong. They stop using models as soon as they make losses which are too high
@Blulos I agree that the plan might not be to stick to one model for all time. But the differentiation is quite important, I think. Model Risk can be crucial.
Actually, no need a model to make profit as he did in his 30s. We trade with patterns. Basically it is a model formed by our brain. I still think risk management is the top priority in trading.
Passionate Few hahaha you’re stupid
What is it about Jews and Mathematics
Jewsnious