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The Man Who Solved the Market

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The Man Who Solved the Markets released late last year, and as enthusiasts looking for additional insights in the world of the secretive hedge fund that Renaissance Technologies (Rentec) is, we were quick to grab a copy.

The book is an extremely easy read, and also suitable as a nice holiday present. The book is filled with interesting anecdotes on how even the smartest of mathematicians found initial quant-based investing approach unnatural. Jim Simons is “the man who solved the market”. We also learn more on the behind the scenes contribution of his comrade Robert Mercer’s to Donald Trump’s election in 2016.

We are sharing some of the takeaways more relevant to the quantitative approach to investing which brought Renaissance the success.

As the author states – “Investors tend to focus on the most basic forces, but there are dozens of factors, perhaps whole dimensions of them, that are missed”. From the experience of Renaissance it is clear that beating the markets with machines, while possible, is far from easy. The takeaway from the story of the man who solved the market is that perseverance in your belief and getting the right team remain the key.

 

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