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tagoma
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The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 4th, 2019, 10:17 am

Waiting for it?
 
SergiusRF
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 9th, 2019, 5:41 pm

I'm reading this book
 
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tw
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 13th, 2019, 4:26 pm

 
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FaridMoussaoui
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 13th, 2019, 6:17 pm

 
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tw
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 13th, 2019, 9:36 pm

Nice article !

Here is a challenge... can someone find a financial scam or scandal over the last 10-15 years that Deutsche bank wasn’t b@&)s deep in ?
 
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bearish
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 14th, 2019, 2:09 am

Certainly none that involves Trump...
 
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tw
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 14th, 2019, 9:13 pm

Well I will have a go at the parlour game...

Libor rigging
subprime misselling
the "global laundromat" money laundering scheme
that weird ex-cum dividend scam (did they really set up an entire office to do this in Luxembourg?)
selling aforementioned basket "options"
helping out Danske bank with their activities
US sanction busting
1MDB
VAT fraud on emissions certificates
gold price manipulation
and  whatever magic keeps the Trump Organization overdraft rolling over 

there must be some more....

The only scandal I don't associate with the DB brand is rogue trading. Which, given they seem to
be game for everything else, makes me wonder if their risk systems can't distinguish rogue from non-rogue.

Certainly none that involves Trump...
 
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Alan
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 14th, 2019, 10:53 pm

there must be some more....

The first thing that came to my mind as a possible counter-example was Bernie Madoff. But then googling turned up:
Funds sue Deutsche Bank over Bernard Madoff claims deal

Getting back on topic, I am enjoying the book. I have already learned one secret to Simons' success that I didn't appreciate: he knew how to locate and hire really good people from his days chairing/building up the Stony Brook math dept. And the author, Zuckerman, not only tells a good story, but is good at popularizing technical topics, like hidden Markov models.
 
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tw
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 15th, 2019, 1:17 pm


Getting back on topic, I am enjoying the book. I have already learned one secret to Simons' success that I didn't appreciate: he knew how to locate and hire really good people from his days chairing/building up the Stony Brook math dept. And the author, Zuckerman, not only tells a good story, but is good at popularizing technical topics, like hidden Markov models.
thanks for the recommendation - I have ordered a copy.
  
Sometimes reading biographies of terrifyingly intelligent people can read like a list of effortless achievement (without dramatic tension)
but this example (maybe) has the fascinating theme of do terrifyingly intelligent people make good risk takers?
Does Elwyn Berlekamp play a prominent role in the book? I remember reading somewhere that he came up with a lot of the early ideas
in strategies ultimately deployed by Renaissance Tech  but sold up his interest cheaply and returned to academia. I always thought there
is an interesting story there somewhere.
 
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FaridMoussaoui
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 15th, 2019, 2:34 pm

It wasn't that easy. This is from page 2 of the book.

Image
 
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Alan
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 15th, 2019, 9:47 pm


  
Does Elwyn Berlekamp play a prominent role in the book?
Yes, according to the index. I am only on pg 86 and the next chapter starts with him.
 
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tagoma
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 16th, 2019, 9:24 am

It wasn't that easy. This is from page 2 of the book.

Image
"intuition and instinct".  that scam is still (often) dominant in the commodity space, but ** fortunately ** tables are (finally) starting to turn, may that be at hedge funds (some are left!) and even trading houses. I won't say it is a revolution though as it moves only slowly (no reference to my French passport, here).
 
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Cuchulainn
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 17th, 2019, 12:41 pm

Is that the same GZ who wrote "The Greatest Trade Ever"?
http://www.datasimfinancial.com
http://www.datasim.nl

Approach your problem from the right end and begin with the answers. Then one day, perhaps you will find the final question..
R. van Gulik
 
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tagoma
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Re: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

November 17th, 2019, 12:55 pm

Is that the same GZ who wrote "The Greatest Trade Ever"?
Yes, Sir.
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