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Chat With Traders

183: Gregory Zuckerman – Jim Simons—The Pinnacle of Trading Greatness

Chat With Traders

Tessa Dao

Education, Business, Investing

4.92.3K Ratings

🗓️ 15 November 2019

⏱️ 68 minutes

🧾️ Download transcript

Summary

Gregory Zuckerman is a writer at the Wall Street Journal and author of The Man Who Solved the Market: How Jim Simons Launched The Quant Revolution. For anyone unfamiliar, Jim Simons is the brilliant-minded mathematician who founded hedge fund Renaissance Technologies. Using quantitative models and with billions in AUM, Renaissance has averaged annualized returns of net 39% since 1988. And these returns only become more spectacular, once you discover that Renaissance investors pay a management and performance fee of 5 and 44—therefore bringing the gross annualized returns to 66%. Due to the superior performance, today, Jim has an estimated net worth of $23-billion. Greg describes him as being, “The greatest money maker in modern financial history.” Although journalists have previously covered the rise of Renaissance, for the longest time, much of it was still shrouded with mystery. But by gaining remarkable access to Jim and also many of the people around him, Greg has been able to tell the full story, in print, with detail and accuracy. Pick up a copy of The Man Who Solved the Market, available on Amazon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.6

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Discover Tasty Trade, a high-performance online trading platform.

0:40.1

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0:46.0

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0:48.1

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0:53.6

Visit TastyTrade.com-cwt.

0:57.7

TastyTrade, previously known as TastyWorks, is a registered broker-dealer and member of

1:02.8

FINRA, NFA, and SIPC.

1:09.6

Markets, speculation, and risk.

1:12.5

This is the Chat with traders podcast hosted by Aaron Feifield.

1:18.4

What's up?

1:19.4

Welcome back.

1:20.4

Here we are for episode 183.

1:23.7

Grygory Zuckerman, a writer at the Wall Street Journal and the author of several books,

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