The man who figured out the market: how mathematician Jim Simons made $23 billion on the stock market

He carefully guarded the secrets of his hedge fund's work, hired Nobel laureates and secret service officers. This is the story of the legendary mathematical scientist Jim Simons, who revolutionized the stock market with the help of computer technology and became the most highly profitable manager in the history of financial markets.
Journalist Gregory Zuckerman managed to interview dozens of witnesses to Simons' activities. Among them are hedge fund employees, relatives and the scientist himself, who until the last was against writing this book. Read about how Jim Simons managed to create the most successful hedge fund in the world and what it cost him in this amazing story. FROM THE EDITOR In the early days of his career, he cracked classified codes and ciphers in the Soviet Union and did academic research in mathematics. But he was destined for a different fate - to launch a quantum revolution on Wall Street. Jim Simons overtook such notable financiers as George Soros, Steven Cohen, Peter Lynch, Warren Buffett and Ray Dalio in terms of profitability. He made his hedge fund employees wealthy men. This almost detective story will leave no one indifferent. ABOUT THE AUTHOR Gregory Zuckerman is a contributor to The Wall Street Journal and a three-time winner of the Gerald Leeb Award, the highest honor in business journalism. THIS BOOK IS FOR - investors - asset managers - traders - anyone interested in the history of the stock market PHYSICS OF THE BOOK - New York Times and Sunday Times Business bestseller - Financial Times & Mckinsey Business Book of the Year Award Shortlisted for the 2019 Financial Times & Mckinsey Business Book of the Year Award Reviews "One of the most important stories of our time". Financial Times "A fascinating read" The Economist "Immensely enjoyable." Edward Thorpe, one of the founders of algorithmic trading "I would recommend this book to anyone who, having seen another advertisement about "guaranteed returns" of a few tens of percent per year from some project or trader with experience of, God willing, 2-3 years, rushes to invest all their money there. Friends, truly diamond strategies are created by years of hard work and a team of the brightest minds of the best universities in the world. This team tests hypotheses and finally puts them into practice in the form of trading strategies that can generate 45% per year, overtaking Buffett's fund! Learn from James Simons' example of how you can blow up the market. I would also recommend this book to anyone who thinks robots will crash the market. Keep in mind that robots are created by humans, so if a strategy ends up being managed by the brilliant minds of today, they will be able to create a strategy with hundreds of robots of different strategies inside and manage them well. Artificial intelligence is the future of markets, but it's still created by humans. And of course, I would highly recommend this book in general to anyone who cares about their capital and wants to be on the cutting edge of current investment instruments. In times of both growth and volatility, algorithmic strategies can be a great addition to your portfolio. And how they show themselves in different economic cycles, how much they can bring - read about it in the book. Have a good investment!". Natalia Smirnova, investor, entrepreneur, the best financial advisor in the European region (according to Global Financial Planning Awards in 2015, 2016 and 2018), a member of the Central Bank of Russia's Investor Protection Council, author of the book "Moneygrowing. A Guide to Growing Your Money" "We have very few decent stories about algo-trading in Russian, and I am glad that this book has been published. Don't look for the holy grail here - this is a book about a super successful man, not his methods. Simons is an icon of algo-trading. RenTech is an incredibly closed foundation, their secrets and technology are guarded as state secrets. If you already understand something about it, the book will definitely grab you and won't let you tear yourself away until you finish reading." Timofey Martynov, trader, founder of Smartlab community, author of the book "Trading Mechanism. How to build a business on the stock exchange?"