Jim Simons Quotes About Life, Luck, Trading and Math

“The things we are doing will not go away.  We may have bad years, we may have a terrible year sometimes.  But the principles we’ve discovered are valid.” – Jim Simons

Famous Jim Simons Quotes 

  1. “Past performance is the best predictor of success.”

2. “Don’t give up easily. Stick to something. Not to the point where it’s clearly insane, but be persistent.”

3. “Getting fired once can be a good experience. You just don’t want to make a habit of it.”

4. “Luck plays a meaningful role in everyone’s lives.”

5. “We search through historical data looking for anomalous patterns that we would not expect to occur at random.”

6. “In this business it’s easy to confuse luck with brains.”

7. “It’s difficult to run a business and be so consumed with another passion.”

6. “Our trading models actually tend to be contrarian often buying stocks recently out of favour and selling those recently in favour.”

7. “Work with the smartest people you can. Hopefully smarter than you even. It amplifies your effect.”

8. “There’s no such thing as the goose that lays the golden egg forever.”

9. “Everything is to some extent a compromise. Not everything can be perfect.”

 Deep Jim Simons Quotes Trade and Work

10. “Hire the smartest people you possibly can. Work collaboratively, and let everyone know what everyone else is researching, so people aren’t wasting their time.”

11. “A good atmosphere and smart people can accomplish a lot.”

12. “The things we are doing will not go away.  We may have bad years, we may have a terrible year sometimes.  But the principles we’ve discovered are valid.”

13. “I’ve always felt like something of an outsider, no matter what I was doing.”

14. “Past performance is the best predictor of success.” 

15. “I want a guy who knows enough math so that he can use those tools effectively but has a curiosity about how things work and enough imagination and tenacity to dope it out.”

16. “I’m ambitious and I like to do things well. I love to create something that really works. We have lots and lots and lots of strategies, and each new one gives me a lot of pleasure, to see something new that works.” 

17. “Of course we can’t show the model or tell people how we calculate our forecasts.  That would be like Warren Buffett telling the world what stocks he’s buying before he buys them.”

18. “I’ve always believed if there’s going to be a hit – take it and then go on about your business.”

19. “Patterns of price movement are not random. However, they’re close enough to random so that getting some excess, some edge out of it is not easy and not so obvious-thank God. God probably doesn’t care. Thank whoever.” 

 Deep Jim Simons Quotes About Math and Business

20. “It’s always nice to see your work picked up by someone else and carried on.”

21. “I wasn’t the fastest guy in the world. I wouldn’t have done well in an Olympiad or a math contest. But I like to ponder. And pondering things, just sort of thinking about it and thinking about it, turns out to be a pretty good approach.”

22. “We have very high standards and it works.  Our business is wonderful as a result.”

23. “We are not a teaching organization.  We are a research organization.  We hire people to make mathematical models of the markets in which we invest.”

24. “We have three criteria: If it’s publicly traded, liquid and amenable to modeling, we trade it.” 

25. “ It’s supply and demand. If gold is discovered, then it gets harder to make money mining gold because everyone’s competing with you.”

26. “The system is always leaking, and we keep having to add water to keep it ahead of the game.”

27. “I was always interested in math, even when I was a very little kid.”

28. “Teaching math and science ought to be a professional activity in which those professionals are well-paid and happy to do that as a career.”

29. “Great people.  Great infrastructure.  Open environment.  Get everyone compensated roughly based on the overall performance.  That made a lot of money.  I disparage some for whom model-making was a part-time hobby.”

30. “Teaching math and science ought to be a professional activity in which those professionals are well-paid and happy to do that as a career.”

Jim Simons is an American mathematician, hedge fund manager, and philanthropist who was born on April 25, 1938.

He founded Renaissance Technologies, a quantitative hedge fund with offices in East Setauket, New York. He and his fund are well-known as quantitative investors who use mathematical models and algorithms to profit from market inefficiencies in their investments. 

Due to Renaissance and its Medallion Fund’s cumulative long-term investment returns, Simons is referred to as “the greatest investor on Wall Street” and, more specifically, “the most successful hedge fund manager of all time” due to his success in managing hedge funds.

Simons is currently ranked as the 53th richest person in the world, according to the Bloomberg Billionaires Index, with an estimated net worth of $28.8 billion.

Simons has a reputation for his research on pattern recognition. By creating a theoretical framework to integrate geometry, topology, and quantum field theory, he helped to advance string theory and create the Chern-Simons form (alongside Shiing-Shen Chern).

To support research in mathematics and the fundamental sciences, Simons and his wife established the Simons Foundation in 1994. He established the Simons Institute for the Theory of Computing in 2012 and has been a trustee of Berkeley’s Simons Laufer Mathematical Sciences Institute since 1999. He is one of the largest donors to the University of California, Berkeley.

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