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Showing posts with the label James Simons

Just my thoughts #0735

It is said that men put their words in their hearts, and women put their hearts in their words. Men simply want to present the facts, while women seek empathy. Men speak to solve problems, but women talk to relieve their minds. Although the language used is the same, the grammar of the mind works is often different. Even if their expressions differ, both are necessary; because they are different, we don’t need to build walls. It’s hard, but accepting ‘difference’ opens up a new world. Therefore, the first step to happiness is communication. - Joseph’s “just my thoughts”

Just my thoughts #0092

James Simons founded Renaissance Technologies, the leading American hedge fund investor. He was, in fact, a mathematician. The Medallion Fund he ran had also seen a 200-fold increase in Berkshire Hathaway stock yield, matching Warren Buffett's performance. It was an incredible record, plain and simple. This conclusion was a subtraction of 5% of the management fee from the fund as a GP with 44% of the compensation fee. He invested in a cutting-edge "quant system" that trades stocks using sophisticated computer-aided algorithms. To eliminate emotional interference, the finance industry excluded employees. However, they recruited doctors like him from the science and technology fields. Even having extensive financial and investment knowledge, investment is the conclusion of action. Sound judgment beyond feelings is crucial for investment, but feelings are a variable. It's challenging to become wealthy if you don't control your emotions. In other words, emotions are a...