Philosophers / Thinkers

44 Jim Simons Quotes About Life & Math (TRADING)

Top 11 Most Famous Jim Simons Quotes (BEST)

Don't be afraid to take risks and embrace failure. That's where the best opportunities often lie.Pin
Don’t be afraid to take risks and embrace failure. That’s where the best opportunities often lie.
The best decisions are often made with data and evidence, not just gut feelings.Pin
The best decisions are often made with data and evidence, not just gut feelings.
Success in investing is not about being right all the time. It's about minimizing losses and maximizing gains.Pin
Success in investing is not about being right all the time. It’s about minimizing losses and maximizing gains.
It's important to surround yourself with smart and talented people. Collaboration and diverse perspectives lead to better outcomes.Pin
It’s important to surround yourself with smart and talented people. Collaboration and diverse perspectives lead to better outcomes.
Giving back and making a positive impact on the world is a responsibility we all have.Pin
Giving back and making a positive impact on the world is a responsibility we all have.
It's not enough to hire talented people and hope for the best. We also have to give them the freedom to do what they think is right.Pin
It’s not enough to hire talented people and hope for the best. We also have to give them the freedom to do what they think is right.
The key is to focus on things that are under your control and make a difference. Don't get distracted by the things you can't change.Pin
The key is to focus on things that are under your control and make a difference. Don’t get distracted by the things you can’t change.
Persistence and discipline are key traits for long-term success in any field.Pin
Persistence and discipline are key traits for long-term success in any field.
You have to be willing to question conventional wisdom and think for yourself.Pin
You have to be willing to question conventional wisdom and think for yourself.
The most important thing in life is to have a sense of purpose and meaning.Pin
The most important thing in life is to have a sense of purpose and meaning.
I thought it was the coolest thing – what a life, to go out at two a.m. with friends and do math over coffee.  It seemed like the world’s greatest career.Pin
I thought it was the coolest thing – what a life, to go out at two a.m. with friends and do math over coffee.  It seemed like the world’s greatest career.

8 Jim Simons Quotes on the Importance of Luck in Life

“Let’s suppose you have a coin that is 70/30 heads. Well, if you get to bet heads, you are going to win seven times out of ten. Three times out of ten you are going to lose, and that’s bad luck. So you need a measure of good luck to avoid a long run of tails when you have a 70/30 coin that’s heads. At a certain point the luck evens out.”

Jim Simons
Luck plays a role in success, but the harder you work and the more you prepare, the luckier you get.Pin
Luck plays a role in success, but the harder you work and the more you prepare, the luckier you get.
Luck plays a meaningful role in everyone’s lives.Pin
Luck plays a meaningful role in everyone’s lives.
In investing, luck may occasionally give you a boost, but it's the rigorous analysis and discipline that sustain long-term success.Pin
In investing, luck may occasionally give you a boost, but it’s the rigorous analysis and discipline that sustain long-term success.

Luck, is largely responsible for my reputation for genius. I don’t walk into the office in the morning and say, ‘Am I smart today?’ I walk in and wonder, ‘Am I lucky today?’”

Jim Simons
You can't control luck, but you can control your preparation and effort.Pin
You can’t control luck, but you can control your preparation and effort.
Luck can come and go, but a solid strategy and disciplined execution are what lead to consistent results.Pin
Luck can come and go, but a solid strategy and disciplined execution are what lead to consistent results.
Don't rely on luck alone. Develop a systematic approach that accounts for uncertainty and seeks to capitalize on opportunities.Pin
Don’t rely on luck alone. Develop a systematic approach that accounts for uncertainty and seeks to capitalize on opportunities.

10 Deep Jim Simons Quotes that will Make You Think

“When you’ve done your best, there isn’t a great deal to apologize for. But not having anything to apologize for and not feeling bad are two different things. Certainly, I feel bad for anyone losing money.”

Jim Simons
In this business it’s easy to confuse luck with brains.Pin
In this business it’s easy to confuse luck with brains.
Good atmosphere and smart people can accomplish a lot.Pin
Good atmosphere and smart people can accomplish a lot.
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.Pin
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.
The system is always leaking, and we keep having to add water to keep it ahead of the game.Pin
The system is always leaking, and we keep having to add water to keep it ahead of the game.

“The best way to conduct research on a larger scale is to make sure everyone knows what everyone else is doing. The sooner the better. Start talking to other people about what you’re doing. Because that’s what will stimulate things the fastest.”

Jim Simons
Everything is, to some extent, a compromise. Not everything can be perfect.Pin
Everything is, to some extent, a compromise. Not everything can be perfect.
There’s no such thing as the goose that lays the golden egg forever.Pin
There’s no such thing as the goose that lays the golden egg forever.
I do have a capacity to just contemplate.Pin
I do have a capacity to just contemplate.
It’s always nice to see your work picked up by someone else and carried on.Pin
It’s always nice to see your work picked up by someone else and carried on.

11 Jim Simons Quotes on Business and Success (INVESTING)

“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.”

Jim Simons
I’ve always believed, if there’s going to be a hit, take it and then go on about your business.Pin
I’ve always believed, if there’s going to be a hit, take it and then go on about your business.
Past performance is the best predictor of success.Pin
Past performance is the best predictor of success.
We search through historical data looking for anomalous patterns that we would not expect to occur at random.Pin
We search through historical data looking for anomalous patterns that we would not expect to occur at random.

“You need to build a system that is layered and layered. And with each new idea, you have to determine, ‘Is this really new, or is this somehow embedded in what we’ve done already?’ So you use statistical tests to determine that, yes, a new discovery is really a new discovery. Okay, now how does it fit in? What’s the right weighting to put in? And finally you make an improvement. Then you layer in another one. And another one.”

Jim Simons
We have very high standards and it works. Our business is wonderful as a result.Pin
We have very high standards and it works. Our business is wonderful as a result.
It’s supply and demand. If gold is discovered, then it gets harder to make money mining gold because everyone’s competing with you.Pin
It’s supply and demand. If gold is discovered, then it gets harder to make money mining gold because everyone’s competing with you.

“I was either going to write a thesis in mathematics, or trade soy beans because it was impossible to do both at the same time so I gave that up. But always in the back of my mind I liked this trading business and found it interesting.”

Jim Simons
It’s difficult to run a business and be so consumed with another passion.Pin
It’s difficult to run a business and be so consumed with another passion.
We have three criteria If it’s publicly traded, liquid and amenable to modeling, we trade it.Pin
We have three criteria: If it’s publicly traded, liquid and amenable to modeling, we trade it.

“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.”

Jim Simons

4 Jim Simons Quotes About Math

“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.”

Jim Simons
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.Pin
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.
Scientists and mathematicians are trained to dig below the surface of the chaotic, natural world to search for unexpected simplicity, structure, and even beauty.Pin
Scientists and mathematicians are trained to dig below the surface of the chaotic, natural world to search for unexpected simplicity, structure, and even beauty.
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.Pin
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.
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(MUST READ) The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

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Jim Simons Quotes About Life & Math (TRADING) - Gracious QuotesPin
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