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. — 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.

Success in investing is not about being right all the time. It's about minimizing losses and maximizing gains. — **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. — 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. — **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. — 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. — 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. — **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. — 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. — 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. — 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. — **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. — **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. — 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. — 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. — **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. — 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. — In this **business** it’s easy to confuse **luck** with brains.

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.

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.

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

I do have a capacity to just contemplate.

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. — 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. — 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.

“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. — 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. — 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. — 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. — 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