Top 11 Most Famous Jim Simons Quotes (BEST)
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, 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
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
“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
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
“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
“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
“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
(MUST READ) The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution
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