The Math Genius Who “Solved” the Market for $31 Billion in Profits

Insights from a master investor… Published By Money & Markets, LLC. July 16, 2024 Published By Money & Markets, LLC. July 16, 2024 [Turn Your Images On] [Turn Your Images On] From The Desk of [Adam O'Dell]( Editor, [Money & Markets Daily]( The Math Genius Who “Solved” the Market for $31 Billion in Profits Money & Markets Daily, Jim Simons was one of the most influential investors of the last century. And he was a fascinating human being. Simons graduated from the Manhattan Institute of Technology at just 20 years of age in 1958. He celebrated his graduation by driving a motor scooter from Boston to Bogota, Colombia, before promptly returning to school at Berkley, where he earned his PhD at age 23. Specializing in cutting-edge mathematical problems, Simons focused on pattern recognition and early applications of what we now call “big data.” The man was a genius. And like so many of his ilk, Simons was also a controversial figure. He never hesitated to share his opinions, even when his opposition to the Vietnam War cost him his job at the Institute of Defense Analysis. He was on track to become a legend in his field. But then, he all but disappeared from academia…  A Data-Powered Renaissance in the Stock Market Simons reemerged on Wall Street in 1988, founding the hedge fund that would eventually become Renaissance Technologies. True to form, Simons was still an iconoclast. He eschewed traditional fundamental analysis of stocks, instead opting for an advanced quantitative approach. When seeking talent for his growing team, Simons brought in “outsiders” instead of traditional hedge fund analysts — looking to physicists, mathematicians and other academics. This was relatively early in the computer era of stock trading. However, Wall Street firms already had access to mountains of data, along with the processing power needed to make use of it all. If you’re familiar with Renaissance (or its flagship Medallion Fund), you already know the rest is history. Because his Medallion Fund has earned over $100 billion in profit since its inception, with a staggering average annual return of 66% over the last 36 years. Again, that’s his average — through bull markets, bear markets and everything in between! From humble beginnings, Simons grew his wealth to become the world’s 51st richest man, worth $31.5 billion when he passed this May. And over that time, his fund's strategy went from "on the fringes" and "controversial" … to the industry’s gold standard. Markets are now crowded with “flash” traders, quantitative strategies and institutional investors applying non-traditional approaches to their decision-making. But Main Street investors still struggle to cash in on this complex analysis — and it’s plain to see why…  --------------------------------------------------------------- [Turn Your Images On]( [Adam O’Dell’s New Wealth Multiplier]( On Tuesday, July 23, at 1 p.m. ET, Adam O’Dell is revealing his new breakthrough. It has nothing to do with crypto, options or penny stocks… yet it has the power to unlock the biggest profit potential in the stock market today. Giving folks a chance to grow their profits and multiply their wealth month after month. [Click here to RSVP.]( Click the link above to automatically register for The Wealth Multiplier Summit. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy](. --------------------------------------------------------------- Unlock a New Generation of Data-Driven Advantages Since its inception, quantitative analysis has always been a “by experts, for experts” sort of space. That’s why, even to this day, Wall Street firms are hiring accomplished scientists and mathematicians like Simons — instead of simply trying to train those skills internally. Indeed, I’ve learned from personal experience that quantitative analysis can be difficult to "grok" every step of the way. Whether you’re devising a new system, applying it in real-time to test its potential, or simply trying to maintain the discipline to stand by your convictions, successful quant trading requires knowledge and skill. Main Street investors simply don’t have enough time to master the discipline. You can’t just hit the “pause” button on your life and spend the next three years getting a degree in quantitative analytics (even if you wanted to — and trust me, you don’t). And you probably don’t have a spare million or two in your investing budget to hire a team of genius specialists like Simons, either. That’s why I’ve decided to open my [Wealth Multiplier Summit]( up to the public… During this special webinar event, I’m going to reveal how a handful of Main Street investors are already using an advanced quantitative system that has historically beaten the market 300-to-1. [All the details (including your invitation to sign up) are all right HERE.]( To good profits, [Adam O'Dell]( Editor, [Money & Markets Daily]( Click the link above to automatically register for The Wealth Multiplier Summit. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy](. --------------------------------------------------------------- Check Out More From Money & Markets Daily: - [EXPECT A “SURPRISE” FED TURNAROUND FOR SUMMER ’24…]( - [POLL: HOW BULLISH ARE YOU NOW?]( - [THAT'S NO MEME STOCK…]( --------------------------------------------------------------- [Turn Your Images On]( Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. 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The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2024 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe](