The Man Who Solved the Market

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Release : 2019-11-05
Genre : Business & Economics
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Book Rating : 998/5 ( reviews)

The Man Who Solved the Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Man Who Solved the Market write by Gregory Zuckerman. This book was released on 2019-11-05. The Man Who Solved the Market available in PDF, EPUB and Kindle. NEW YORK TIMES BESTSELLER Shortlisted for the Financial Times/McKinsey Business Book of the Year Award The unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it. Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit. The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.

A Man for All Markets

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Release : 2017-10
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Book Rating : 972/5 ( reviews)

A Man for All Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Man for All Markets write by Edward O. Thorp. This book was released on 2017-10. A Man for All Markets available in PDF, EPUB and Kindle.

Jim Simons's Medallion Hedge Fund and Renaissance Technologies Testifies Before the House Oversight Committee.

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Release : 2020-06-08
Genre : Business & Economics
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Book Rating : 704/5 ( reviews)

Jim Simons's Medallion Hedge Fund and Renaissance Technologies Testifies Before the House Oversight Committee. - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Jim Simons's Medallion Hedge Fund and Renaissance Technologies Testifies Before the House Oversight Committee. write by James Simons. This book was released on 2020-06-08. Jim Simons's Medallion Hedge Fund and Renaissance Technologies Testifies Before the House Oversight Committee. available in PDF, EPUB and Kindle. James Simons, Medallion Hedge Fund and Renaissance Technologies, president testifies about the risks that hedge funds pose in the financial markets, before the House Oversight Committee, and HEARING BEFORE THE SENATE PERMANENT SUBCOMMITTEE ON INVESTIGATIONS by Jonathan Mayers, Counsel on Behalf of Renaissance Technologies LLC... The most successful hedge fund in history describe their business model as a positive expected value game. The model developed by Renaissance for Medallion and Medallion with barrier options makes predictions that are profitable only slightly more often than not. Moreover, the predicted price movements can be easily overwhelmed by external events. To compensate for these factors, the model generates a large number of recommendations, so that by virtue of the mathematical principle known as the law of large numbers, the variability of the returns produced by the model is greatly reduced.

More Money Than God

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Release : 2011-05-03
Genre : Business & Economics
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Book Rating : 753/5 ( reviews)

More Money Than God - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook More Money Than God write by Sebastian Mallaby. This book was released on 2011-05-03. More Money Than God available in PDF, EPUB and Kindle. Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story of their origins in the 1960s and 1970s, their explosive battles with central banks in the 1980s and 1990s, and finally their role in the financial crisis of 2007-9. Hedge funds reward risk takers, so they tend to attract larger-than-life personalities. Jim Simons began life as a code-breaker and mathematician, co-authoring a paper on theoretical geometry that led to breakthroughs in string theory. Ken Griffin started out trading convertible bonds from his Harvard dorm room. Paul Tudor Jones happily declared that a 1929-style crash would be 'total rock-and-roll' for him. Michael Steinhardt was capable of reducing underlings to sobs. 'All I want to do is kill myself,' one said. 'Can I watch?' Steinhardt responded. A saga of riches and rich egos, this is also a history of discovery. Drawing on insights from mathematics, economics and psychology to crack the mysteries of the market, hedge funds have transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. And while major banks, brokers, home lenders, insurers and money market funds failed or were bailed out during the crisis of 2007-9, the hedge-fund industry survived the test, proving that money can be successfully managed without taxpayer safety nets. Anybody pondering fixes to the financial system could usefully start here: the future of finance lies in the history of hedge funds.

A Shot to Save the World

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Release : 2021-10-26
Genre : Business & Economics
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Book Rating : 403/5 ( reviews)

A Shot to Save the World - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Shot to Save the World write by Gregory Zuckerman. This book was released on 2021-10-26. A Shot to Save the World available in PDF, EPUB and Kindle. "An inspiring and informative page-turner." –Walter Isaacson Longlisted for the FT/McKinsey Business Book of the Year Award The authoritative account of the race to produce the vaccines that are saving us all, from the #1 New York Times bestselling author of The Man Who Solved the Market Few were ready when a mysterious respiratory illness emerged in Wuhan, China in January 2020. Politicians, government officials, business leaders, and public-health professionals were unprepared for the most devastating pandemic in a century. Many of the world’s biggest drug and vaccine makers were slow to react or couldn’t muster an effective response. It was up to a small group of unlikely and untested scientists and executives to save civilization. A French businessman dismissed by many as a fabulist. A Turkish immigrant with little virus experience. A quirky Midwesterner obsessed with insect cells. A Boston scientist employing questionable techniques. A British scientist despised by his peers. Far from the limelight, each had spent years developing innovative vaccine approaches. Their work was met with skepticism and scorn. By 2020, these individuals had little proof of progress. Yet they and their colleagues wanted to be the ones to stop the virus holding the world hostage. They scrambled to turn their life’s work into life-saving vaccines in a matter of months, each gunning to make the big breakthrough—and to beat each other for the glory that a vaccine guaranteed. A #1 New York Times bestselling author and award-winning Wall Street Journal investigative journalist lauded for his “bravura storytelling” (Gary Shteyngart) and “first-rate” reporting (The New York Times), Zuckerman takes us inside the top-secret laboratories, corporate clashes, and high-stakes government negotiations that led to effective shots. Deeply reported and endlessly gripping, this is a dazzling, blow-by-blow chronicle of the most consequential scientific breakthrough of our time. It’s a story of courage, genius, and heroism. It’s also a tale of heated rivalries, unbridled ambitions, crippling insecurities, and unexpected drama. A Shot to Save the World is the story of how science saved the world.