Math Professor and Legendary Trader, Jim Simons, passed away today. A sad day indeed
Posted: May 10, 2024
- Jim Simons, co-founder of Renaissance Technologies, has passed away at 86 - Simons was a mathematician and investor known for his success in the stock market - Renaissance Technologies is a well-known hedge fund that uses quantitative strategies - Simons' investment strategies and success have made him a role model for many in the finance industry. - Jim Simons, co-founder of the Simons Foundation, mathematician, investor, and philanthropist, passed away at the age of 86 - Together with his wife, Marilyn Simons, he donated billions to support math and science research and education - Jim was a mathematician, investor, and philanthropist, known for founding Renaissance Technologies - His work has led to breakthroughs in understanding autism, the universe, biology, and computational science - The Simons Foundation will continue Jim's vision for philanthropy into the future
Summarized top reddit comments: - Jim Simons achieved 40% returns after fees in one of his funds - He had a shocking 66% annual return before fees - His biography inspired others to trade, but some ended up losing more money - Some admire him for being different and not like the rest - He was a pioneer in front running the market - His passing is a sad day for many, having inspired people to get into investing - Some wish he had done more interviews or written a book - He is remembered for his quote about math, money, and giving away most of his wealth - Recommendations for books about Jim Simons and his work are shared - Some wonder if his smoking habit played a role in his long life.
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