Jim Simons, RIP -- dead at age 86

klattermusen said:
This reminds of the buffet myth when it was charlie munger who had the real talent. In the case of Simons the genuine big brain was Shiing-Shen Chern ~ you can look him up. And apart from quant theory that should have stayed in academia; simons made money by having machines run the trades which in my opinion destroyed the original purpose of the stock market. He created the ultimate cheat pushing the human element out of the game. It's like letting a robot car compete at the F1 and have it win over real drivers. really? and that's great because? I've always been amazed and disappointed at the accolades given to men who just find ways to displace man. But he made a lot of money so I suppose at this stage our evolution that justifies all deeds.
More...

As long as he came up with the original strategies, I don't mind him using the machines running the trades using his strategies really. I mean everything is done by machines nowadays. Dishes are washed by machines, clothes are washed by machines, floors are vacuumed by robots, arithmetic calculations are done by calculators and computers. Does that mean that we don't know how to wash dishes, wash clothes, vacuum the floor or do arithmetics? If not, then how is it different when it comes to trading using human-designed strategies? I would agree with you if it's AI that's come up with the trading strategies but if it's him who really came up with the strategies but just used machines to carry them out, it's still achievements by human and he deserved all of the accolades.
 
Money Trust said:
R.I.P

If he smoked and drank as heavily as previous commenters said, then he did good to make it to 86. My grandmother died at 56 from cancer due to smoking, my grandfather at 64.
More...

My uncle was a tobacco farmer in South Carolina, and smoked filterless Camel cigarettes.
He died of lung cancer at 54, and his children continued to smoke after he died.

Some people have low learning curves.
 
DallasCowboysFan said:
My uncle was a tobacco farmer in South Carolina, and smoked filterless Camel cigarettes.
He died of lung cancer at 54, and his children continued to smoke after he died.

Some people have low learning curves.
More...
54....damn.
I'm gonna give his children a pass and attribute their actions to addiction being a hard thing to break.
 
I never smoked, as we used to refer to them as, cancer sticks.

But my father, as well, died at age 54 from too many Lucky Strikes and Scotch Whiskey.

I'm 10+ years past that now. No ciggies but plenty of Becks in younger years and Pinot Noir in later years. :)
 
You must log in or register to reply here.
Back
Top