RenTec's Jim Simons on "From Quant to Riches"

Quote from Div_Arb:

Ever hear of Warren Buffet? He is all over the place all the time and never travels with a posse. He is also the 3rd richest person in the world and is arguably the best investor period.
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<A HREF="http://youtube.com/watch?v=xUvRZ-XnVKQ" TARGET="***">the last few seconds in the clip</A>
 
Great insights. I am learning a lot from this website. I am inspired to read a lot about the biography of these rich men in the industry. I want to become like them.
 
QuantPlus, what are those classic methods ?

Quote from QuantPlus:

Actually...
That's not the way it would work.

There are 2 main things that keep operations "secret":

(1) Iron-clad non-disclosure agreements.
These are VERY enforceable in court...
And just the threats and fear factor is effective.

(2) Very few people can build a firm to compete with these guys...
Not some coder... not some quant with a PhD...
So few... maybe 1 in 10,000 people...
That it's not much to worry about.

What these guys are doing is not such a Big Secret anyway...
There are only so many ways to practice arbitrage...
Most things they are coding is just classic methodology...
The edge comes from execution, execution, execution.
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Yes that's true Bill gates is always on the TV but he is only doing this for the exposure of his companies not to socialize like most of the other businessmen man. Sometimes I wonder what's he's true reason why he attends party? Is it to meet people and have friends then later become business partners or meet people to become his business partner then become friends.
 
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