Jim Simons definitely has the greatest track record of all time.
Who is the Greatest Trader of all time?
- Thread starter Darc
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Point taken, and my comment was about the book, not the trader. He's got nothing on Hillary!
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Exactly+ for sure better than J Livermore.
Even though some may say his Heavenly Father did better with the fastest gain on silver gold, copper, iron, real estate, fish, cattle+ sheep .........................Genesis 1;1
J Livermore = maybe a read more type book;
but he also blew up an accounts + another account in one cycle , multiple market orders, about 30% bid\ ask spread or ask/bid spread , more than several times in that cycle. Unusual old market to be sure, but hardly the best trader on that lack of risk control.
Boy Plunger by definition = reckless
\ sorry he never grew up much.
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Hello GlobalMacro90,
Exactly, Jim Simon fund returned 66% annually over a thirty-year span from 1988 to 2018.
His fund is the best group of traders I ever met in my life.
on the retail side, I do not know. Mark B. is very good trader.
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Most likely\ but traders like Jessee Livermore can be more a good example of what not to do/
unless the main goal is thrills +chills \blowing up accounts+ blowing up accounts+ blowing out one's brains......................................
I got some thing else helpful again out of it/ 2022; i use market order$ on exits about 80% of the time\ but if i started losing 30% on bid\ ask ,that is from yesterdays close \ i would not keep doing it.
But my main goal is not thrills+ chills/ blowing up multiple accounts or blowing out my brains.
I also like the way when he was young/he knew he liked capital markets not socialism, so I still enjoy part of his experience
I cut a loss on some no money down real estate also; live + learn
What is his track record?
Marty Schwartz? Kovner has to be in there. I think PTJ was a great trader but he seems to be more into the intellectual discussion now. Is Soros still trading or is he more interested in his "open society?" Gotta give him props, though, for some of his big trades of the past.
Simons is really the problem with this question. It has no meaning. Jim Simons said himself he sucks at programming computers and sucked at discretionary trading himself.
All the greats in modern times are great because of the teams they built.
Ken Griffin is worth 30 billion at 54 though. Simons is worth slightly less but is 84.
Buffet is a businessman IMO so I don't think he counts.
Net worth is ultimately the measuring stick and I can't imagine Ken Griffin not coming out on top when he still has decades for Citadel to compound.
Tudor Jones isn't even close to Ken at this point IMO.
Ken is such a baller too. Most expensive house in the US at one point. Owns the second most expensive painting ever sold right now.
All the greats in modern times are great because of the teams they built.
Ken Griffin is worth 30 billion at 54 though. Simons is worth slightly less but is 84.
Buffet is a businessman IMO so I don't think he counts.
Net worth is ultimately the measuring stick and I can't imagine Ken Griffin not coming out on top when he still has decades for Citadel to compound.
Tudor Jones isn't even close to Ken at this point IMO.
Ken is such a baller too. Most expensive house in the US at one point. Owns the second most expensive painting ever sold right now.
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Possibly, before Jim Simons, it used to be Soros Quantum fund if longest period of highest mean return is the criterion. He had various partners along the way. It started with the "Double Eagle Fund" in 1969 with 4 million in assets. $1000 invested in 1969, if dividends could have been reinvested, would have been worth well over 2 million by [1995]. (see "Soros on Soros", John Wiley & Sons, 1995,pg 3)
Soros had a number of partners starting with Jim Rogers as a junior partner. There were quite a few others who figured in the running of what became the Quantum Fund as it grew. Stanley Druckenmiller ran the fund for Soros in later years. The Quantum Fund did not produce steady gains, but a series of up and downs, yet over 26 years, while Soros was actively involved in managing the fund, the average annual return was just shy of 35%! That was after management took their cut!!!.
Soros had a number of partners starting with Jim Rogers as a junior partner. There were quite a few others who figured in the running of what became the Quantum Fund as it grew. Stanley Druckenmiller ran the fund for Soros in later years. The Quantum Fund did not produce steady gains, but a series of up and downs, yet over 26 years, while Soros was actively involved in managing the fund, the average annual return was just shy of 35%! That was after management took their cut!!!.
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