The Algorithm Behind Jim Simons's Success
Reflections on a Wall Street legend.
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Among Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, there are two Magnificent Seven members prominent billionaires want nothing to do with, and another they keep piling into.
Simons story is of extraordinary intellect and unconventional methods, setting him apart in the investment world. While Buffett, Munger and Kahneman offered insights and knowledge that the average investor could adopt, Simons approach was different. His reliance on advanced mathematical models and statistical analysis was innovative and almost exclusive to his firms unique skill set.
Prominent billionaire investors shockingly sent two premier income stocks to the chopping block in the March-ended quarter, while piling into a monthly dividend payer with a nearly 15% yield.
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