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  • Jim Simons, Math Genius Who Conquered Wall Street, Dies at 86

    From Leroy N. Soetoro@21:1/5 to All on Thu May 16 03:05:27 2024
    XPost: sci.math, alt.obituaries, alt.fan.rush-limbaugh
    XPost: talk.politics.guns, sac.politics

    https://www.nytimes.com/2024/05/10/business/dealbook/jim-simons-dead.html

    Jim Simons, the prizewinning mathematician who abandoned a stellar
    academic career, then plunged into finance — a world he knew nothing about
    — and became one of the most successful Wall Street investors ever, died
    on Friday in his home in Manhattan. He was 86.

    His death was confirmed by his spokesman, Jonathan Gasthalter, who did not specify a cause.

    After publishing breakthrough studies in pattern recognition, string
    theory and a framework that combined geometry and topology with quantum
    field theory, Mr. Simons decided to apply his genius to a more prosaic
    subject — making as much money as he could in as short a time as possible.

    So at age 40, he opened a storefront office in a Long Island strip mall
    and set about proving that trading commodities, currencies, stocks and
    bonds could be nearly as predictable as calculus and partial differential equations. Spurning financial analysts and business school graduates, he
    hired like-minded mathematicians and scientists.

    Mr. Simons equipped his colleagues with advanced computers to process
    torrents of data filtered through mathematical models, and turned the four investment funds in his new firm, Renaissance Technologies, into virtual
    money printing machines.

    Medallion, the largest of these funds, earned more than $100 billion in
    trading profits in the 30 years following its inception in 1988. It
    generated an unheard-of 66 percent average annual return during that
    period.

    That was a far better long-term performance than famed investors like
    Warren Buffett and George Soros achieved.


    --
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    No collusion - Special Counsel Robert Swan Mueller III, March 2019.
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    fiasco, President Trump.

    Under Barack Obama's leadership, the United States of America became the
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    queer liberal democrat donors.

    President Trump boosted the economy, reduced illegal invasions, appointed dozens of judges and three SCOTUS justices.

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  • From Ben Bacarisse@21:1/5 to Leroy N. Soetoro on Thu May 16 13:27:41 2024
    XPost: sci.math, alt.obituaries, alt.fan.rush-limbaugh
    XPost: talk.politics.guns, sac.politics

    "Leroy N. Soetoro" <democrat-criminals@mail.house.gov> writes:

    https://www.nytimes.com/2024/05/10/business/dealbook/jim-simons-dead.html

    Jim Simons, the prizewinning mathematician who abandoned a stellar
    academic career, then plunged into finance — a world he knew nothing about — and became one of the most successful Wall Street investors ever, died
    on Friday in his home in Manhattan. He was 86.

    ... Mr. Simons decided to apply...

    Mr. Simons equipped his colleagues...

    Why "Mr" -- he had a PhD did he not? Maybe you are quoting the NYT, but
    then that's even more odd...

    --
    Ben.

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  • From J.D. Baldwin@21:1/5 to Ben Bacarisse on Sun May 19 13:30:56 2024
    XPost: sci.math, alt.obituaries, alt.fan.rush-limbaugh
    XPost: talk.politics.guns, sac.politics

    In the previous article, Ben Bacarisse <ben.usenet@bsb.me.uk> wrote:
    https://www.nytimes.com/2024/05/10/business/dealbook/jim-simons-dead.html

    Jim Simons, the prizewinning mathematician who abandoned a stellar
    academic career, then plunged into finance — a world he knew
    nothing about — and became one of the most successful Wall Street investors ever, died on Friday in his home in Manhattan. He was
    86.

    [...]

    Why "Mr" -- he had a PhD did he not? Maybe you are quoting the NYT,
    but then that's even more odd...

    The AP Stylebook basically reserves "Doctor" as a title for -- it
    doesn't phrase it this way -- someone who can write a prescription,
    even a limited range of prescriptions (such as an optometrist or a
    vet). The NYT is not unusual in this respect, and I'm not sure I know
    of a real news organization (are there any left?) that does not
    observe this practice, except of course with respect to "Dr. Martin
    Luther King, Jr."
    --
    _+_ From the catapult of |If anyone objects to any statement I make, I am _|70|___:)=}- J.D. Baldwin |quite prepared not only to retract it, but also
    \ / baldwin@panix.com|to deny under oath that I ever made it.-T. Lehrer ***~~~~----------------------------------------------------------------------

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  • From Alan Bowler@21:1/5 to J.D. Baldwin on Sun May 19 17:30:47 2024
    XPost: sci.math, alt.obituaries, alt.fan.rush-limbaugh
    XPost: talk.politics.guns, sac.politics

    On 2024-05-19 9:30 a.m., J.D. Baldwin wrote:


    The AP Stylebook basically reserves "Doctor" as a title for -- it
    doesn't phrase it this way -- someone who can write a prescription,
    even a limited range of prescriptions (such as an optometrist or a
    vet). The NYT is not unusual in this respect, and I'm not sure I know
    of a real news organization (are there any left?) that does not
    observe this practice, except of course with respect to "Dr. Martin
    Luther King, Jr."


    and Dr. Henry Kissinger.

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