The Man Who Solved the Market

How Jim Simons Launched the Quant Revolution

Gregory Zuckerman

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English

Penguin
13 June 2023

Biography: business & industry; Economics & Business; Investment & securities; Financial services industry; Algorithms & data structures; Personal finance

The first and fascinating look into the mind of Jim Simons, the shy billionaire who revolutionized Wall Street

Jim Simons is the greatest moneymaker in modern financial history. His record bests those of legendary investors, including Warren Buffett, George Soros and Ray Dalio. Yet Simons and his strategies are shrouded in mystery. The financial industry has long craved a look inside Simons's secretive hedge fund, Renaissance Technologies and veteran Wall Street Journal reporter Gregory Zuckerman delivers the goods.

After a legendary career as a mathematician and a stint breaking Soviet codes, Simons set out to conquer financial markets with a radical approach. Simons hired physicists, mathematicians and computer scientists - most of whom knew little about finance - to amass piles of data and build algorithms hunting for the deeply hidden patterns in global markets. Experts scoffed, but Simons and his colleagues became some of the richest in the world, their strategy of creating mathematical models and crunching data embraced by almost every industry. Simons and his team used their wealth to upend the worlds of politics, philanthropy and science. They weren't prepared for the backlash.

In this fast-paced narrative, Zuckerman examines how Simons launched a quantitative revolution on Wall Street, and reveals the impact that Simons, the quiet billionaire king of the quants, has had on worlds well beyond finance.

By: Gregory Zuckerman
Imprint: Penguin
Country of Publication: United Kingdom
Dimensions: Height: 198mm, Width: 129mm, Spine: 23mm
Weight: 278g
ISBN: 9780241309735
ISBN 10: 0241309735
Pages: 384
Publication Date: 13 June 2023
Audience: Professional and scholarly , General/trade , Undergraduate , ELT Advanced
Format: Paperback
Publisher's Status: Active

Gregory Zuckerman is a special writer at the Wall Street Journal. He writes about big financial trades, hedge funds, private-equity firms and other investing and business topics. He's a three-time winner of the Gerald Loeb Award, the highest honour in business journalism. Zuckerman is the author of The Greatest Trade Ever and The Frackers, and he appears regularly on CNBC, Fox Business and other networks around the world. He lives in New York.

Reviews for The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution

So compelling, filled with so many fascinating characters and new information... The book reads more like a delicious page-turning novel... Destined to become an instant classic...my nominee for financial book of the year * Barry Ritholtz, Bloomberg * A terrific book, a terrific read... I recommend it highly... It's a hell of a story * Lou Dobbs, Tonight, Fox News * Tells a surprisingly captivating story. It turns out that a firm like Renaissance, filled with nerdy academics trying to solve the market's secrets, is way more interesting than your typical greed-is-good hedge fund * Joe Nocera, New York Times * Gregory Zuckerman lifts the lid on the most fascinating man in financial markets...superb reporting * Robin Wigglesworth, Financial Times * Zuckerman brings the reader so close to the firm's inner workings that you can almost catch a whiff of the billionaire's Merit cigarette * Brandon Kochkodin, Bloomberg * A gripping biography of investment game changer Jim Simons... readers looking to understand how the economy got where it is should eat this up * Publishers Weekly * Worthwhile reading for budding plutocrats and numerate investors alike * Kirkus * Zuckerman vividly tells the story of how Jim Simons and his team of scientists developed the most successful quantitative trading operation in history. . . . Immensely enjoyable * Edward O. Thorp, author of A Man for All Markets * An extremely well-written and engaging book . . . a must read, and a fun one at that * Mohamed A. El-Erian, author of The Only Game in Town * Leave it to the Wall Street Journal's Greg Zuckerman to lay open the golden mysteries of quantitative investing. With this fine, humane, and eye-opening book, he's well and truly broken the code * James Grant, Grant's Interest Rate Observer * The fascinating, page-turning tale of a complicated man and the movement he started, rendered in accessible prose and full of bravura storytelling * Gary Shteyngart, author of Lake Success * One of Inc.com's Top 20 Business and Leadership Books of the Year 2019 * Inc.com * A compelling read * the Economist *