Renaissance Technologies - Trading Strategies Revealed | A Documentary

For the first time, we detailed how Renaissance Technologies developed various trading strategies over the years, from early mean reversion to utilizing kernel methods and so on. In this short documentary, we tell the history of Ren Tech!

#rentech #jimsimons

[Finaius]

00:53 Chapter 1 - First Million
04:43 Chapter 2 - Mean Reversion Strategy
09:23 Chapter 3 - The Kelly Criterion
12:13 Chapter 4 - The Equity Business

[sassydesi]

So he didn’t take a course from Udemy or one of these bazillion social media traders?

[betonitcso]

Simons is a simple man.
No returns?
Math.
Not enough returns?
Hire mathematicians.
Still wanting more returns?
Hire more mathematicians.

[RosaLei]

RIP Jim Simons -The Legendary Genius Investor died today 05/10/24 -I linked this video to my friend last night and told her "This inspires me greatly!" Sad to hear but oh what a legacy he left. 🥰

[atimko]

Interesting that Jeff Bezos used to work at a quantitative hedge fund in NY. He certainly knew the power of mega trends, large numbers and mass Market inception.

[ai.simplified..]

16:30 Don, t give up keep persistance
6:28 mean reversion strategy
7:02 stochastic(random) process
7:30 machine learning @1980
7:54 kernel methods 1st to use mon_linear_, regrresion, pattern&clusters even correlations
8:48
8:56 high dimensional kernel regression works how long a trending will last
9:17 Combine mean reversion with trend following
9:27 20% return
9:28 game&information theory so they focus on shorter term traits to reduce risk by in&out quickly short term approach
10:32 kelly criterion or scientific gambling method
11:18 anomaly isn, t random with big data
12:42 starting equity business
13:50 natural language processing in 1990 wo0ow
13:07
Robust ability to hire talents

[warsame]

Correction - *Fields Medal is equivalent to Nobel Prize* not Oswald veblen prize, although it is still a very prestigious award

[darrienjames]

This is a great documentary. It’s encouraging to see academics leverage their knowledge in the market.

[DanT-iuoc]

Jim Simons apparently also the CEO of Evil Corp lmao

[bdcopp]

Most people would say the fields medal is the highest prize in mathematics.

[Raymondjohn]

Great video, I've been interested in investing ever since I came across articles of people making up to $150, 000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

[amazloum]

The title is misleading viewers .. it’s more about Jim Simon history than revealing a strategy.. there is no strategy revealing in this video...

[Kelberi]

Don't give up! Stick to it if you believe in it.

[boringafgames]

Great video, keep it up! I think one key information missed out is the fact that these mathematicians had ownership in the company . If one of them made a winning formula they all profited. I think that was one of the key ingredients for Renaissance Technologies success.

[lizgichora]

So smart; ' hire the Smartest', ' persistence has a lot of value along with patience. Thank you for this brilliant lesson Jim Simons.

[ZenTradeGame]

Your videos are so immersive, and clearly you did a lot of research. Well done!

[BlackSwan-sqiw]

Being good at math really pays off in today’s world. Top math graduates who ended up in the top quant trading firms can expect half a million dollar package in their first year out of school. Even those who do make it to the top firms can expect couple hundred thousand.

[Evelyn]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[balboa-capital]

The secret is he read the book "How to Fund Hedges for Dummies"

[weilun]

This man literally created a money printer