SMCI - Remembering Jim Simons: Revisiting One Of The Legendary Investor's Best Lectures | Benzinga
Jim Simons, RIP
When news of Jim Simons' passing broke on Friday, may noted the extraordinary returns of his firm's flagship fund.
IF YOU INVESTED JUST $1,000 IN JIM SIMONS MEDALLION FUND IN 1988 YOU WOULD HAVE OVER $42 MILLION DOLLARS TODAY FOR COMPARISON IF YOU BOUGHT THE S&P 500 YOU WOULD HAVE $40,000 INVESTING IN WARREN BUFFET’S BERKSHIRE WOULD HAVE GIVEN YOU $152,000 TRULY THE GREATEST TO EVER DO IT https://t.co/joZB2xcGs4
— GURGAVIN (@gurgavin) May 10, 2024
Of course, you couldn't have invested in the Medallion Fund unless you worked at Simons' Renaissance Technologies. But there was more to Jim Simons than being one of history's best investors. He lived an amazing life, as he detailed in the lecture below.
A couple of things that jumped out at us from this lecture:
- The importance of luck. When he was young, Simons borrowed money from his father to invest in a friend's business in Colombia. A few years ...