Generic selectors

Exact matches only

Search in title

Search in content

Post Type Selectors

Decoding Success in Finance: Remarkable Quotes by Jim Simons

“ One can predict the course of a comet more easily than one can predict the course of Citigroup’s stock ”

– Jim Simons

“ The attractiveness, of course, is that you can make more money successfully predicting a stock than you can a comet ”

– Jim Simons

“ Patterns of price movement are not random. However, they’re close enough to random… ” 

– Jim Simons

“ We search through historical data looking for anomalous patterns that we would not expect to occur at random ”

– Jim Simons

“ Past performance is the best predictor of success ”

– Jim Simons

“ A good atmosphere and smart people can accomplish a lot ”

– Jim Simons

“ The system is always leaking, and we keep having to add water to keep it ahead of the game ”

– Jim Simons

“ It’s supply and demand. If gold is discovered, then it gets harder to make money mining gold because everyone’s competing with you ”

– Jim Simons

“ In this business it’s easy to confuse luck with brains ”

– Jim Simons

“ We don’t hire people from business schools. We don’t hire people from Wall Street. We hire people who have done good science ”

– Jim Simons

“ Luck, is largely responsible for my reputation for genius ”

– Jim Simons

“ I don’t walk into the office in the morning and say, ‘Am I smart today?’ I walk in and wonder, ‘Am I lucky today? ”

– Jim Simons

“ I felt so powerless about being fired. I thought, ‘They can’t fire you if you’re chairman ”

– Jim Simons

“ We don’t override the models ”

– Jim Simons

“ We are not a teaching organization. We are a research organization. We hire people to make mathematical models of the markets in which we invest ”

– Jim Simons

“ Those kinds of times… when everyone is running around like a chicken with its head cut off, that’s pretty good for us… ”

– Jim Simons

“ We have three criteria: If it’s publicly traded, liquid and amenable to modeling, we trade it ” 

– Jim Simons

“ We may have bad years, we may have a terrible year sometimes. But the principles we’ve discovered are valid ”

– Jim Simons

“ Great people. Great infrastructure. Open environment. Get everyone compensated roughly based on the overall performance ”

– Jim Simons
Share