The mathematician who cracked Wall Street | Jim Simons 

My main thought. He did an amazing job!

Older rich men often do I've noticed... Lawyers, judges, doctors, they speak slowly and simply, but there seems to be some wisdom in their words (usually). Buffet and Munger are examples of this and surprisingly there is a tiniest hint of humility at times. It's like yeah we know we're the best, but can still screw up and have plenty of times

he didnt explain anything?!?

once people don't feel the need to prove their intelligence through the way they speak, they can simplify. Somebody making deeply convoluted statements is probably insecure.

That is how you can tell someone really understands something, they can explain it so someone of little background understands it. Dr. Gilbert Strang, Liner Algebra, MIT 18.06..very good to know for Data Science...things my junior level Math 345 class didn't cover!

wow, I didn't know RIP

Several times? I can't find one instance of it. Why don't you cite some examples instead of taking the 'people familiar with the matter' approach.

I don't see it. I see the interviewer leading the interview which is his job, to direct the conversation to inform the people as much as possible in the limited time available. Like I said, all these people claiming the interviewer is interrupting fail to cite one example. I watched the video again and don't see it. I see a regular conversation.

Exactly, this interviewer is annoying

nope he kept the old man from rambling. Made him to talk about whats needed from him. Remember, there is a time constraint.

You are absolutely right :/ I think cause he is not familiar with the topics so he cant judge when Jim is about to go deeper in the talk.

How good is stony brook university and how well employers perceive it ? Also they has a master program in quant finance any thoughts about it ?

+ShadowSayan1 These talks are time limited, so CUT THE MAN OFF!

+shubus I have no idea, but Chris Anderson is the curator and he wanted to tell Jim's story I guess. Jim probably didn't want to give an 18 minute talk by himself so they compromised?

+dakrisis I get that but the thing is the man clearly knows what he's talking about and he probably had some very interesting stuff to say but he kept being asked more stuff. To put it simply I rather have 3 well answered questions than 6 incomplete answers.

True dat.

+ShadowSayan1 this guy would keep getting side tracked, chris just kept it on point and on course for the allotted time period

+BLTspace without the not-so-smart interviewer constantly interrupting and annoying everyone

+BLTspace I'm Sean Connery. Raarrrghhhh....

Hear hear !

me too. just wish the interviewer would let him talk

I thnk thats fascinating that you can listen to this guy all day. I find him incredibly boring. But maybe theres something im missing. x

Can you please tell me which books you have read about my friend Jim Simons?

It was funnyyyy 😂 #nope

laojace at what time?

@@JohnSmith-un1zj 23:08

what stupidity

This was work for government and it is still top-secret. Thats why.

Bloompicks just read it and felt it was disappointingly thin; fizzling out into a rant about Mercer / Trump.

The book is amazing. Very interesting from many aspects.

What he has done has nothing to do with economics and has more to do with finance. People have made just as much money with a lot less complexity and more transparency. Finance is all about identifying profits and long term stability of those products so that growth can be achieved. The balance sheet equation is just as important as it was 25 years ago. Certain things hold true no matter what because they are rooted in philosophical logic.

If he did publish than everyone will copy his strategies there is a reason why he is a very private person.

Or just crash the markets. Some need to lose so some can make money.

@@bighands69 Lol you claim to know finance, but talk about basic accounting (A = L+E) and compare it to the work of renaissance. Renaissance doesn't take money from LPs because they return all of it in few months. What other fund is doing it at this pace? None. People haven't made this much money at this scale at close to the same pace.

@@mod2 I have no idea what you are talking about. Can you explain what you mean.

I didin't like or dislike your comment because it had wisdom for sure. But also, I will say, the interviewer did well considering their job is to draw out as much information as they can in a 20 to 30 minute interview.

what field?

@@sonjak8265 mathematics, did you not watch the video?

@@kunkundalin I heard him mention the theorem on the relation among vertices, edges and faces, but did not hear him explain any mathematical theory in this interview.

@@sonjak8265 that's the deep mathematics theory u could learn. and high school only teach u the basic surface level of mathematics which mostly a dumb numbers.

So true, the only thing they love more is their own farts.

It may seem like it, but because there is an audience and multiple speakers, TED talks are limited to 18 minutes (it's specified in the guidelines). The intent is to get snapshots from remarkable people in several domains, not go Joe Rogan. They are pretty religious about the format.

All I saw was the back of his head the whole clip

Too right - a great interviewer wants to make himself invisible

Or think we love it.. he needs lessons from joe rogan

+ABitOfTheUniverse He was rudely interrupted imo.

hey

Don't know what you're talking about. Maybe you could cite an example.

Um.....yes.....and no. (To some this is so; to some Jim's "long-winded.") Ergo: Chris Anderson is "just doing his job." Well....by some, apparently not by you.

How many do? With their own remit trying to make the event more exciting !

@@age_of_reason You're a freaking idiot. If you can't see the fact that the interviewer doesn't even let him finish one "COMPLETE" thought without him interrupting Jim. STFU with your "cite an example" B.S. Here are some examples for you from @Elia Kaiser "Age of Reason Age of Reason Age of Reason To give you some examples. 10:54 / 11:26 You can ever hear Jim breath a little heavier cause he‘s anoyed. / and 13:55 just to name few :)"

bad intervies great speaker stupid interviewer

Chris runs the show. He was a lot more humble years ago before his guests, years ago.

Absolutely agree!

Brady Haran has an hourlong interview on his channel. (Numberphile)

i agree with that

joey I completely agree

Ahahaha!

I'm with you, too.

spiritual talks that aren't based on religion is cool tho

only if your values are limited to money

Morgan Freeman couldn't handle a candle to this cat.

Looool

That's fair, because Jim Gates is a black Morgan Freeman, an isomorphism. There must be a Chern-Simmons classification for this, LOL!

Using the powerful knowledge provided by math to become millionaire in financial markets is not noble, sorry!

I can't un-imagine this now.

Well said Kim. I have learnt this while working on my old job, it only pays more when investing is involved. Couldn’t just rely on my salaries

You are both lucky, it terrible trying to keep up here I just started watching videos online. l’m seriously in need of financial growth.

Kim what is your take in this?

I agree

Hannah Cholerton we have similar opportunities to turn things around. I have seen how it works and it pays enormous. I just need a good funding that’s all.

The numberphile interview is great!

Muhammad Yahia Tarabisfffç

Nikola Tesla: "If you only knew the magnificence of the 3 6 and 9, you would have the key to the Universe" Science uses numbers to count, I use them to play and attribute functions to them, just as they were alive + the 7 colors of the rainbow. Polarity blueprint secret in the visible spectrum of light: HOT Balance Cold Red-Orange-Yellow ]Green[ Blue-Purple-Pink 0) 1 ]2 3 {4 | 5} 6 7[ 8 (9 Add them up as palindrome an all will result 9 0+9=9; 1+8=9; 2+7=9; 3+6=9; 4+5=9; (this and colors are the only recursive information as the torus field has no end and beginning only two dark spots as emergence points to make some sense of the Universe and every force within it) Just as a puzzle or door, you need to figure out how to open it to reveal all it's secrets. Mother nature and the Father are man and woman, controlled by the main polarity-shift (existing and not), which is self or God. For 2000 years mankind has contemplated on it's source-code with no prevail. The problem, from my point of view is our medium or surroundings. We live in a space, where we can only perceive reality from our surroundings point of view. Man has never been able to think past, what he observes. We can state, that the words and ideas we are playing with are a product of observation, just like we are playing with LEGO pieces, yet we never think past those individual components, that make up our current EARTH-bound reality. The question is: Is it possible for the human brain to come up with something, that can explain everything and understand every force, reality, matter, dreams, illusions, magic, masonic wisdom, occult wisdom and every possible outcome, that can ever exist? My answer is yes! In order to reach full explanation of everything, man must take some starting points in consideration: - the theory must be understood by all beings, not just on Earth, but also from other star-systems and realities, even formless-matter-less lives, just like God or the Devil; - the theory must have some information, that everyone can relate to, from the highest PHD intelligence to the lowest and stupidest beings; - the theory must not be forced upon anyone, meaning that it must leave free will alone, so that the being can apply it in his or her reality, without limiting it's perception (not forcing it like: "this is the way it is, and you must accept it") - the theory must include and solve everything from all mathematical problems (like the Riemann Hypothesis) to every branch of science and it MUST even present the means to cure every disease, neutralize radiation and it must fix any problem invented and not understood by man. - the theory should accomplish man's every desire and it must make it reality, by letting man have the means to build or accomplish anything he or she may want. - the theory must answer every question asked by a being, even what happens after death and explain how ascension is possible (the rainbow body). - and finally, the theory must exist and not in the same time, just as it was told in all stories and riddles invented by everyone so far in our collective recorded story (not his-story, but our collective story) From my 3 points of view what all people on this Earth neglected is LOVE! Man has came up with simplistic forms of representation like Pythagoras an Fibonacci, after which he reasoned, that he can't crack the code like that so man ventured in complicated explanations, in the same time losing itself in the division (cube reality view) process of though. So we have built particle accelerators to observe the small, finally reaching a limit, that we called the plank. Understanding we can never go beyond the singularity we ventured in the macro, by building telescopes and started to discover huge planets, spaces, stars, black holes and galaxies, observing, that all is connected like a web. Never being able to decode the micro and macro, we have lost ourselves between the two limit-boundaries, that we called nothing and infinity. Einstein came along and presented us with a simple representation form, funnily enough explaining energy. Energy means movement or disturbance in a field so mankind has gave in to this stupidity, loosing itself in the power-struggle, just as the equation represents. Since man is the pentagram (head, 2 arms, 2 legs), mankind (science) has lost himself in the division process of self, that in it's simplest form can be written as follows: 5/2=2.5/2=2.5/2=2.5/2=2.5/2=2.5/2=....... to infinity, until we reach the big RIP of self and so the Universe. Since we have forced our minds to view everything as energy, we have built the LHC (huge power to access small understanding) and we even attributed the name "Dark expansion Force" to the observation of the acceleration of the Universe. Dark to my understanding means something bad, validated by the statement above, which is the division trap. Ever wondered why we keep saying thinking out of the box and not some other geometrical form? The box is the cube reality view, that is keeping us locked from ourselves (understanding) with 90 degree angles, just as we have built up the world, present in water pipe angle turns, most of our buildings and design structures. Unfortunately, once trapped in this lock, there is no way, man can escape it, since "science" alone has been the best tool, in explaining everything so far and we can even use it to measure and build technology with it, that we use in our daily life, never paying attention to how it may affect us. Since all devices and inventions came from this reality view, they are also a product of the same thought process keeping us even more locked away in the box. The real Theory of Everything must have an emotional impact also, since man is not based on just logic, but also emotions! Logic is a product of understanding, while emotions are a product of imagination. Like it has been said by Kabbalists, GOD created man to experience boundless fun and joy, without any limitation (infinity). How can we achieve this task? Let me say this. In the beginning there was nothing, not even space or anything, that can be understood, what commonly we refer to as the VOID. Since God created existence, God became existence itself and so every form of life possible in the Universe. Throughout evolution we arrived at this state, where Humans were created and reached a level of understanding, where, by looking into the water, man recognized himself, meaning man is the only being capable of consciously being aware of his existence. Creation was a dangerous game, since in order for God to make all this we see reality, it must gave himself completely away, by becoming it (the point), in the process loosing everything, even the though of creation and all the blueprint, that led reality in this state. So we can state, that God was a form of existence, that we can never be able to reason. God, before becoming everything and all reality, God has thought out all Creation, after which God realized, that the only way to make it possible is by giving himself completely away to it, drawing the fact, that God will lose everything, even the theory, which led him here (since the only "LEGO pieces" God had available to use in the VOID, was only and only the though, which from our understanding is information). Man, since it is capable of reason, man has the monumental task to realize how he came here, and in the process of cracking the though source-code, man will realize, that he is really God, and God is present in every detail throughout all reality. This is why none were capable of getting to TTOE, since none has the courage of stating, that he or she is God, drawing the fact, that God is also everything, that we observe. Technology is doing the thinking for us, while we get dumber and dumber, even forgetting to calculate and do everything in our minds. This is why analog has always conquered digital, since analog is continuous and digital is quantization of information. I have uploaded the real TOE on my RU-vid channel as slides and interactive presentation, where i have added, not just good, but also evil phrases, so the reader can understand, that fear and pain is preventing him to decode and understand it all. One to realize the truth it must have in sight not just light, but also dark forces, meaning in order to get somewhere, we must realize not just the good, but also the bad, that the good draws with it. THEORY (reality) document LINK: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-UBxKXQ8luEI.html I state, that I can answer, EVERY question mankind has, even all technology, psychology or any other field of interest to anyone no matter of the nature of the question Also there are in total 119 elements on the full periodic table. The laws of nature change with the common belief system. (Riemann zeta function - key to [mind] - the Door to Heaven - imagination color axis - unleash the furry behind the trivial 0 D00Rs) !!!UNLEASH THE FURRY OF THE PRIME CREATOR!!!! (0|0) THis is real!

@@Hermetics All I could think of near the end was the tree of knowledge and the devil telling eve basically what you told us, that wr are God and all of what you're saying is..."knowledge", did you get it from the tree? The dark one? Also, you would be a fan of polarization nation media/gnostic reclamation. He too, has a "unified code theory" of everything, the universe telling story throughout all of media and entertainment all tied together.

Exactly my thoughts 🙏🏼

Yeah, TED events are held with audience and multiple speakers. The TED guideline specifies that the maximum length of any talk is 18 minutes. It's the optimal compromise between information, attention span and respect for the other speakers. They are pretty religious about it.

There's a reason Ted videos are supposed to be dedicated to a topic. This went around all his life, not letting him properly clear things around any of it.

Origins of life? The true nature of the Universe? What drives the Universe? What powers stars, the Sun? The true nature of comets? ru-vid.com

Subhanallah, On hadist says Allah give 1 drop knowledge to human from entire ocean in earth , compare with knowledge from him.

Again, cite an example instead of just saying that. This is an interview with a mathematician. At least show your work son.

How many do you want?

So, I'm guessing there will be a lot of copy cats who do the same. Now with the AI taking off. My question is what will this do to the Markets? Bigger swings or flat neutrality? I read the LTCM book, they were all geniuses too, yet they failed. What separates Jim from them?

🐑💨🐑💨🐑💨🐑💨

they excel, not suffer

These kinds of people don't really live in the same world

Gorko Istinovic what’s his name?

Gorko Istinovic he bought some shitaltcoin recently

if you know any statistics you would know that it is guaranteed to have some proportion of the population who participate in stock market to achieve this kind of return. but at the same time, there are LOADS of people who lose their money by making decisions like this. what this man and most hedge fund look for is RISK ADJUSTED return. not some probability of astronomical return with a probability of 0.001%.

Dapper Don yeah right

Dapper Don. That's nothing. Crypto market was incredibly volatile in a bullish way from new hype that came in, so even people with no idea on investing could chuck in $50 and come out with 1k in no time..

Rafid Chowdhury Was just learning this from Robert Edward Grant!

I think they do, but the audience is small, and a tad eccentric.

Another eccentric that does not wear socks...

he wears those that help his blood pressure... ;P

Using the powerful knowledge provided by math to become millionaire in financial markets is not noble, sorry!

@ whats wrong with it

another great comment

Stfu

Dude, the interviewer is a reputed physicist himself. You dont know what you are talking about.

That's why we are commenting here rather than interviewing an Tedx speaker.

​@@LightHumor99 " (Chris) Anderson initially studied physics before changing to philosophy, politics and economics, and graduated in 1978." - Wikipedia Being reputed in physics is also a very big word.

Rudy Pilotto Naw. It just means that he values an hour of a teacher's time more than the rest.

There's a huge difference between a billionaire voluntary giving money to causes he believes in and the government forcing people who don't have billions to give them your money without your consent. State and federal governments need to do less and pay off the trillions in debt that they racked up through blatant disregard for the money they took.

@@superflytnt but can you say that in case many citizens don't think about that valuation?

vary interesting indeed........

You can adopt one. I am sure there are plenty of old people around desperate for some company whom may be thinking:"Damn, I wish my grandson would come and visit me once more."

I agree. He looks quite dapper.

yea except for the capri's... those are meant for women

A man his age really should be wearing socks. I don’t care how smart he is.

Often people without expert knowledge are the ones that ask the right questions to help non experts learn what the expert knows.

Layke Findley sure ...

@@TradingCoachOli So strange to have people view the situation entirely different, no?

@@laykefindley6604 To me it is annoying, if someone ignores the guest

@@TradingCoachOli Sure, not arguing that. The only thing I can think to say to change the perspective a little is to consider who is really the guest? The man, or the audience?

Hainezy omg

Noooo

Yes

I don't think he is...but he's probably caught a few BTC that have been tossed into that wallet, LOL!

He’s way too responsible and free of ego for that.

Of course he wouldn't tell such information

He did,He clearly said it at 9:09

It's called statistical arbitrate.

​@@riankashyap1996 Exactly he uses statistical models, the way he talks about predicting using moving averages, it sounds like he uses time series for forecasting with ADF and ARIMA models. They are common in Machine Learning and Quantitative Finance. Mostly used by professionals and hedge funds.

Please mention how !

Predictable? Get off your high horse. Even Simons was right only 50% of the time he'd been trading. Time series analysis is flawed.

Wall Street is full of mathematicians who have failed miserably and some of them are the most intelligent people in the world. One guy made it is not an example or argument of mathematics in investment. I have seen people with Zero mathematical ability make money.

Well, he didn't go into details, but apparently it worked. I guess they realized that things like heat waves will affect certain farm produce and then knew to buy the correct commodities or stock. It wasn't just technical analysis, but it also had fundamentals included. He mentioned that it worked at that point, but apparently as the methods became mainstream the edge was lost.