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The Man Who Solved the Market

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The Man Who Solved the Market

By: Gregory Zuckerman
Narrated by: Will Damron
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About this listen

Brought to you by Penguin.

Shortlisted for Theft and Mckinsey business book of the year award 2019

The first and fascinating look into the mind of Jim Simons, the shy billionaire who revolutionised 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 today.

As Renaissance became a major player in the financial world, its executives began exerting influence on other areas. Simons became a major force in scientific research, education and Democratic politics, funding Hilary Clinton's presidential campaign. While senior executive Robert Mercer is more responsible than anyone else for the Trump presidency - he placed Steve Bannon in the campaign, funded Trump's victorious 2016 effort and backed alt-right publication Breitbart. Mercer also impacted the success of the Brexit campaign as he made significant investments in Cambridge Anatlytica. For all his prescience, Simons failed to anticipate how Mercer's activity would impact his firm and the world.

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.

©2019 Gregory Zuckerman (P)2019 Penguin Audio
Analysis & Strategy Banks & Banking Business Corporate & Public Finance Investing & Trading Professionals & Academics Programming Programming & Software Development Science & Technology Software Development & Engineering Stocks Technology Banking Thought-Provoking Inspiring Investing Mathematics Wall Street Software Software Development

Critic Reviews

"Reads more like a delicious page-turning novel...Put it on your holiday gift list for your favourite hedge-fund honcho." (Bloomberg)

"A compelling read." (Economist)

All stars
Most relevant  
Very good read, highly recommend to all investors. many lessons can be learned from this book's content.

Very good read, highly recommend to all investors.

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It's a good biography and is not a primer on share trading. That's what you need to keep in mind when you read/listen to this book.

Biography

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What a fascinating story. You feel like you get to know the people as it was very well written.

Excellent Story

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Um not one to usually enjoy these subjects hence my review. It's just a great story from start to finish. If you are even a tiny bit scientific or analytical get into it.

Surprisingly great storyline

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If you are after a technical audiobook outlining trading strategies then this book probably isn't for you. If however you want a story that follows the lives of a group of people dealing with the trials and tribulations of designing algorithms that can profitably trade, then this is a great listen.

Interesting story that kept me listening

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This is the best overview I've read of Jim Simons and the Renaissance Capital story - including the foundation of the company and Robert Mercer's involvement. Don't expect technical breakdowns of how the Renaissance algorithms work. There are some tidbits of the recipe but this book is more an overview of the man and his story. Will Damron's reading is great, as always, but the story might be too dry for anyone who is not deeply interested in finance and mathematics.

A peek behind the curtain at Renaissance Capital

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It’s refreshing to hear how a bunch of mathematicians with no idea about the markets makes billions.

The truth about investing

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The message i got was for any big decision is to accumulate as much quant data as possible , let your brain / machine process it, , try to reduce emotional bias but then go with your gut feel.

Wow what an insightful book!

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This book is more about the people surrounding Jim Simons rather than Jim Simons himself. This is simply an observation rather than a complaint. An interesting book which if anything, steered me away from trading, now understanding just how difficult it is. If your a mathematician, this book would read like a love story. Narration was excellent. Full points to Zuckerman.

A love story for Mathematicians

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This is a nice story about a great trader who revolutionized the industry of quants.
well written with a really good investigation.

Nice story with some juicy insides

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