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The Man Who Solved the Market

Narrated by: Will Damron
Length: 10 hrs and 44 mins
5 out of 5 stars (7 ratings)

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Publisher's Summary

Brought to you by Penguin.  

Shortlisted for The Ft and McKinsey Business Book of The Year Award 2019 

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' 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.   

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, placing Steve Bannon in the campaign, funding Trump's victorious 2016 effort and backing alt-right publication Breitbart. Mercer also impacted the success of the Brexit campaign. 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

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Profile Image for Ben Everington
  • Ben Everington
  • 17-11-2019

Insightful and engaging

I enjoy books on this and similar topics, and am aware of the risk that a lot of them will go over my head or the subject matter is too dry/specific for the keen amateur. This didn’t do any of that, it was interesting, engaging and thought provoking. I completed the whole book in a couple of sittings, which is unusual for me. Hope you enjoy it too.

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  • steven merrigan
  • 15-11-2019

Insightful

Fantastic narration enhances a rigorous examination of the Jim Simons/Renaissance story. Interesting digression into the political activities of Simons, Mercer et al. Highly recommended.