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The Man Who Solved the Market

Narrated by: Will Damron
Length: 10 hrs and 44 mins
4.7 out of 5 stars (179 ratings)

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Publisher's Summary

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

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

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What listeners say about The Man Who Solved the Market

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Nice story with some juicy insides

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

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The truth about investing

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

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Quant King 🤴

Great Audible listening book. Must listen book for a people who’re interested in Finance world.

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No learning provided what so ever- very bland

No learning provided what so ever- very bland, Not for someone wants to understand what Jim Simmons did to make money. No explanation provided.....

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Interesting story that kept me listening

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.

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Surprisingly great storyline

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.

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Wow what an insightful book!

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.

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  • Ru
  • 11-02-2020

A fantastic story well narrated.

The secretive Renaissance Medallion fund and its founder Jim Simmons have been at the forefront of the quantitative investing revolution, but this story is as much about the people involved as it is about the investment strategy. The influence in the fields of maths, machine learning, education, politics, speech recognition and world events such as Brexit and the Trump 2016 by Renaissance current and former employees is staggering. The narration is excellent, capturing a rich tone in telling a fascinating story.

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Very good read, highly recommend to all investors.

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

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A must for anyone interested in finance.

The Man Who Solved The Market, the story of the man who lead Renaissance Technologies and brought Wall Street into the age of Computer aided trading by using Petabytes of data and complex mathematical equations aswell as lots of good old fashion brain power tells how Jim Simon's took a team of mathematicians and computer programmers with no knowledge of Financial markets to build a multi billion dollar hedge fund and revolutionize market trading. Starting from simple means working meanial jobs before studying math and becoming a teacher and acclaimed mathematician finding an interest in the stock market it took him a while before discovering just how he could use math and computers in the 1960s to make great headway into trading before which he cracked code for US Intel during the early days of the cold war. It wasn't till the 1980s & 90s that things really took off for Jim taking many of his early partners along for the ride.

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  • Similo
  • 31-12-2019

Useless

This book is basically about the lives of RenTec employees and their successes. Useless

2 people found this helpful

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  • Christos Spanos
  • 16-06-2020

Conjecture and sciolism.

Didn't understand the functioning of markets, quant trading or otherwise. More of an effort for sensationalism than fact

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  • Denise
  • 18-02-2020

Interesting man and colleagues, but boring book

A lot of drawn out fluff in this book. I was on the edge of being fascinated the whole time, due to the people and the stories involved, but there was never really much to sink my teeth into. Too much filler, perhaps.

5 people found this helpful

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  • stu1815
  • 23-01-2020

Not enough insights into Renaissance

The author starts the book by saying how secretive Renaissance is and that not many people were willing to speak to him. This is apparent in the book: 85% is about the people who are/have been part of the organisation. The backstory of these people is relevant, but starts to bore after a while. The really interesting gems of how Renaissance works are left uncovered, so that the reader is left without much new knowledge of how this secretive quant hedge fund operates and makes money.

3 people found this helpful

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  • 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.

3 people found this helpful

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  • Anonymous User
  • 17-02-2020

Very entertaining

Very entertaining but lacks technical details for the savy reader looking for insight into Renaissance actual trading.

2 people found this helpful

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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.

1 person found this helpful

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  • Jiri
  • 01-10-2020

Outstanding!

This book is much better than I thought it will be. Story of Jim Simons is like movie and I am sure one day it will. Because this is a story worth to tell and listen. You will be surprised what you will learn.

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  • Kim
  • 15-07-2020

I enjoyed it throughly.

Only one chapter was boring out of 16 chapters. I recommend if you like math, science and books about scientists

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  • Meinheld
  • 01-04-2020

Fascinating.

Great story and educational at the same time. Opened my eyes to the new age of man and machine finance.

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  • Richard
  • 10-02-2020

very interesting

A really interesting story and one that anyone who in interested in stock markets or machine learning should read.

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  • Magnus Domellvf
  • 19-01-2020

Very interesting

Great story, good insights, good combination of individual stories and the greater picture. Good narrator.