Billionaire Mathematician James Simons Flopped the First Time He Invested

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James Simons is an giving mythology. He founded a wildly successful hedge fund, Renaissance Technology LLC, that utilizes Ph.D. mathematicians to detect insidious predictive patterns in market data. He’s increased a net worth of roughly $16 billion, according to the Bloomberg Billionaires Index. In a talk on Oct. 26, Simons revealed that he hasn’t always […]

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