The Man Who Tricked the Stock Market With Math
He made billions — and didn’t even have an economics degree.
Jim Simons wasn’t a Wall Street guy. He was a mathematician and former codebreaker for the NSA.
In the 1980s, he founded Renaissance Technologies, a hedge fund that used algorithms instead of intuition.
He applied mathematical models to predict market fluctuations with absurd accuracy.
His fund, the Medallion Fund, made over 66% annual returns for decades — turning thousands into millions.
How?
By ignoring human emotion entirely.
While everyone else panicked, the algorithms just calculated.
When asked what his secret was, Simons said:
“Luck… and not talking to economists.”
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