Hedge Fund Manager James Harris Simons Quotes

Find motivational quotes collection by American mathematician who was a professor of mathematics at Stony Brook University.

James Simons Quotes on Business

  • We have very high standards and it works. Our business is wonderful as a result.
  • It’s difficult to run a business and be so consumed with another passion.
  • I have one guy who has a Ph.D. in finance. We don’t hire people from business schools. We don’t hire people from Wall Street. We hire people who have done good science.
  • Once in a while the phenomena we exploit are particularly present. We like a reasonable amount of volatility. In our business we want some action.
  • Through high school, anything related to business seemed absurd to me.
  • I’ve always believed if there’s going to be a hit – take it and then go on about your business.

James Simons Quotes on Fund

  • Size works against you in a fund like this.
  • Inversion was the kiss of death. The fund was unhedged with respect to the yield curve.
  • We treat these funds as instruments. But unlike the deutsche mark, managers change their character over time. It’s messier to model those time series, but it’s not impossible. We do our best.
  • We manage funds who’s trading is determined by mathematical formulas. We operate only in highly liquid publicly traded securities meaning we don’t trade in credit default swaps or collateralised debt obligations…
  • We have been caught in what appears to be a large wave of deleveraging on the part of quantitative long/short hedge funds.
  • While we believe we have an excellent set of predictive signals, some of these are undoubtedly shared by a number of long/short hedge funds.
  • We decided that systematic trading was best. Fundamental trading gave me ulcers.

James Simons Quotes on Life/ Family

  • Luck plays a meaningful role in everyone’s lives.
  • I thought it was the coolest thing – what a life, to go out at 2 a.m. with friends and do math over coffee. It seemed like the world’s greatest career
  • I used to have it in my house. My wife didn’t particularly like it.
  • Patterns of price movement are not random. However, they’re close enough to random…

James Simons Quotes on Mathematics

  • Had nothing to do with mathematics. Happily, more things went for us than against us.
  • I was always interested in math, even when I was a very little kid.
  • Teaching math and science ought to be a professional activity in which those professionals are well-paid and happy to do that as a career.
  • I wanted to do mathematics from the time I was 3. Literally. I would think about numbers and shapes.
  • I always liked maths. When I was a little boy, I would think about numbers and shapes and even logic. And I was a kid who just liked thinking.
  • By high school I knew that I was going to be a scientist of some sort. But I just assumed mathematics.
  • I wasn’t the fastest guy in the world. I wouldn’t have done well in an Olympiad or a math contest. But I like to ponder. And pondering things, just sort of thinking about it and thinking about it, turns out to be a pretty good approach.
  • I want a guy who knows enough math so that he can use those tools effectively but has a curiosity about how things work and enough imagination and tenacity to dope it out.

James Simons Motivational Quotes

  • We started to think about a whole new way to look at futures.
  • To myself, I have said, ‘I’m 62; by the time I’m 65, I’d like to pass the baton.’
  • I like big round numbers. The papers call me the $100 billion guy.
  • We are not a teaching organization. We are a research organization. We hire people to make mathematical models of the markets in which we invest.
  • Everything is to some extent a compromise. Not everything can be perfect.
  • It’s always nice to see your work picked up by someone else and carried on.
  • I’ve always intended to retire in the next two years. I’ve been saying that for a long time. The two years is a constant.
  • Our trading models actually tend to be contrarian often buying stocks recently out of favour and selling those recently in favour.
  • God gave me a tail to keep off the flies. But I’d rather have had no tail and no flies.
  • Some firms say they have models; what they typically mean is the model advises the trader what to do, and if he likes the advice he’ll take it and if he doesn’t like the advice he won’t take it.
  • They are less likely to accept an apparent winning strategy that might be a mere statistical fluke.
  • I’ve always felt like something of an outsider, no matter what I was doing.
  • I found this whole process of speculation quite interesting, in particular I had gotten interested in currencies.
  • It was fun and successful. I’ve never really looked back… It was just a new leaf in the book.
  • We’re moving in the direction of collaborative, goal-driven science.
  • I’m supposed to be retired. But I’m juggling a lot of things.
  • We can’t create our own data… You just have to play the data as it plays.

James Simons Famous Quotes

  • Past performance is the best predictor of success.
  • good atmosphere and smart people can accomplish a lot.
  • Signals generated by a series of proprietary predictive systems.
  • We don’t want to give away our big secrets here.
  • Those kinds of times… when everyone is running around like a chicken with its head cut off, that’s pretty good for us
  • One can predict the course of a comet more easily than one can predict the course of Citigroup’s stock. The attractiveness, of course, is that you can make more money successfully predicting a stock than you can a comet.
  • We have three criteria: If it’s publicly traded, liquid and amenable to modeling, we trade it.
  • We search through historical data looking for anomalous patterns that we would not expect to occur at random.
  • It’s supply and demand. If gold is discovered, then it gets harder to make money mining gold because everyone’s competing with you.
  • There’s no such thing as the goose that lays the golden egg forever.
  • Luck, is largely responsible for my reputation for genius. I don’t walk into the office in the morning and say, ‘Am I smart today?’ I walk in and wonder, ‘Am I lucky today?’
  • The things we are doing will not go away. We may have bad years, we may have a terrible year sometimes. But the principles we’ve discovered are valid.
  • Chern-Simons offers a route to solve Poincare’s conjecture, but it’s a difficult route, and there are other difficult routes.