Achieve 66% return per year with the 7 strategies of Jim Simons
Here are the 7 strategies that Jim Simons uses to have a 66% anual return in the stock market. Quantitative Analysis Simons, a math genius, gathered vast amounts of historical data, volumes, and annual reports to find anomalies to profit from. Trend Trading In the early days, his team focused on finding trends in commodity markets like copper, gold, and silver. Reversion to the Mean A key strategy for his Medallion fund was profiting when a stock's price reverted to its average. Hiring Geniuses Instead of people with finance backgrounds, he hired individuals with Ph.D.s in math and physics. Leverage The Medallion fund borrowed money to leverage its investments and boost returns. Reports suggest they borrowed around $17 for every $1 invested. Ignoring Emotions His team of mathematicians and physicists focused on numbers and data, treating trading like a science experiment and ignoring market emotions. Machine Learning Simons was an early adopter of machine learning, using machines t...