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The Man Who Solved the Market

How Jim Simons Launched the Quant Revolution
Narrated by: Will Damron
Length: 13 hrs

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Publisher's Summary

Gregory Zuckerman, the best-selling author of The Greatest Trade Ever and The Frackers, answers the question investors have been asking for decades: How did Jim Simons do it?

Shortlisted for the Financial Times/McKinsey Business Book of the Year Award

Jim Simons is the greatest money maker in modern financial history. No other investor - Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros - can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth 23 billion dollars.

Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world.

As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit.

The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons' revolution means for the rest of us.

©2019 Gregory Zuckerman (P)2019 Penguin Audio

Critic Reviews

"A gripping biography of investment game changer Jim Simons...readers looking to understand how the economy got where it is should eat this up." (Publishers Weekly)

"Worthwhile reading for budding plutocrats and numerate investors alike." (Kirkus)

"Zuckerman vividly tells the story of how Jim Simons and his team of scientists developed the most successful quantitative trading operation in history.... Immensely enjoyable." (Edward O. Thorp, author of A Man for All Markets)

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