How Jim Simons' Machines Changed the Stock Market | Business History Podcast скачать в хорошем качестве

How Jim Simons' Machines Changed the Stock Market | Business History Podcast

Jim Simons, founder of quantitative hedge fund Renaissance Technologies, began his career as a brilliant academic mathematician and Cold War codebreaker before turning his attention to the financial markets. Using mathematics, data, and early machine-learning techniques, Simons built powerful computer algorithms designed to spot inefficiencies in the stock market. Along with a team of elite mathematicians, physicists, and programmers, he gathered massive datasets—from reports and books to magnetic tapes—and fed them into algorithminc models that could trade faster and smarter than humans. The hedge funds Simons created went on to generate some of the greatest returns in Wall Street history, reshaping modern finance and launching the era of algorithmic trading. But what does this mean for human traders? Have machines and AI permanently taken over the markets? #AI #business #investing #WallStreet #stockmarket #QuantTrading #hedgefunds $machinelearning #AIinFinance #tech #finance Subscribe: Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/0eCqHmu... About Business History It’s the history of business. How did Hitler’s favorite car become synonymous with hippies? What got Thomas Edison tangled up with the electric chair? Did someone murder the guy who invented the movies? Former Planet Money hosts Jacob Goldstein and Robert Smith examine the surprising stories of businesses big and small and find out what you can learn from those who founded them. Special thanks to Buzzispace for generously providing the studio space for this episode! Stay Connected Website: https://www.pushkin.fm/podcasts/busin... Instagram:   / businesshistorypod   TikTok:   / businesshistorypod