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Jim Simons: A Rare Interview


dcollon
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Really interesting guy, but there is zero I can learn about investing from him...

 

Step 1: Be a math genius

 

...well I'm out.

 

 

A big part of investing is understanding how the world works and all the companies and players in it. Charlie Munger talks about this a lot with his mental models. It's important to spend time learning about a wide variety of people and businesses that may not have a direct impact on investment returns. Those things can help you understand one more small piece of the world which is ultimately a positive. And learning about extremely successful people can never hurt.

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  • 1 year later...

Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on...

 

The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s.

 

Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right?

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Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on...

 

The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s.

 

Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right?

 

Like a derivative Inception?

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Maybe I'm biased because I'm currently reading When Genius Failed, but I wonder how much leverage RenTech is putting on...

 

The article said 4-5 times for equity group. I believe LTCM's leverage was in 20s.

 

Thats 4-5 times for the capital, but the capital is invested in derivatives that have their own leverage, right?

 

Like a derivative Inception?

 

Lol - like using margin to purchase options. Leverage on Leverage.

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