Book Review: The Man Who Solved the Market

The Man Who Solved the Market is the tale of the most profitable trader to ever play the game: Jim Simons. And if, you're like me, you've never heard of him.

Simons emerged on the scene after MIT and code breaking for the U.S. government. He's a mathematician, and that is perhaps the reason for his success. In a different stratosphere of brilliance, Simons relied on quantitative investing before most people even understood what a computer was. He built a team of scientists and mathematician's, not traders and economists, and the firm ended up creating the most profitable trading system to be developed.

Per the book:

Simons is arguably the most successful trader in the history of modern finance. Since 1988, Renaissance's flagship Medallion hedge fund has generated average annual returns of 66%. Warren Buffett, George Soros, Peter Lynch, Steve Cohen, and Ray Dalio all fall short.

This book tells that tale. Of how Jim Simmons helped revolutionize Wall Street. The end of the book gets into the 2016 presidential campaign and just how far money will take you in our society. It's interesting, but the heart of this book is quantitative investing, and I wish it stayed in that lane.

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