SI61: Jim Simons & Renaissance Technologies

Published: Nov. 10, 2019, 8:50 p.m.

In this week\u2019s episode, we discuss the recently published book on Jim Simons & Renaissance Technologies, why you shouldn\u2019t be too focused on one position, why it can be difficult to avoid overriding your system based on recent fundamentals, what investors can learn from the world\u2019s best Poker players, and why luck should only be the result of following your edge.  Plenty of questions answered this week including: Should you add to winning positions?  Do you only trade Breakouts or do you also use indicators?  Does less volatility mean more robustness?  Do you trade ETFs?

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Episode TimeStamps:

00:00 \u2013 Intro

00:50 \u2013 Live event review

02:45 \u2013 Weekly review of performance

10:40-  Voicemail from Jim

13:20 \u2013 Top tweets

36:05 \u2013 Question 1: Matt; Do you use indicators beyond price action and new highs/lows?

42:00 \u2013 Questions 2/3: James; How do you calculate sample size? Does each lookback window need to be treated independently or should risk be managed in aggregate?

51:40 \u2013 Questions 4/5: Brian; Why are more volatile systems considered more robust? Does lower volatility lead to better compound returns?

01:06:40 \u2013 Question 6: Gaetano; Do you trade ETFs?

01:10:00 \u2013 Benchmark performance update

01:11:00-  Ray Dalio discussion

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