140 Gregory Zuckerman, How Jim Simons solved the market

Gregory Zuckerman grew up in Rhode Island and graduated from Brandeis University, in 1988. He had an interest in finance and investing from a young age.

Gregory ZuckermanAfter graduation, Gregory had a hard time getting a job on Wall Street. He worked at different odd jobs here and there, but one day he saw an ad for a financial journal. He never considered being a financial journalist but he was happy to take the job, he was happy to write about stocks. Eventually, in 1996 he joined the Wall Street Journal.

Gregory Zuckerman is a Special Writer at The Wall Street Journal. He writes about big financial trades, hedge funds, private-equity firms, and other investing and business topics. In the past, Gregory Zuckerman wrote the “Heard on the Street” column and covered the credit markets for the paper.

He started writing books because he loves telling stories. Although the journal is a nice vehicle to share short stories, it’s not the ideal vehicle to tell more in-depth stories, stories where Gregory gets into the complexity of the characters.

Gregory Zuckerman is the author of

  • The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters.
  • The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History.
  • Greg and his two sons wrote Rising Above: How 11 Athletes Overcame Challenges in Their Youth to Become Stars, a book for young readers and adults that describes the moving and remarkable stories of how various stars overcame imposing setbacks in their youth.

Jim Simons, the man who solved the market

His latest book is The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution.

The unbelievable story of a secretive mathematician who pioneered the era of the algorithm–and made $23 billion doing it.

is the greatest moneymaker 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 twenty-three billion dollars.

Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, 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 Technologies 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’s revolution means for the rest of us.

Where to find Gregory:

Twitter: https://twitter.com/GZuckerman
LinkedIn: Gregory Zuckerman

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