I highly recommend the book "The Man Who Solved the Market" by Gregory Zuckerman which explains how Simons build his infamous company.

https://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/0...

I recently read Reanaissance co-founder Jim Simon's biography [1]. It seems like they discovered some secret algorithmic sauce that nobody else has found. But that feels implausible. Would love to understand what really gave them their edge.

[1] https://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/0...

This was posted 4 days ago. Unfortunately, people didn’t have much to say then either.

The idea that math can effectively be used to “beat the market” seems like a fascinating subject where few want to divulge the secrets. Math has been used for decades:

https://www.amazon.com/Beat-Market-Scientific-Stock-System/d...

https://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/0...

One idea that does come up is reversion toward the mean, but few details are offered.

Publication founded by mathematician Jim Simons who started a hedge fund that consistently beat the markets and made billions.

The entire story:

https://www.amazon.com/Man-Who-Solved-Market-Revolution/dp/0...

Lots of interesting information on the internet about him too:

https://en.m.wikipedia.org/wiki/Jim_Simons_(mathematician)