Renaissance Technologies - Trading Strategies Revealed | A Documentary
2020 ж. 8 Жел.
993 110 Рет қаралды
For the first time, we detailed how Renaissance Technologies developed various trading strategies over the years, from early mean reversion to utilizing kernel methods and so on. In this short documentary, we tell the history of Ren Tech!
For more information about Ren Tech, you can buy Zuckerman's book on Amazon here - amzn.to/34ywJom
Visit finaius.com to access our Quant model for capital markets.
Hardware - To train the Deep Fake video, I used my Alienware Laptop (amzn.to/3htVJSU) and Nvidia Quadro p6000 in a Razer Core GPU Enclosure (amzn.to/3aTSrqN).
Instagram: falcon.xu
LinkedIn: linkedin.com/in/rocky-xu-0487498b/
#rentech #jimsimons
00:53 Chapter 1 - First Million 04:43 Chapter 2 - Mean Reversion Strategy 09:23 Chapter 3 - The Kelly Criterion 12:13 Chapter 4 - The Equity Business For more information about Ren Tech, you can buy Zuckerman's book on Amazon here - amzn.to/34ywJom
MLP m c
I watched this video 3 times I still want to watch it again its so knowledgeable
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it.
@@selinagooglethestvekstrate8102 thanks Selina will look it up
@P Delta Check description
RIP Jim Simons -The Legendary Genius Investor died today 05/10/24 -I linked this video to my friend last night and told her "This inspires me greatly!" Sad to hear but oh what a legacy he left. 🥰
Simons is a simple man. No returns? Math. Not enough returns? Hire mathematicians. Still wanting more returns? Hire more mathematicians.
Rofl
Not that easy The mathematicians cost as well If you hire too many mathematicians you will inevitably face less return at some point
Yl U think U hav a kEn observation, U didn’t notice B4 beneath & beyond his intuitive hiring of this or that excelling mathematician, was intuition. even if one is using understanding, math, AI, & so on, etc., as navigation tools.. before even that is awareness creativity, etc.- many have said monkeys have traded better then experienced brokers, but he has adapted that creative adaptive mind a monkey or any being might have- & used it with the understanding, measuring, etc. tools you HAVE noticed in your funny comment✋😉. It’s like this, no matter how good 1 is at math, thA’v gotta Use the force(which is actually thE ebb.-btw)
simple Simon says
single life no wife? hire a mathematician.
So he didn’t take a course from Udemy or one of these bazillion social media traders?
Course sellers certainly aren't making their money in the market haha
If you take a course make sure you learn business and not stock prices
Just taking a guess here, but I also think he didn't blow his entire life savings chasing Robinhood recommendations. 😂😂😂
No it was because of skillshare
Wkwkwk
Interesting that Jeff Bezos used to work at a quantitative hedge fund in NY. He certainly knew the power of mega trends, large numbers and mass Market inception.
how can i learn more about what you said e.g would you recommend me a book?
Read "The Everything Store"
Never knew it. I thought he flipped burgers. Source on what you said?
over analyzing
@@pajeetsingh flipping burgers is what the rich guys like to say to make it sound like they started from zero. Jeff bezos was a smart and talented guy who did well in school and after a few roles, ended up in DE Shaw, another very prestigious quant fund.
16:30 Don,t give up keep persistance 6:28 mean reversion strategy 7:02 stochastic(random) process 7:30 machine learning !!!!! @1980 7:54 kernel methods 1st to use mon_linear_,regrresion,pattern&clusters even correlations 8:48 8:56 high dimensional kernel regression works how long a trending will last 9:17 Combine mean reversion with trend following 9:27 20% return 9:28 game&information theory so they focus on shorter term traits to reduce risk by in&out quickly short term approach 10:32 kelly criterion or scientific gambling method 11:18 anomaly isn,t random with big data 12:42 starting equity business 13:50 natural language processing in 1990 wo0ow 13:07 Robust ability to hire talents
Great points, thank you 🙏🏻
Machine learning in 1980, fucking hell...
200 likes , thx Maybe it’s time for me to become youtube content reviewer.
This is a great documentary. It’s encouraging to see academics leverage their knowledge in the market.
Yea only that he inherited a small fortune from his dad already. Like any other rich dope..
Robert Mercer figured out that even more profits were available to those who manipulate Political Elections. After proving that He could get any Idiot Elected to Any Office in 2016, Simons asked him to go away. Mercer appears to have franchised his Election Marketing methods to serve the entire Planets desire for profits. Installing the Proper Political Prostitute in the appropriate position, can create even larger profits.
@@lukejohnson9696where is your source?
Most people would say the fields medal is the highest prize in mathematics.
True.
It IS the highest prize in Mathematics, but that would be for the rest of the world, for us the hapless lot. For those who believe there is a sharp fall into nothingness beyond the borders of the US it's that - the Henry Oswald's Medal for excellence in Subtraction 😎
Most people are correct , Oswald Veblen is focused on geometry and topology. The Fields is general mathematics.
I thought so also. It's referenced in the movie Good Will Hunting.
I would say the Abel prize
Correction - *Fields Medal is equivalent to Nobel Prize* not Oswald veblen prize, although it is still a very prestigious award
People don't understand the value of Fields Medal because media over hypes Nobel too much
We the public ...don't care about medals ...we care if you contribute materially to human endeavour. ...like Madam Curie have you saved lives,
@@borntodoit8744 Yeah like mathematicians don’t contribute anything to society😂 Just one name: Carl Gauß Good luck trying to argue that one
I discovered your channel yesterday, and have to say your contest is great, your dialogue, you dont make it boring and it is so detailed. Thank you! And I barely comment.
Jim Simons apparently also the CEO of Evil Corp lmao
facts we got phillip price all pver here
Bro they look so much alike
@@Linkinpark4life333 lmao we all gonna bow down to e corp now
from the miniature of the vid, I thought it was a shot from Mr. Robot
I was thinking they put a clip from Mr Robot there😂. Edit: they really did. 4:08
Keep up the great work! The quality of your videos are absolutely staggering.
RIP Jim Simons. the best trader of all times. Legend.
Incredible sad today
Being good at math really pays off in today’s world. Top math graduates who ended up in the top quant trading firms can expect half a million dollar package in their first year out of school. Even those who do make it to the top firms can expect couple hundred thousand.
Woah! This is a super tier quality video. The quant developer comments are super accurate and well explained!!
I have seen a few of your contents and it's really detailed and with new insights. I have been following Jim Simmons of RenTech to understand his strategy. You are first one to have broken in down. Brilliant well done.
Don't give up! Stick to it if you believe in it.
So smart; ' hire the Smartest',' persistence has a lot of value along with patience. Thank you for this brilliant lesson Jim Simons.
How smart is "Smart"? Where do the effects of intelligent efforts directed at a goal, run into the actual day to day existence of Humans? Simons ran into conflicts with actual application of the principals, after enabling other "Smart People"......
Your videos are so immersive, and clearly you did a lot of research. Well done!
Thanks
Great video, keep it up! I think one key information missed out is the fact that these mathematicians had ownership in the company . If one of them made a winning formula they all profited. I think that was one of the key ingredients for Renaissance Technologies success.
The Oswald Veblen Prize in Geometry may be the most prestigious prize in geometry, not sure, but the Fields Medal is often considered the Nobel Prize of Mathematics, 3:34. Wonderful video!
The last minute of this documentary really comforted me .. been really low lately , suffered heavy loses with a strategy i thought was fullproof 😣
This is a great channel, loving the uniqueness and depth of presenting the info. Keep it up, I´m in.
Thanks! This means a lot!
Best video summarization on this topic on KZhead. Great videos keep it up!
your video on simon is by far with the most insights
Ren Tech: Billions and billions US Gov: We printing them as fast as we can.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
@@martingiavarini I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
@@kenanporubsky2122 'Christine Jane Mclean’is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@martingiavarini thanks for sharing this, I am in conversations with your advisor, and she really has substance, having interviewed her properly and reviewed her model, I am hoping she takes me on quite seriously too
I congratulate you for the excellent documentary and wonderful story-telling! All the best.
very informative, best video about Jim Simons so far and his success in trading, etc
Excellent as usual. You have the most intelligent, inspiring channel on YT. Great job.
That quant developer's voice is great ASMR! Would like to watch more of his analysis.
Brilliant content. So glad one of your videos popped in my recommendations and now I’m hooked.
This is such a perfect video and channel that was just waiting to be made , thanks so much
🙂💞
Great video, I'm looking forward to checking out your other content.
I love your videos... Thank you for putting the work to produce such a beautiful peace of content
Very inspiring. Thank you so much. Imma go use mean reversion in my algo trades now, for a start
W•H•A•T•S•A•P•P + •1 •4 •7 •5 •2 •6 •0 •4 •3 •0 •1 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D•E•T•H.... ..... ......
Never knew Greg Popovich is also a great trader.
And he didn’t even have Duncan
Kawhi not?
Amazing channel. Subbed. Keep making more such videos!
great content! keep up the good work
Always ahead of the competition. Forever innovating
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
I had the pleasure of working with one and it proved to be immensely advantageous as they helped me restructure my entire portfolio. My advisor is none other than ‘CATHERINE MORRISON EVANS, a renowned figure in her line of work whom you may be familiar with.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Really enjoyed this video. Hope to see more in the future
Lot of great info and wealth to be gleamed in this short video! Thanks! Always thought that what Simon's did in the market was/is much great than Warren/Charlie duo.
But other than mean reversion, he is not revealing what they are really doing. Similarly, Buffet keeps talking about "all you have to do is find when a stock meets this criteria" but nobody knows how to test every stock every day for some scads of different criteria. They are hiding the key features of what they are really doing. Beleive me they are not going to give away the store.
@@mobydick3895 true af also some said "Buying stock and forget it" lol this is really suck
Amazing videos my friend. Truly enjoying knowing more about these financial personas
wow. such great videos man. congratulations to whoever makes these videos :)
Great content. Thank you for the effort. Subbed.
Great Video. Love hearing about the legend.
Explained in very well way…. Kudos and keep continue
Keep up the good work. Excellent video 👍🏼👍🏼
The longer the video the better. Thanks man
Thanks for the advice!
Great content. Loved it
These are great videos man, keep it up!
Amazing loved the deep dive keep it up!
I see great future for this channel .
The mixed fillers scene in video with Mr robot. Cool edition and also great content
This is awesome! Great job!
An excellent video. Congratulations.
Very cool video Thank you, you have wonderful Content
The level of the detailed research is so impressive. And I really like the flow of the story. Clearly explained to get the big picture. Can you share how did you find some of the so on-point relevant background videos?
Some of the clips are deepfakes
@@doostboost never thought of this. No wonder it kinda look weird sometimes. That’s a great use of very relevant background but still having the right faces. Thanks Dusty for sharing. Appreciate the help.
@@ChyeHeng17 hahah yeah this some are deep fakes. it look strange to me how it look like scenes taken from a series or documentary haha.
Wow, I'm impressed by the depth and production value of your video
great documentaries, rly well done gj
amazing video very well presented shows you've done in depth research absolutely amazing
Ah, thanks!
Thanks a lot for the great work 😊👍
“The editing and production of the video was excellent and very impressive.
Jim Simmons is one of my heroes
loving your videos
This, quality content right here
Great works Professor.
Interesting content on your channel ..you people are doing Great job . Please continue
A great video, thank you so much for making this.
Love your channel! Excellent content! Thanks for posting!
Awesome! Keep up the great work.
Excellent presentation!
I’m a simple man I see valuable content I sub
I got the best strategies to win trades with the help of the best trade analyst, I have won 8 of my 9 trades recently with his help with a profit of $7900 in just a week. [Mastershack D O T net]
Really cool content
Superb - many thanks.
What a great content. Congratulations
i think Jim Simons was the inspiration for The Architech in the Matrix. also the word "anomaly" is always in use
This man literally created a money printer
Like Bernie
A legal money printer
@@pqwerty1000 but this is pure liquid cash.
🧡💛💚💙 This was a great video man thankyou so much!!! 🧡💛💚💙
great vvideo...thanks a lots for sharing this valuble info
The secret is he read the book "How to Fund Hedges for Dummies"
Thank you-very well done.
*Thank you* too!
Always excellent material :)
Nice video - really enjoyed it 👌
Good video. No need for unnecessary over dramatisation of his life and strategy, it is inherently interesting.
Well put. This was an excellent production all-around
The time frame on which a trader opts to trade can significantly impact trading strategy and profitablity. It really comes down to which trading style suits an individual trader's circumstances
Each second the markets are open provides an opportunity to earn really good profits. Yet not every seconds provides a high-probability trades
@@bernddamian9519 it's best to take trades that's align with your trading plan and offerer good profits potential for the risk being taken
Avoiding bad trades is just as important to success as participating in favorable ones
Trading is hard work, I lost so much money these past months and I can't seem to figure out what I'm doing wrong
@@fosterwhales1027 Most traders make the mistakes of trying to trade on their own, with out having required skills to benefit from the market. I was once like that but it all changed thanks to an expert
Great last words! Only if you give up you loose! Fight, loose, go back to the drawing board and exceed!
ジムシモンズとルネッサンステクノロジーの手法について簡潔にまとまってわかりやすいです
Great Chanel, thanks for sharing. I guess I joined early, looking forward to surge in number of your subscribers)
haha, hope so!
I got the best strategies to win trades with the help of the best trade analyst, I have won 8 of my 9 trades recently with his help with a profit of $7900 in just a week. [Mastershack D O T net]
One model took two years to develop. That speaks volume.
Subscribed ! Quality content bro
Great video. New info not heard before.
Great channel dude , keep it up
Thanks Carter.
16:21 that girl is wearing a civic cryptocurrency shirt and she’s talking to Simons? There’s a huge clue as to which company’s crypto is backed by rentech
Amazing video. Best one out there about the hedgefund - and i've seen alot! haha
Exc documental 👏🏼😎 Tks so much!!! 😉
This is great content
Yes it is bro,but I still believe in Mr Raini’s strategies,where are you from?
The thing about mean reversion is that the mean is a moving target overtime
Persistence has a lot of value and something that's really worthwhile can take alot of time to come to fruition and you ought to have patience if you believe in something to stick with it. - Jim Simmons Timeless Advice from a great mind.