Books take up room in the house, and mostly are only read once. I just gave way to other family members 20kg of trading books, (went via parcel post). So it cost money to dispose of them.
Very, very informative book for those of us who have always felt like outsiders. Amazon sold out on release day, and I had to run to a local Barnes to pick it up. But, I didn't put it down and read it in one sitting. Really gave me a big sense of respect and belief for Simons. It wasn't always the successful story that we all hear about now.
Simmons is overnight success that was few decades in the making , oh yeah plus the fact that he is a genius.
Encyclopedia Britannica is the one thing I have in any house. I keep it in the kids rooms and occasionally ground them. No electronics guess what happens. Books are needed in a home with children.
This book is getting a lot of attention but I enjoyed the Larry Hite book, The Rule more. It is more applicable to trading then the Jim Simons book.
"I told my wife, 'We raised $1 million for Stony Brook,'" said the speaker, hedge fund manager James Simons. "She said, 'Gross or net?'" When James Simons was a teenager, he worked a job in the basement stockroom of a garden supply store. His inefficiency at the job resulted in his demotion as a floor sweeper.[21] take home message: exhibit no talent doing activities for which you have no interest.
Not a clear bias but a slight trend if you look at the numbers. I believe, like many others, that it's intraday holders who don't want overnight positions or have to liquidate for margin.
I learned about that anomaly in a financial statements class in the late 90s. I asked if anyone was trading it and the professor said that Renaissance was. It was the first time I had heard of the firm but apparently it was known in the academic community.