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Showing posts with the label renaissance technologies

Just my thoughts #0746

Immunity is a battle between ‘me’ and ‘not me.’ Our brains and bodies are designed to be entirely egocentric. Genes are self-interested because they ensure their own survival. If I don’t exist, then there is no one else and no love. After all, loving others is an extension of loving myself. If there ’ s a distortion or immaturity in self-love, even when loving others, it can leave a scar, and that wound leaves a scar on me again. The victim consciousness forgets this mechanism. Just as immunity is vital for physical health, it’s equally crucial in mental health or religion — the immune system against self-love must remain strong. - Joseph’s “just my thoughts”

Just my thoughts #0092

James Simons founded Renaissance Technologies, the leading American hedge fund investor. He was, in fact, a mathematician. The Medallion Fund he ran had also seen a 200-fold increase in Berkshire Hathaway stock yield, matching Warren Buffett's performance. It was an incredible record, plain and simple. This conclusion was a subtraction of 5% of the management fee from the fund as a GP with 44% of the compensation fee. He invested in a cutting-edge "quant system" that trades stocks using sophisticated computer-aided algorithms. To eliminate emotional interference, the finance industry excluded employees. However, they recruited doctors like him from the science and technology fields. Even having extensive financial and investment knowledge, investment is the conclusion of action. Sound judgment beyond feelings is crucial for investment, but feelings are a variable. It's challenging to become wealthy if you don't control your emotions. In other words, emotions are a...