To be complex, one must first be simple. Because, unless it’s simple, it’s hard to get complicated. Every complex problem is a combination of simple problems. People tend to think that intelligence is complex. However, in hindsight, memory is just a continuation and connection of simplicity made up of thoughtful ingredients. Still, it is burdensome and complicated to find simplicity in an already complex system. Therefore, the pursuit of simplicity is a burdensome decision, one that requires a willingness to understand this complexity first. Growing up in the mind means taking on this burden and being willing to take on the challenge of finding simplicity in a formally complex system. It’s like a child taking their first steps, trying to get up while risking falling with their whole body. - Joseph’s “just my thoughts”
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...