Jim Simons Destroys Efficent Market Hypothesis

things discussed : How Anomalies can be affected by Costs , {more emphasis on Impact Cost!}

Bro I wanted to see that algorithm what part of interview is this?

You know, not earth shattering mathematics. Just the one I learned while trying to break the codes of the nation with the best intelligence agency in the world.

"My algorithm has always been you get smart people together"

The sigh in his responses potentially expresses the frustration over the fact that these models don't last forever, and even our best of the best approaches are still frought with outstanding issues and confounding factors that could spell doom with our approach in the future. We sigh at the fact that even our must successful executions may still quite possibly be due to extreme luck, as just another artefact of randomness. We can never say with 100% certainty that the null hypothesis can be rejected even at the 1% level. At some point AI can reverse engineer all our best edges and beat us at our own game. And then it's time to move on.

I got to really question whether this is legitimate or not. Only a fool would cite something like a PHD and equate that to somebody being intelligent.

The same way people during C*VID would discount anything somebody says unless they are a "doctor".

Where can i find the full interview

🐐

piece of genius

Jim is a genius! Love to listen to him!