Founders1 Touko 2025

#387 Jim Simons Built The World’s Greatest Money-Making Machine

Jim Simons never took a single class on finance, wasn’t interested in business, and didn’t start trading full time until he was 40. The company he founded — Renaissance Technologies — has made over $100 billion in profits. Starting out with the heretical belief that there was a hidden structure in financial markets, Jim decided to staff his “crazy hedge fund” with mathematicians, computer scientists, and physicists. He went to great lengths to collect more historic financial data than anyone else, spent a lot of time recruiting “killers” (people with single minded focus that wouldn’t quit), invested heavily in computers (and the people who ran them), and designed the most collaborative work environment. Jim was a world-class mathematician, code breaker, exceptional manager of people with exceptional minds, a genius in system design, and deeply understood the power of incentives. He was also incapable of giving up, willing to endure a decade of struggle and pain, and hell-bent on doing something “historic” with his life. Jim Simons lived a life defined by persistence, unconventional thinking, and an unwavering pursuit of excellence. Studying his life and work is time well spent. This episode is what I learned from rereading The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman. ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- Join my free email newsletter to get my top 10 highlights from every book ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

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Jaksot(443)

#155 Jeff Bezos (Shareholder Letters and Speeches)

What I learned from reading Invent and Wander: The Collected Writings of Jeff Bezos, With an Introduction by Walter Isaacson. ---- [2:38] The whole point of moving things forward is that you run into...

23 Marras 20201h 8min

#154 Charles Schulz (Charlie Brown)

What I learned from reading My Life with Charlie Brown by Charles Schulz. ---- [0:24] Beginning with the first strip published on October 2nd, 1950, until the last published on Sunday, February 13th,...

19 Marras 202052min

#153 Bill Bowerman (Nike)

What I learned from reading Bowerman and the Men of Oregon: The Story of Oregon's Legendary Coach and Nike's Cofounder by Kenny Moore. ---- [0:01] Take a primitive organism, any weak, pitiful organis...

12 Marras 20201h 18min

#152 Katherine Graham (Washington Post)

What I learned from reading Personal History by Katherine Graham. ---- [1:02] A few minutes later there was the ear-splitting noise of a gun going off indoors. I bolted out of the room and ran around...

5 Marras 20201h 3min

#151 Frederick Smith (FedEx)

What I learned from reading Overnight Success: Federal Express and Frederick Smith, Its Renegade Creator by Vance Trimble. ---- [0:01] At age thirty Frederick Wallace Smith was in deep trouble. His dr...

29 Loka 20201h 7min

#150 Sam Walton (America's Richest Man)

What I learned from reading Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble. ---- [3:11] Charlie Munger on Sam Walton: It's quite interesting to think about Walmart starting ...

24 Loka 202054min

#149 The Big Rich (Oil Billionaires)

What I learned from reading The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes by Bryan Burrough. ---- [3:12] There's truth behind legend. There really were poor Texas boys who discove...

18 Loka 20201h 10min

#148 John D. Rockefeller (Autobiography)

What I learned from Random Reminiscences of Men and Events by John D. Rockefeller. ---- [0:16] These incidents which come to my mind to speak of seemed vitally important to me when they happened, and...

11 Loka 202057min