SI61: Jim Simons & Renaissance Technologies

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 10 November 2019

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week’s episode, we discuss the recently published book on Jim Simons & Renaissance Technologies, why you shouldn’t be too focused on one position, why it can be difficult to avoid overriding your system based on recent fundamentals, what investors can learn from the world’s best Poker players, and why luck should only be the result of following your edge. Plenty of questions answered this week including: Should you add to winning positions? Do you only trade Breakouts or do you also use indicators? Does less volatility mean more robustness? Do you trade ETFs?

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Episode TimeStamps:

00:00 – Intro

00:50 – Live event review

02:45 – Weekly review of performance

10:40- Voicemail from Jim

13:20 – Top tweets

36:05 – Question 1: Matt; Do you use indicators beyond price action and new highs/lows?

42:00 – Questions 2/3: James; How do you calculate sample size? Does each lookback window need to be treated independently or should risk be managed in aggregate?

51:40 – Questions 4/5: Brian; Why are more volatile systems considered more robust? Does lower volatility lead to better compound returns?

01:06:40 – Question 6: Gaetano; Do you trade ETFs?

01:10:00 – Benchmark performance update

01:11:00- Ray Dalio discussion

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Transcript

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0:00.0	You're about to join Jerry Parker, Maritz Siebert, and Neil's Kostrup Larson on their raw and honest
0:07.2	journey into the world of systematic investing and learn about the most dependable and consistent
0:12.3	yet often overlooked investment strategy. Welcome to the Systematic Investor podcast series.
0:19.6	Jerry Parker,
0:22.4	Maurice Sipan and I, Niels Koso Larson,
0:24.3	are back with this week's edition of the Systematic Investor Series,
0:26.1	where we continue our journey
0:28.1	into the world of rules-based investing
0:29.7	and share our experiences with you each week,
0:32.8	hoping that you can find a few gold nuggets
0:34.9	to implement in your own investment journey.
0:38.3	As usual, let me start by saying good morning to you, Jerry. Good afternoon to you, Moritz.
0:43.3	Well, good morning to both of you. Yes, good morning.
0:46.3	Yeah. I was going to do my usual wrap of the markets this week,
0:51.3	but frankly, I didn't find much to talk about.
0:54.6	I'll be interested to hear what you saw, Moritz, but I've been on the road most of the week.
1:00.0	And so, of course, we know that kind of the risk-on environment has continued this week
1:06.1	with safe havens being dumped in exchange of the ever-rising appetite for equities at new all-time highs.
1:17.6	I guess the dollar had a little bit of a comeback this week, which is interesting.
1:24.6	But I guess the most interesting thing I found from the world of finance
1:29.3	this week was you know just this glimmer of insight that we are now getting
1:33.7	into the the secret world I should say of of Jim Simons Renaissance Technologies and
	...

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