Jim Simons: The Golden Rule Of Investing

In this presentation at the AMS Einstein Public Lecture, Jim Simons discusses his golden rule for investing. Here’s an excerpt from the presentation:

And then the only rule is we never override the computer. No-one ever comes in any day and says the computer wants to do this that’s crazy we shouldn’t do it. You don’t do it because you can’t. You can’t simulate that. You can’t study the past and wonder whether the boss was going to come in and change his mind about something so you just stick with it, and its worked.

You can watch the entire discussion here: