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Comments by "bighand69" (@bighands69) on "The mathematician who cracked Wall Street | Jim Simons" video.
What he has done has nothing to do with economics and has more to do with finance. People have made just as much money with a lot less complexity and more transparency. Finance is all about identifying profits and long term stability of those products so that growth can be achieved. The balance sheet equation is just as important as it was 25 years ago. Certain things hold true no matter what because they are rooted in philosophical logic.
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Wall Street is full of mathematicians who have failed miserably and some of them are the most intelligent people in the world. One guy made it is not an example or argument of mathematics in investment. I have seen people with Zero mathematical ability make money.
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John Ghilduta Pure nonsense. Very very very few mathematicians actually make it in investment. The people that do are disciplined and have a very simple philosophy. Real investors do not gamble they make estimations based on sound reasoning.
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Tesla is not investment. It is a gamble and anybody who tells you differently is either lying or clueless.
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Pattern and trends have nothing to do with it.
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@mod2 I have no idea what you are talking about. Can you explain what you mean.
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@budesmatpicu3992 Liquidity means people like Steve Jobs, Elon Musk and Jeff Bezos can borrow and leverage their assets to expand or develop new technology. Without the markets antibiotics and computers would not exist.
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@scottsimmons9296 He did not provide details probably because there is nothing special about what he did.
1