Using Math to Become a Billionaire — Case Study

Mathematician, code breaker, professor, stock picker using mathematical methods…. Adapted from the New York Times, July 7, 2014

James H. Simons, a retired hedge fund titan who used mathematical strategies to become a billionaire, is financing a new medical research center that plans to apply similar strategies to investigate serious diseases.

Mr. Simons, along with his wife, Marilyn, has given $50 million to Cold Spring Harbor Laboratory to pay for the creation of the Simons Center for Quantitative Biology, according to an announcement on Monday. With experts in applied mathematics, computer science and theoretical physics, the center will use sophisticated algorithms to analyze biological data.

A former mathematics professor and government code breaker, Mr. Simons founded Renaissance Technologies in 1982, employing science and math Ph.D.s and using computer algorithms to trade stocks.

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