The Mathematician Who Cracked Wall Street
James Simons is ranked #49 on Forbes List of Billionaires.
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James is also #1 in the category of “Highest-Earning Hedge Fund Managers”
So what is his secret of untold wealth accumulation?
Predictive signals.
Yeah, right, so how’s that going to help me be rich?
It’s not.
He had this to say about it during a speech at MIT:
So really, he isn’t going to tell us how he did it specifically.
What’s the point then?
The reason I bring up James, besides being interesting, is that he is faced with a question that we all must consider.
Each day I work, I do it with the understanding that I will get paid.
Sometimes I do other types of work on my own and hope to get paid.
Why do I even care about money?
Well besides needing it to pay for basic necessities and frivolous wants and other perks, I have to earn money to pay back money I’ve borrowed.
These debt obligations take many forms; mortgage, car loans, school loans, personal loans, and credit cards.
The more money I am able to earn, then the sooner I can pay off these debts.
Then what?
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For a long time being debt free was a goal in my life, until it wasn’t.
The deal is once I get out of debt, then what am I going to do all day?
I am still going to have to work to pay for basic life necessities.
I am still going to want frivolous things and other perks.
So what’s the deal, can I just go on vacation all day and do whatever else I want?
No.
That being said, what if I do hit it big on cryptocurrency?
I would need to find something to do with my life and ways to manage the funds well and hopefully grow them and use them wisely.
What is Jim Simons doing with his billions?
And that is just part of what he has done to help.
What would you do if you had billions?
As for me, I guess I will find out if it happens…
Remember: “The Revolution Will Be Decentralized!”
Stay tuned.
Stay interesting.
Stay Strange.
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in The Billion Hero Challenge!
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I will invest it so that it will still give me some returns.. there's so much that needs doing that needs money, a better life for someone in a better world maybe?
Yes, more money may help others, to a point.
Also, there remains what you would do, as in would you travel, be creative, etc.?
What would you fill your days with?
Oh loads..and travel is included for sure. Plus liasing with my charity team members anywhere am travelling.
When home, charity initiatives and collaborations needs to be attended so yeah!
I'll have those if you dont want it!
You've heard of our group @steemph mate???
Good ideas, all and I will check out @steemph!
Thanks @immarojas!
Please do :)
More like wishful thinking i think sigh.
Cheers!
start with a wish, take action, and make a change!
Oh very true :)
very interesting!
thanks for the resteem!
Get to that DEBT FREE LIFE! It's the only way to live!
Thanks for the encouragement! I am working my way that way, surely but slowly...
Interesting perspective makes me think!!
Yes, I found this idea very interesting and makes me wonder what I would do if I was a billionaire!