We stayed ahead of the pack by finding other approaches — shorter-term approaches to some extent. The real thing was to gather a tremendous amount of data — and we had to get it by hand in the early days. We went down to the Federal Reserve and copied interest rate histories and stuff like that, because it didn’t exist on computers. We got a lot of data. And very smart people — that was the key. I didn’t really know how to hire people to do fundamental trading. I had hired a few — some made money, some didn’t make money. I couldn’t make a business out of that. But I did know how to hire scientists,because I have some taste in that department. So, that’s what we did.
Jim Simons is an American mathematician, billionaire hedge fund manager, and philanthropist