Man of Science
Updated: Jan 15
Being Good With Numbers Doesn't Always Lead To Being Good In Investing
That said, being good with numbers definitely helps, and you need to have a basic understanding of how the numbers tie in. But that's only half of the puzzle. The other half has to do with yourself, the things you can control - for instance your emotions.
"If past history was all there was to the game, the richest people would be librarians" - Warren Buffett
We are not saying the quantitative way doesn't work. Jim Simons was someone that showed it does, and his record speaks for himself. Not anyone can do what he did at Renaissance's Medallion Fund, returning more than 66% annually (before fees) and 39% (after fees) over a 30 year period from 1988 - 2018. Now that's impressive! But we might not be able to do it.
If you want to find out more on Jim Simons, the book "The Man Who Solved the Market: How Jim Simons Launched The Quant Revolution", is worth a read.
As always, "Come for the laughs, stay for the fun times".