Showing posts with label Mathematicians. Show all posts
Showing posts with label Mathematicians. Show all posts

Thursday, June 18, 2026

Why are mathematicians not among the richest in the world?

 In the 1980s a mathematician walked into Wall Street and completely changed the game. He wasn't a famous trader. He wasn't a celebrity investor talking about intuition, leadership or reading annual reports. He was a simple mathematician named Jim Simons.

Source: X

While everyone else was trying to understand the market through stories, Simons treated it like a giant puzzle. Most investors asked questions like: "Is the company well managed?" or "What will the economy do next?" Simons asked a different question, "What patterns keep appearing in the data, whether people notice them or not?" That question became Renaissance Technologies and eventually the legendary Medallion Fund, arguably the most successful hedge fund ever created.

Simons didn't build his team with Wall Street veterans. He hired mathematicians, physicists, statisticians, astronomers, and cryptographers. People trained to find signals hidden inside noise. The fund was powered by thousands of tiny statistical edges. A small pattern in currencies. A slight delay in commodity prices. A recurring behavior that appeared just often enough to be useful. Individually, those patterns looked insignificant. Combined together, they became a machine that generated extraordinary returns for decades.

There is no relation between smartness and money. Smartness makes you earn money with least hard work, so as to keep yourself healthy and happy but it also teaches you money isn't everything. Look back at history you can hardly tell a mathematician who was millionaire, they do mathematics because the like it.