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Published · transcript-backed

David Rosenthal: belief

16 Aug 2022 Acquired Amazon.com

“I think his model for this was Jim Simons who, in 1982, started Renaissance Technologies (RenTech).”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
16 Aug 2022
Publisher
Acquired
Episode
Amazon.com

Transcript context

…David Shaw is back in academia? Yeah. Not at an institution, but he's a member of the National Academy of Engineering and the National Academy of Sciences. He's the real deal. His stepfather, when he was growing up, was a finance professor at UCLA, so he'd always been interested in finance but had studied computer science and was an academic. In 1986, he left Columbia to join Morgan Stanley and then started D. E. Shaw in 1988. I think his model for this was Jim Simons who, in 1982, started Renaissance Technologies (RenTech). I bet actually a lot of people listening don't know. I just said that name and a lot of people are like, oh, what's that? What are these guys talking about? It won't hit you as, oh, right, the firm that consistently produces the greatest returns of all time, but they're not taking any more capital, so you can't get your capital in.…

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