Jim Simons: The mathematician who cracked Wall Street
Jim Simons: Jedinstven intervju s matematičarem koji je "provalio" u Wall Street
After astonishing success as a mathematician, code breaker and billionaire hedge fund manager, Jim Simons is mastering yet another field: philanthropy. Full bio
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of a mathematical phenom.
matematički fenomen.
and MIT at a young age.
već kao mladić.
that's the National Security Agency --
Nacionalna sigurnosna agencija --
where they hired mathematicians
gdje su zapošljavali matematičare
and stuff like that.
i takve stvari.
at your own mathematics,
radeći svoju matematiku
working on their stuff.
zadacima.
well, the Vietnam War was on,
je bilo vrijeme Vijetnamskog rata
was a big fan of the war
bio veliki obožavatelj rata
a magazine section cover story,
naslovnu priču za sekciju časopisa,
I thought it was stupid.
smatrao sam da je glup.
which they published,
koje su objavili,
who works for Maxwell Taylor,
svi koji rade za Maxwella Taylora,
agrees with his views.
ne slažu s njegovim pogledima.
from General Taylor's.
mišljenja generala Taylora.
and some kid came around
neki klinac je došao
from Newsweek magazine
časopis Newsweek
and ask what I was doing about my views.
pitati što radim sa svojim mišljenjem.
mostly mathematics now,
matematiku,
then I'll do mostly their stuff."
raditi većinom njihove stvari."
intelligent thing I'd done that day --
stvar tog dana --
that I gave that interview.
da sam dao taj intervju.
"I've got to call Taylor."
nazvati Taylora."
je trajalo 10 minuta.
sam otkaz.
because you went on to Stony Brook
u Stony Brook
karijeri.
mathematicians of the century.
matematičara stoljeća.
I was a graduate student at Berkeley.
na Berkeleyju.
and he liked them.
which you can easily see up there.
lako možete vidjeti tamo gore.
a famous paper together.
poznate objavljene studije s njim.
je bila?
explain it to somebody.
it had something to do with spheres,
sferama
but I'll say about that work --
but before we get to that --
prije nego što dođemo do toga --
također.
that's now flourishing.
koje sada cvijeta.
it happened to apply to physics,
primijenjivo na fiziku,
at least I knew nothing about physics,
barem ja nisam imao pojma o fizici,
knew a heck of a lot.
after the paper came out,
studije,
started applying it to string theory
počeo primijenjivati to na teoriju struna
to what's called "condensed matter."
primijenjivati na "kondenziranu tvar."
called Chern-Simons invariants
Chern-Simons invarijante,
fizike.
fiziku.
that it would be applied to physics.
primijeniti u fizici.
you never know where it's going to go.
nikad ne znate kamo će otići.
how evolution shapes human minds
oblikuje ljudski um
istinu.
with a mathematical theory,
teorije,
that it's being applied
da se koristi
the actual physical world.
fizičkog svijeta.
named [Eugene] Wigner,
Eugene Wigner,
effectiveness of mathematics.
učinkovitosti matematike.
which is rooted in the real world
u stvarnom svijetu na neki način --
measure, everyone would do that --
back to save the day.
and Einstein realized,
i Einstein je shvatio
in which I can cast general relativity."
mogu prikazati opću relativnost."
piece of ingenuity.
dio dosjetljivosti.
and it has a lattice around it --
ima rešetku oko sebe --
originally observed by [Leonhard] Euler,
prvi uočio Leonhard Euler,
a very important field in mathematics:
u važno polje matematike:
u ovome.
12 edges, six faces.
šest strana.
vertices minus edges plus faces --
točke minus rubovi plus strane --
these are triangles covering --
ovo su trokuti --
plus faces still equals two.
strane je još uvijek dva.
any which way --
na bilo koji način --
of polygons and triangles
i trokuta
plus faces -- you'll get two.
strane -- i dobijete dva.
of a doughnut: 16 vertices
točaka
32 edges, 16 faces.
ruba, 16 strana.
with squares or triangles
kvadratima ili trokutima
you're going to get zero.
the Euler characteristic.
karakteristika.
a topological invariant.
topološka invarijanta.
you're always get the same answer.
uvijek ćete dobiti isti odgovor.
from the mid-1700s,
1700-ih,
algebraic topology.
algebarska topologija.
took an idea like this and moved it
i promaknuo je
and found new invariances?
i našao nove invarijante?
higher-dimensional invariants:
više-dimenzionalne invarijante:
actually, there were Chern classes.
zapravo, bile su Chernove klase.
of these types of invariants.
vrsta invarijanti.
radi,
and we uncovered some new things.
i otkrili smo nove stvari.
o matematici
while he was writing --
dok je pisao --
perhaps be these invariants.
bilo ovih invarijanti.
a flavor of that amazing mind in there.
u nevjerojatan um koji stoji iza toga.
and having been a code-cracker at the NSA,
um i zato što ste bili razbijač kodova
u NSA,
in the financial industry.
u financijskoj industriji.
efficient market theory.
učinkovitu tržišnu teoriju.
astonishing returns over two decades.
zadivljujućih prihoda u zadnjih 20 godina.
wasn't just the size of the returns,
napravili, nisu samo prihodi,
with surprisingly low volatility and risk,
niskim volatilitetom i rizikom,
a wonderful group of people.
divnu grupu ljudi.
gotten a little tired of mathematics.
sam se umorio od matematike.
I had a little money.
imao sam malo novca.
with pure luck.
sreća.
modeliranje.
after a while I realized:
nakon nekog vremena sam shvatio:
u tome.
and we started making some models --
i počeli smo izrađivati neke modele --
at IDA [Institute for Defense Analyses].
obrambenu analizu.
you test it out on a computer.
testirate ih na računalu.
I tako dalje.
of some commodity.
neke robe.
"That's just a random, up-and-down walk --
"To je samo nasumičan hod gore-dolje --
over that whole period of time."
tijekom cijelog vremena."
looking at that,
gledajući u to
nasumično?
kind of a graph from the old days,
iz starih dana,
had a tendency to trend.
rasta.
you see here, but trending in periods.
ali periodični rast.
I'm going to predict today,
predvidit ću danas,
u posljednjih 20 godina --
and I'd make some money.
i zaradio bih novac.
such a system would work --
ovakav bi sustav funkcionirao --
money, you'd make money.
zaradili.
during that period.
tijekom tog vremena.
a bunch of lengths of trends in time
duljina porasta u vremenu
was predictive of what happened next.
će se sljedeće dogoditi.
and see what worked best.
i vidjeli što najbolje funkcionira.
have been great in the '60s,
60-ih
by finding other approaches --
pronašli druge pristupe --
a tremendous amount of data --
količinu podataka --
in the early days.
and copied interest rate histories
povijesne trendove rasta
because it didn't exist on computers.
to nije postojalo na računalima.
people to do fundamental trading.
da se bave osnovnim trgovanjem.
some didn't make money.
a neki ne.
in that department.
got better and better,
postajali sve bolji i bolji,
something remarkable at Renaissance,
što ste napravili u Renaissence-u,
this group of people,
grupu ljudi,
who could be lured away by money.
koje bi namamio novac.
exciting mathematics and science.
matematika i znanost.
because of the money.
zbog novca.
came because of the money.
because it would be fun.
bi bilo zabavno.
play in all this?
mašinsko učenje?
what we did was machine learning.
mi radili je bilo mašinsko učenje.
to simulate different predictive schemes,
simulirati različite predviđajuće sheme,
the way we did things.
na način na koji smo mi radili.
can be really quite wild and unexpected.
mogu biti prilično divlje i neočekivane.
je li tako?
length of dresses, political opinion.
politička mišljenja.
except hem lengths.
volumes, you name it.
obujmi, što god.
svaki dan.
and get it ready for analysis.
za analizu.
hypothesis is not correct.
koja nije točna.
might be just a random thing.
slučajna.
at multiple strange anomalies,
više čudnih anomalija
might be a random thing;
slučajna;
you can tell that it's not.
shvatiti da nije.
for a sufficiently long time --
dugotrajna --
random is not high.
anomalies can get washed out.
vremena, anomalije se isperu.
of the business.
at the hedge fund industry now
hedge fond industriju
about that industry,
industry in general?
općenito?
helping increase inequality?
nejednakosti?
in the hedge fund industry?
u hedge fond industriji?
three or four years,
zadnje tri ili četiri godine
has not done so wonderfully.
ne baš odlično.
going up as everybody knows,
se kao što svi znaju
that's been created in the last --
u posljednjih --
has not been created by hedge funds.
nisu stvorili hedge fondovi.
"What's a hedge fund?"
fondovi?"
and 20 percent of profits.
profita.
different kinds of creatures.
slightly higher fees than that.
više od toga.
in the world at one time.
najviše u svijetu.
44 percent of upside.
44 posto više profita.
spectacular amounts of money.
stvorili spektakularne zarade.
"How can you charge such high fees?"
naplačivati toliko?"
was what people were --
je zanimalo ljude --
as I think I told you,
da sam vam rekao to,
because there's a capacity to the fund.
postojao kapacitet fonda.
about the hedge fund industry
da hedge fond industrija
great mathematical and other talent
matematičara i drugih talenata
to the many other problems in the world?
drugim svjetskim problemima?
and things like that.
i takve ljude.
about it too much.
brinuti o tome.
industrija.
into the investing world
u svijet investicija
It's increased liquidity.
Povećana likvidnost.
people are trading that kind of stuff.
trguju takvim stvarima.
going off and starting a hedge fund.
odustati od svog rada i osnovati
hedge fond.
where you're actually investing, though,
investirate, iako
mathematics across America.
u cijeloj Americi.
philanthropic issues together.
my beautiful wife --
supruga --
about 20 years ago.
20 godina.
just as a convenient way to give charity.
prikladan način doniranja.
but gradually a vision emerged --
postupno se ona pojavila --
to focus on basic research.
znanost, na osnovna istraživanja.
and went to work at the foundation.
sam Reneissance i otišao raditi u zakladu.
is basically investing
giving them support and coaching.
podršku i usavršavanja.
to make that more effective
učinkovitijim
to which teachers can aspire.
the bad teachers,
profesore,
all through the educational community,
cijeloj prosvjetnoj zajednici,
and giving them status.
i dajemo im status.
15,000 dollars a year.
dolara godišnje.
in New York City in public schools today,
u newyorškim javnim školama danas,
and that'll be 10 percent
i to će biti 10 posto
in New York [City] public schools.
matematike i znanosti.
that you've supported philanthropically:
ste filantropski poduprli;
pretpostavljam.
what you're looking at.
from geology to biology --
do biologije --
what did we start with?
did we have to work with on this route?
smo morali raditi na ovom putu?
very interesting questions.
from geology up to RNA
od geologije do RNA
how did that all work?
funkcioniralo?
what do we have to work with?
is a star in formation.
zvijezda u nastanku.
which has 100 billion stars,
ima 100 milijardi zvijezda,
years to settle out.
da se raspadnu.
in formation at any time.
u bilo koje vrijeme.
along this settling-down period.
sort of circling around it,
or whatever it forms.
ili što god već formira.
significant organic molecules.
but formaldehyde and cyanide --
nego poput formaldehida i cijanida --
the seeds, if you will -- of life.
može i tako -- života.
that planets around the universe
u svemiru
basic building blocks.
građevnih tvari poput tih.
there's going to be life all around?
zauvijek postojati?
of how tortuous this path is
those seeds, all the way to life.
tog sjemena, sve do života.
will fall on fallow planets.
neobrađene planete.
of where we came from,
dolazimo,
that is something you would love to see.
što biste voljeli vidjeti.
and so improbable,
nevjerojatan,
we could be a singularity.
bismo biti jedinstveni.
that's floating around,
koja lebdi uokolo,
I got the chance to speak with Elon Musk,
priliku razgovarati s Elonom Muskom
physics seriously was it.
uspjeha što je ozbiljno shvaćao fiziku.
is taking math seriously,
govorite je ozbiljno shvaćanje matematike,
and now it's allowing you to invest
da investirate
of kids across America and elsewhere.
u Americi i drugdje.
zapravo funkcionira?
Math certainly works.
Matematika sigurno funkcionira.
has been very enjoyable.
veoma ugodno.
it's an inspirational thought to me,
inspirativna misao,
so much more can come from it.
toliko više može proizaći iz toga.
and for coming here to TED.
i na dolasku na TED.
ABOUT THE SPEAKER
Jim Simons - Philanthropist, mathematicianAfter astonishing success as a mathematician, code breaker and billionaire hedge fund manager, Jim Simons is mastering yet another field: philanthropy.
Why you should listen
As a mathematician who cracked codes for the National Security Agency on the side, Jim Simons had already revolutionized geometry -- and incidentally laid the foundation for string theory -- when he began to get restless. Along with a few hand-picked colleagues he started the investment firm that went on to become Renaissance, a hedge fund working with hitherto untapped algorithms, and became a billionaire in the process.
Now retired as Renaissance’s CEO, Simons devotes his time to mathematics and philanthropy. The Simons Foundation has committed more than a billion dollars to math and science education and to autism research.
Jim Simons | Speaker | TED.com