This week’s highlights: An Everything Town, Creativity and the NBA
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Issue 355
It’s been a busy last week with a bunch of travel, so Fifteen on Friday this week is only five. We will be off next week for Thanksgiving and will return in early December (how is it almost the end of the year!?).
What I’ve Been Reading:
- The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution Author Greg Zuckerman (The Frackers / The Greatest Trade Ever) is the first to document the story behind Renaissance Technologies and its founder Jim Simons. RenTec is arguably the most successful hedge fund of all time, compounding at nearly 2x Warren Buffett’s returns.
The book is a fascinating look at the firm and how it built its mathematical approach to understanding market movements. Perhaps most interesting is how Simons was a peer with many of the other great mathematical minds that led to the information technology revolution.
Food for Thought:
Why It Matters: If your team could get more than one hundred creative new ideas, ranging from revenue-generating market expansions to ways to improve the health of your employees and reduce insurance costs, would you ask for them?
Consider as well:
- ESPN – How NBA executive Jeff David stole $13 million from the Sacramento Kings – Credit MA
- Verge – The everything town in the middle of nowhere How the tiny town of Roundup, Montana, became a hub in Amazon’s supply chain
- GQ – Robert De Niro and Al Pacino: A Big, Beautiful 50-Year Friendship Al Pacino and Robert De Niro have spanned generations as acting royalty. And their latest, The Irishman, has the feeling of one final coronation. Here the two legends riff about Scorsese, The Godfather, and five decades of Hollywood fame.
- WSJ – The World’s Top Executive Coach? It’s Queen Elizabeth. Since 1952, the British monarch has held weekly meetings with 14 different prime ministers, offering a confidential ear, historical context and the occasional opinion.