“When everyone is running around like a chicken with its head cut off, that’s pretty good for us.” That’s a quote from hedge-fund legend James Simons back in the days of the dot-com bubble in November 2000, but it still applies today.
Yes, the current climate has, indeed, been “pretty good” for Simons and his shareholders — just like most every other climate, it seems.
The founder and chairman of Renaissance Technologies earned $1.7 billion in 2017 to take the top spot on the 17th edition of the Institutional Investor’s annual Rich List. He’s held the crown for three straight years now and…