Empowering and trusting others, the “madness” of collective wisdom, the synergy of smart committed “crowds” is daring — but provably productive. TEAMS unleashed with known parameters, objectives, and mutual respect — multiplies value. No doubt. Scary, but worth the risk if everything around you is average, aka mediocre.
“Leadership” is not always what people have been led to believe that it is.
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Linas Beliūnas
Jim Simons is the most successful investor of all time. Here’s his algorithm for constantly beating the market and making billions:
“Get smart people together, give them a lot of freedom, create an atmosphere where everyone talks to everyone else, provide the best infrastructure, and make everyone partners” – Jim Simons
Simons’s quantitative hedge fund Renaissance Technologies returned over 66% annually before fees and 39% after fees from 1988 to 2018 😳
The wild part?
Most of the folks at Renaissance didn’t know anything about finance.
Hiring smart people and giving them all the tools to lead & succeed is the best business strategy out there.
Priceless.
P.S. check out 🔔linas.substack.com🔔, it’s the only newsletter you need for all things when Finance meets Technology. For founders, builders, and leaders.
