Simmons has a natural sensitivity and intuition to mathematics. At the age of 24, he began to teach mathematics at MIT and Harvard University, and later became the head of the Department of Mathematics at new york State University. Together with the famous mathematicians in China, he discovered the "Chen-Simmons Geometry Law". 1982, Simmons accepted Chen Shengshen's suggestion and decided to "go into business" and set up Fuxing Technology Company.

Unlike Buffett's investment method of "focusing on fundamental analysis and insisting on long-term holding", Simmons established a mathematical model to predict the market. He never believed that "the market will eventually return to normal and undervalued stocks will eventually return to rational prices", which Buffett and his disciples regarded as the "golden rule". Simmons confidently put forward: "We use mathematical models to capture opportunities, and computers make trading decisions. One advantage of the model is that it can reduce risks. Relying on personal judgment to select stocks may make you rich overnight, or you may lose your money the next day. " .

Simmons likes to take the way of day trading, nibbling at the tiny spread arbitrage, and the fund he is in charge of is huge. Sometimes, his trading volume will account for 65,438+00% of the total trading volume of Nasdaq in one day.

Fuxing Technology Company is headquartered in Long Island, new york. It is a two-story brown building, and most of the outdoor parking lots are Nissan family cars. This is quite low-key for a fund company whose employees are mostly multi-millionaires.

Here, it's hard for you to see fund managers with straight suits and eager to look at people through their nostrils. More people are research-oriented talents with "academic atmosphere" like Simmons. Nearly half of the company's more than 200 employees are top scientists in the fields of mathematics, physics and statistics. Simmons never hires business school graduates.

At a hearing of the US subprime mortgage crisis at the end of 2008, Simmons was approved by the US Securities and Exchange Commission and the Federal Reserve to major investment banks, brokers and rating agencies on Wall Street. He hit the nail on the head and pointed out that all these people, like kicking a ball, transferred the crisis that should have stopped in their own hands to the next family, and the collective inaction of Wall Street led to today's situation.