Jim Simmons, one of the greatest hedge fund investors of all time, passed away yesterday, at the age of 86.
He compounded returns for clients in his Renaissance Medalion fund at a ridiculous 66% per annum for over 30 years.
To compare, Mr Warren Buffet’s own returns compounded at somewhere between 20 and 25%.
What did Mr. Simmons say about his own life story?
"I did a lot of math. I made a lot of money, and I gave almost all of it away. That's the story of my life".
Isn’t that just an outstanding way to live? Work, earn and pass it on.