![James Simons, chairman and founder of Renaissance Technologies](https://s.wsj.net/public/resources/images/FN-AD807_FN_SIM_M_20180531034637.jpg)
“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.