In October 1993, the House of Representatives rejected the funding of The Superconducting Super Collider (SSC). Overnight many scientists and physicists that worked there went jobless. These scientists went then to work for major investment banks and other investment institutions. This influx of physicists in the finance industry created all major and modern career paths like the quantitative analyst (quant) and financial engineer.
In this article, our focus will be James Simons, probably the most famous quant of them all.