Trend-following is not such a good model. It’s simply eroded. Things change and being able to adjust is what made Mr. Simons so successful. “Statistic predictor signals erode over the next several years; it can be five years or 10 years. You have to keep coming up with new things because the market is against us. If you don’t keep getting better, you’re going to do worse.
The past is a foreign country; they do things differently there.
Continuous effort - not strength or intelligence - is the key to unlocking our potential.
除非你决定如此,否则你不会被困在原地。