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.
I don't want to be the next Michael Jordan, I only want to be Kobe Bryant.
The banking industry should return to its origins and focus on its main business.
Running a business requires social responsibility. We must not only pursue economic benefits but also pay attention to food safety and environmental protection.
I’m not a person who is happy just because I’m successful.