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 world is full of signs and wonders that come, and go, and if you are lucky you might catch the tail of one as it flies past.

最基本的人类渴望是被认可为人，而最基本的人类恐惧是被视为不如人。

The customer may not always be right, but they always come first.

"The best leaders are those who can inspire action."

领导力就是今天做出艰难的决定，以创造更美好的明天。