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.
程朱理学和陆王心学同属理学的范畴，他们都坚持天理是宇宙万物的本源，只是程朱理学认为天理独立于人体之外，若想找寻天理必须通过格物致知的方法才能有所成就，故程朱理学属于哲学派别中的客观唯心主义；而陆王心学则认为天理存在于人的内心深处必须通过反省自身，摒除欲望才能达到对天理的体悟，故属哲学派别中的主观唯心主义。
The very essence of the creative is its novelty, and hence we have no standard by which to judge it.
Success is not final, failure is not fatal: It is the courage to continue that counts.
Innovation is the lifeblood of any industry, and those who fail to adapt will be left behind.
宏观经济政策的目标应该是稳定经济，而不是微调经济。