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.

公开演讲时，要经常停顿。在你用新方式阐释某件事情前停顿，在你讲述重要的事情之后停顿，以及，刻意制造停顿，让听众吸收细节。

【译文】听到传闻不加考证随意传播，就是抛弃了道德。

我不是画我所见，而是画我所理解。

可持续性不是流行语，而是商业的必要条件。