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.
趋势跟踪不是一个好的模型。它只是被简单地被冲刷了。"顺应事物变化和能够进行调整是让西蒙斯先生如此成功的原因。"在未来五到十年统计预测信号将削弱。你要不断推出新的东西因为市场是对我们不利。如果你不保持越来越好，你只会更糟糕.——投资算法不能进步，就不是好算法。
艺术家必须是不可见之物的仆人。
幸福生活的关键不在于避免问题，而在于学会如何有效地处理它们。
莫迪利亚尼-米勒定理的核心思想是，在某些条件下，公司的价值不受其融资方式的影响。
Only when one plunges into the powerful current of the times will one's life shine brilliantly.