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。
The challenges in our lives are there to strengthen our convictions. They are not there to run us over.
I think that the most important thing is to be grateful for what you have.
Art belongs to everybody and nobody. Art belongs to all time and no time. Art belongs to those who create it and those who savor it. Art no more belongs to the people or the time than it belongs to the critics or the collectors.