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。
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.
监狱里的高墙实在是很有趣。刚入狱的时候,你痛恨周围的高墙;慢慢地,你习惯了生活在其中;最终你会发现自己不得不依靠它而生存。这就是体制化。
Stories you read when you're the right age never quite leave you. You may forget who wrote them or what the story was called. Sometimes you'll forget precisely what happened, but if a story touches you it will stay with you, haunting the places in your mind that you rarely ever visit.
创新不仅仅是关于新想法,而是以创造真正价值的方式执行它们。
最好的建筑既是谦逊的,又是英雄的。
True leadership in manufacturing means putting the environment on the same level as profits.
Be a yardstick of quality.Some people aren’t used to an environment where excellence is expected.
"The stage is a place where the dead return."