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.
Literature is a form of resistance, a rebellion against injustice and oppression.
The most resilient farms are those that work with nature, not against it.
The laws of physics are the same everywhere in the universe.
There is no despair so absolute as that which comes with the first moments of our first great sorrow, when we have not yet known what it is to have suffered and be healed, to have despaired and have recovered.
Every discovery builds on the work of those who came before us.
Success is about taking risks and not being afraid to fail.
The heart is a lonely hunter.