Good econometrics is like good carpentry—it's all about using the right tool for the job.

We search through historical data looking for anomalous patterns that we would not expect to occur at random. Our scheme is to analyze data and markets to test for statistical significance and consistency over time. Once we find one， we test it for statistical significance and consistency over time. After we determine its validity， weask， ‘Does this correspond to some aspect of behavior that seems reasonable？’

The future of business is circular.

You don't have to be a mathematician to have a feel for numbers.

"The more you win, the more you want to win."