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.
The strength of a company lies in its people and their commitment to excellence.
优秀的面包师不只是遵循食谱;他们理解食谱。
Life is too short to drink bad wine or read bad books.
我不需要计划,我只需要愿景。