I’m a very positive thinker, and I think that is what helps me the most in difficult moments.
In a flash, all of the past away from you, the rest of the only memories.
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.