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.
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。
领导力不是讨人喜欢，而是取得成果。
译文：人活着时想尽千方百计追求名利，一旦哪天死去万事都终结了。赏析：我们追求名利没有错，但不要把它看得太重。人生短短的几十年，活着本来就不容易，为了一点名利争个你死我活，到头来终是一场空。
最小元件成本的复杂性每年大约增加一倍。
The novel is the most complete and complex expression of human experience.
