All violence consists in some people forcing others, under threat of suffering or death, to do what they do not want to do.
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.
When it's tough, will you give up, or will you be relentless?