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.

我不是赢家，我是输家。

研究古DNA如同打开通向过去的窗户。

Dictatorship is the natural enemy of literature.

被大胆说出的预言，从来不会被迷信的人认为是愚笨无趣的。

"Children's literature has the power to shape minds and change lives."

To understand the present, we must dig into the past.