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从某种意义上说,共同基金行业是建立在巫术之上的。
We search through historical data looking for anomalous patterns that we would not expect to occur at random. Our scheme is to analyze data and markets to test for statistical significance and consistency over time. Once we find one, we test it for statistical significance and consistency over time. After we determine its validity, weask, ‘Does this correspond to some aspect of behavior that seems reasonable?’
Brand is just a perception, and perception will match reality over time.
通往伟大的道路并不总是容易的,但它总是值得的。
计算的目的是模仿我们的综合能力,而不是理解我们的分析能力。