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You can fool all the people some of the time, some of the people all the time, but you cannot fool all the people all the time.
——2000年10月18日出席西雅图一次会议时的发言
——1997年9月26日在美国加州圣地亚哥市发表演讲
Your time is limited, so don't waste it living someone else's life.
We don’t start with models. We start with data. We don’t have any preconceived notions. We look for things that can be replicated thousands of times. A trouble with convergence trading is that you don’t have a time scale. You say that eventually things will come together.Well， when is eventually？
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？’