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.
饱食终日,宴乐无度,不就是白白地浪费了一天!轻举妄动、胡言乱语、不讲道理、放纵私欲,岂不是就是罪恶的一日!
The true measure of our success will be what we leave for future generations.