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?
我们都是成功祖先的后代;失败者没有留下后代。
成功投资的关键是有耐心等待合适的机会。
The writer must be a perpetual questioner, a doubter of all certainties.
Mental life is a continuous adjustment to circumstances.
Innovation in fishing technology must go hand in hand with conservation efforts.