If your goal does not have a schedule, it is a dream.
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.
我认为无畏不是没有恐惧,而是即使害怕也要勇往直前。
Operational excellence is not just about efficiency; it's about doing things right for all stakeholders.