重要的不是你打得有多狠,而是你能承受多大的打击并继续前进。
It's not about how hard you hit. It's about how hard you can get hit and keep moving forward.
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.
The best decisions are made when you listen to both data and intuition.