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.
礼义法度,是随着时势而变化的。
The only real freedom is the freedom to imagine.
Success is nice, but it’s not why I make music.
一般人的毛病,就是容易受局部的蒙蔽,因而不能明白大道理。眼光不妨放长远一些,站得高一些,能看得更广,格局更大。