I used to think the world was broken down by tribes. Then I thought it was broken down by rich and poor. Then I thought it was broken down by stupid and smart. But I know now that it is broken down by people who are alive and people who are dead.
Models can lower your risk…….. It reduces the daily aggravation. With old-fashioned stock picking: “One day you feel like a hero. The next day you feel like a goat. Either way, most of the time it’s just luck. “We don’t override the models.