Friday, January 28, 2011

James Simons: The Past Is A Good Predictor Of The Future

"Everything’s tested in historical markets. The past is a pretty good predictor of the future. It’s not perfect. But human beings drive markets, and human beings don’t change their stripes overnight. So to the extent that one can understand the past, there’s a good likelihood you’ll have some insight into the future."

James Simons

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