我的基金叫量子基金——因为量子物理学教会我一个道理：观测行为会改变被观测的对象。在金融市场上投资者的预期会改变市场本身。

My fund is called Quantum Fund because quantum physics taught me one thing: the act of observation changes what is being observed. In financial markets, investors' expectations change the market itself.

趋势是你的朋友，除非趋势反转。

The trend is your friend until the trend reverses.

宏观经济预测不会让你赚钱。如果你把所有经济学家首尾相连排成一条线，他们还是指不出方向。

Macroeconomic predictions won't make you money. If you laid all the economists end to end, they still wouldn't reach a conclusion.

主动管理基金的失败是系统性、结构性的，不是偶然的。

The failure of active fund management is systemic and structural, not accidental.