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Chance and chance alone has a message for us. Everything that occurs out of necessity, everything expected, repeated day in and day out, is mute. Only chance can speak to us. We read its message much as gypsies read the images made by coffee grounds at the bottom of a cup. --Milan Kundera
Most [quant] failures occur becuase of regime changes. Value works. Growth works. Momemntum works. Quality works. They just don't work all at the same time. -- Cam Hui