“Before a person studies Zen, mountains are mountains and waters are waters; after a first glimpse into the truth of Zen, mountains are no longer mountains and waters are not waters; after enlightenment, mountains are once again mountains and waters once again waters.”—Ch’ing-yüan Wei-hsin

The purpose of this book is to rediscover simple, scientifically sound investing. It has taken me the better part of my adult life spent designing and implementing complex trading strategies, both in academia and on Wall Street, to recognize simplicity. Years spent studying trades that consistently make money reveal simple truths behind their success, essential rules that winning strategies follow. More important than the intricacies of the models ...

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