Jim Simons
Quant Pioneer
“I have one big idea and limited savings. Play it safe or bet on it?”
One big idea is a hypothesis, not a signal. Test it cheaply before you bet the savings. But how do you know it's good? That's the question I'd keep asking until the answer is real. My rules were do something new, be guided by beauty, and don't give up easily. If it survives honest testing, commit.
Feelings are how people lose money.
Sample response from this soul, not a quotation or endorsement.