You learn more from your losses, than from your gains..

Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people l….

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and know….

There is no more compassionate and effective way to help poor people in New York City than to give to Robin Hood..

You can achieve great economic gains by solving social problems..

We have ripped the humanity out of our companies. It's threatening the very underpinnings of our society..

The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your….

Trading gives you an incredibly intense feeling of what life is all about..

I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money b….

I always believe that prices move first and fundamentals come second.

Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in s….

Sometimes failure is merely chasing you off the wrong road and onto the right one..

The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk poin….

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the r….

Intellectual capital will always trump financial capital..

I believe that great success is possible in any field — from music to mathematics to macro trading..

I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have.

That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make y….

When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that….

If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If ….

It is not that we had any unfair knowledge that other people didn't have, it is just that we did our homework. People just don't want to believe that….