If trading is like chess, then macro is like three-dimensional chess..

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

After awhile size means nothing. It gets back to whether you're making 100% rate of return on 10k or 100 million dollars. It doesn't make any differe….

You can not have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice….

Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off….

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….

My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely onl….

Don't be a hero. Don't have an ego..

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

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

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

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….

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….

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….

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

I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to….

I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for m….

As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set….

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….

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

First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but tha….