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….

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….

The whole world is simply nothing more than a flow chart for capital..

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….

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….

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….

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

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..

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….

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

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

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….

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….

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

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 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….

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….

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….

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