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 by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
Interpretation
Success can be achieved by taking risks at market fluctuations rather than just following trends.
In this quote, Paul Tudor Jones emphasizes the potential for significant financial gain by identifying and acting upon market extremes, such as peaks and troughs, rather than simply riding the trends. He challenges the common advice against trying to 'pick tops and bottoms' by sharing his own success in doing exactly that, suggesting that there is value in contrarian thinking and that substantial opportunities exist for those willing to navigate the volatility.
In practice
This quote can be used in a financial seminar to illustrate unconventional trading strategies.
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