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 - it's pure and simple.
Interpretation
True significance and joy in life come from serving others rather than focusing solely on oneself.
In this quote, Paul Tudor Jones emphasizes the importance of selflessness in achieving a meaningful existence. He argues that personal significance and true joy are derived not from selfish pursuits, but from acts of service and sacrifice for others, suggesting that a life centered around helping others leads to a more fulfilling and impactful life.
In practice
In a speech about community service, this quote can inspire volunteers to continue their efforts.
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 you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
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 their heart and mind.
I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have
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 situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
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 your life a pursuit of happiness rather than pain?
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.
That larger story in 'Salvage the Bones' is just about survival, and I think that, in the end, there are things about this novel and about these characters' experiences that make their stories universal stories.
Hope may be the thing that pulls you forward, may be the thing that keeps you going, but that it's dangerous, that it's painful and risky, that it's making a dare in the world and when has the world ever let us win a dare?
After you're dead and buried and floating around whatever place we go to, what's going to be your best memory of Earth? What one moment for you defines what it's like to be alive on this planet? What's your takeaway? Fake yuppie experiences that you had to spend money on, like white water rafting or elephant rides in Thailand don't count. I want to hear some small moment from your life that proves you're really alive.
I believe life is a series of near misses. A lot of what we ascribe to luck is not luck at all. It's seizing the day and accepting responsibility for your future. It's seeing what other people don't see And pursuing that vision.
For better or for worse, I've watched people die in front of me. I see how they are in the end. And they're not cynical. In the end, they wanna hold somebody's hand. And that's real to me.
The truth is, I'm just a rough old New Zealander who has enjoyed many challenges in his life.
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