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.
She's a person; the doctor pronounces her dead, not the news.
Every 10 years or so, there was a moment when I'd say, even subconsciously, 'Is that all there is?' You've got to find ways to keep it fresh for yourself.
I really haven't had that exciting of a life. There are a lot of things I wish I would have done, instead of just sitting around and complaining about having a boring life. So I pretty much like to make it up. I'd rather tell a story about somebody else.
I love running cross-country...You come up a hill and see two deer going, 'What the hell is he doing?' On a track I feel like a hamster.
Life will hit you hard in the face, wait for you to get back up just so it can kick you in the stomach. But getting the wind knocked out of you is the only way to remind your lungs how much they like the taste of air.
That's not a thing any of us are granted. To go back. Wipe away what later doesn't suit us and make it the way we wish it. You just go on
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