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First of all, never play macho man with the market. Second, never overtrade.

Paul Tudor Jones

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Paul Tudor Jones
Age: 70
Born: 1954
Born: September 28
Businessperson
Hedge Fund Manager
Stockbroker
Trader
Memphis
Tennessee
Paul Tudor Jones II
Men
Macho
Market
Second
Firsts
Play
First
Never

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Trading gives you an incredibly intense feeling of what life is all about.
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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 me, I keep them.
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There's such an emphasis on making money that we've really taken the humanity out of business.
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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 be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
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The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
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You adapt, evolve, compete or die.
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There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.
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Don't be a hero. Don't have an ego. Always question yourself and your ability. Don't ever feel that you are very good. The second you do, you are dead.
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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 anyone can break away from the crowd and rise above mediocrity.
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I believe that great success is possible in any field — from music to mathematics to macro trading.
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There is no more compassionate and effective way to help poor people in New York City than to give to Robin Hood.
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Don't be a hero. Don't have an ego.
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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.
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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 job is to buy what goes up and to sell what goes down so really who gives a damn about PE's?
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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.
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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.
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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.
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I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have
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The whole world is simply nothing more than a flow chart for capital.
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We have ripped the humanity out of our companies. It's threatening the very underpinnings of our society.
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