Avoid losers. If you hear someone use the words 'impossible', 'never', 'too difficult' too often, drop him or her from your social network.

We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?

Bankers, they're not harmed by their mistakes. They benefit when things go right, and the society pays the price.

But they never notice the following inconsistency: this so-called worst-case event, when it happened, exceeded the worst case at the time.

The number of managers with great track records in a given market depends far more on the number of people who started in the investment business (in place of going to dental school), rather than on their ability to produce profits.

Only the autodidacts are free.

If you don't feel that you haven't read enough, you haven't read enough.