You learn more from your losses, than from your gains.

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?

After awhile size means nothing. It gets back to whether you're making 100% rate of return on 10k or 100 million dollars. It doesn't make any difference.

You learn more from your losses, than from your gains.

Intellectual capital will always trump financial capital.

There's such an emphasis on making money that we've really taken the humanity out of business.

If trading is like chess, then macro is like three-dimensional chess.