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

Don't be a hero. Don't have an ego.

I believe that great success is possible in any field — from music to mathematics to macro trading.

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.

If life ever ceased to be an educational experience. I probably wouldn't get out of bed in the morning.

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.