You adapt, evolve, compete or die.

The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.

You can achieve great economic gains by solving social problems.

You adapt, evolve, compete or die.

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

I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have

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.