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

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

That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?

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.

My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely only a few thousand successful practitioners in the world today. Macro trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.

Trading gives you an incredibly intense feeling of what life is all about.

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