There is no more compassionate and effective way to help poor people in New York City than to give to Robin Hood.

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

Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.

Sometimes failure is merely chasing you off the wrong road and onto the right one.

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?

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

We have ripped the humanity out of our companies. It's threatening the very underpinnings of our society.