I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.

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.

Intellectual capital will always trump financial capital.

First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.

The whole world is simply nothing more than a flow chart for capital.

I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get right out; if they are going for me, I keep them.