PAUL TUDOR JONES

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.

Intellectual capital will always trump financial capital.

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.

As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind.

The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.

You will never see as many great women investors or traders as men. Period. End of story.

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

Much of my adult life has been spent fighting for equal opportunity, and the idea that I would support limiting opportunity for any segment of society, particularly women, is antithetical to who I am and what I have done.

Trading is very competitive and you have to be able to handle getting your butt kicked.

The only way to beat poverty in America is to completely transform American public education

It’s what you have to do to find a way to kick poverty’s ass.

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.

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

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

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?

You adapt, evolve, compete or die.

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

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?

When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.

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

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

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

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.

And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.

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.