We approach markets backwards. The first thing we ask is not what can we make, but how much can we lose. We play a defensive game.

I have two basic rules about winning in trading as well as in life: 1. If you don't bet, you can't win. 2. If you lose all your chips, you can't bet.

It is incredible how rich you can get by not being perfect

I don't trade for excitement; I trade to win

Frankly, I don't see markets; I see risks, rewards, and money.

If you diversify, control your risk, and go with the trend, it just has to work.

No matter what information you have, no matter what you are doing, you can be wrong.

Never risk more than 1% of total account equity on any one trade. By risking 1%, I am indifferent to any individual trade. Keeping your risk small and constant is absolutely critical.

I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.

The beautiful journey of today can only begin when we learn to let go of yesterday.

We were created to live a life of prayer.

You must be the most beautiful and sophisticated thief I have ever met. Secretly you stole my heart without my knowledge.

We need to have an understanding that no matter how difficult the situation is, the victory is ours

The food in Yugoslavia is fine if you like pork tartare.

In the world of high finance the shilling of the idle rich man can buy more than that of the poor, industrious man.

When you're busy doing your own stuff it's like running a race. You try not to look over your shoulder to see who else is in the race, you do the best you can.

I think glamour is synonymous with me.

Librarian is a service occupation. Gas station attendant of the mind.

Hopefully, with some years of practice and just getting to that state, I'll try extreme sports again.