I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
Investors
Paul Tudor Jones
Born in 1954 in Memphis, Tennessee, Paul Tudor Jones founded Tudor Investment Corporation in 1980 and earned legendary status by predicting the 1987 Black Monday crash and profiting enormously from the downturn. He also co-founded the Robin Hood Foundation for poverty relief. A global macro trader who places risk management above all else, he has maintained a defense-first philosophy for over four decades.
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Paul Tudor Jones's Other Quotes
Don't focus on making money; focus on protecting what you have.
Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.
The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.
Related Quotes
The key to my success is buying into troubled companies.
-- Daniel S. Loeb
To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
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To beat the market, you must know something others don't, or interpret something others can't.
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If everybody is buying something, I would tend to sell. If nobody is interested in something, I would tend to buy.
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The key to investing is to be fearful when others are greedy, and greedy when others are fearful. But the real trick is figuring out the difference.
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The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.
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