Paul Tudor Jones is a great investor and here are his 12 words of wisdom that he has said.

Let’s see how it applies to my investing style.

  1. “The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.”                                              **I am very curious and love reading 10-Ks. Also, love to learn about new products and industries. I just wish I had more time. Need to pray for wisdom.                

  2. “Intellectual capital will always trump financial capital.” 

    **Of course. Wisdom is supreme! Trying to get there.        

  3. “Every day I assume every position I have is wrong.”

    **I try to do this but it is hard. It hurts my pride I guess. I do think that I may be wrong a lot of times. I need to kill my pride and be more humble.        

  4. “Losers average losers.”

    **Of course, losers don’t get you anywhere. Make sure to do due diligence and cut losses quickly.

  5. “You adapt, evolve, compete or die.”

    **So true in the market. Investor don’t adapt. Well, be ready to give your money to a smarter investor.

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

    **Yes, I am always humbled by the market. There is always something unexpected and that is why I like it.  

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

    **Not really, that flow of capital creates value.        

  8. “At the end of the day, the most important thing is how good are you at risk control.”

    **Yes, never lose money. Remember to never lose money. Warren Buffet and Howard Marks’ mantra.      

  9. “Always think of your entry point as last night’s close.”                                                                             **Yup, don’t be attached to stocks. I have been attached and it blew a hole in my portfolio.  
  10. “I will keep cutting my position size down as I have losing trades. When I am trading poorly, I keep reducing my position size. That way, I will be trading my smallest position size when my trading is worst.”                                                                                                                                        **This is so true. Need to control risk. Cut losses.          
  11. “Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead.”                                                **Pride kills. God loves humble hearts 😀            
  12. “Markets trend only about 15 percent of the time; the rest of the time they move sideways.         **Not sure about the statistics but big things happen suddenly and quickly. Other times, it is mostly noise.