Paul Tudor Jones Quotes

Who is Paul Tudor Jones?

Paul Tudor Jones II is an American investor, hedge fund manager, and philanthropist. Jones is considered as one of the greatest traders of all time together with Warren Buffett and Jesse Livermore.

Born September 28, 1954
Age 68 years old

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Best 134 Quotes by Paul Tudor Jones – Page 1 of 5


“A bet on Bitcoin is a bet on human ingenuity.”

“A good system may be able to trade more markets effectively than a good trader because it has the advantage of unlimited computing power.”

“A good trader will usually be able to outperform a good system.”

“After a while size means nothing. It gets back to whether you're making 100% rate of return on 10k or 100 million dollars. It doesn't make any difference.”

“Always maintain your sense of confidence, but keep it in check.”

“Always think of your entry point as last night’s close.”

“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.”

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

“Borrowing our way into prosperity. We borrowed against the future, and soon we will have to pay.”

“By watching my first boss and mentor Eli Tullis, I learned that even though markets look their very best when they are setting new highs, that is often the best time to sell. He instilled to me the idea that, to some extent, to be a good trader, you have to be a contrarian.”

“Cash is worthless, so what do you do with your money?”

“Certain people have a greater proclivity for macro trading because they don’t have the need to feel intellectually superior to the crowd. It’s a personality thing.”

“Decrease your trading volume when you are trading poorly; increase your volume when you are trading well.”

“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.”

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“Don’t be too concerned about where you got into a position. The only relevant question is whether you are bullish or bearish on the position that day.”

“Don’t ever average losers.”

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“I have more money than I need. I don’t need to work for a living. I do this because I love what I do.”

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“Eli Tullis was the largest cotton speculator in the world when I went to work for him, and he was a magnificent trader. In my early 20s, I got to watch his financial ups and downs and how he dealt with them. His fortitude and temperament in the face of great adversity were great examples of how to remain cool under fire. I’ll never forget the day the New Orleans Junior League board came to visit him during lunch. He was getting absolutely massacred in the cotton market that day, but he charmed those little old ladies like he was a movie star. It put everything in perspective for me.”

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

“Every trade decision is the product of some problem-solving process – human or otherwise.”

“Everyone knows when I trade.”

“Everything gets destroyed a hundred times faster than it is built up. It takes one day to tear down something that might have taken ten years to build.”

“Everything happens for a reason.”

“Failure was a key element to my life’s journey.”

“Failure will give you a tattoo that will stay with you your whole life, and sometimes it’s a really good thing.”

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

“Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... 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.”

“I always believe that prices move first and fundamentals come second.”

“I attribute my own success to the Elliott Wave approach.”

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“I avoid letting my trading opinions be influenced by comments I may have made on the record about a market.”

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

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“When people give you two reasons, consider the first one to be bogus.”

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