A Quote by Paul Tudor Jones
I believe that great success is possible in any field — from music to mathematics to macro trading.
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I believe that great success is possible in any field - from music to mathematics to macro trading.
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.
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.
May not music be described as the mathematics of the sense, mathematics as music of the reason? The musician feels mathematics, the mathematician thinks music: music the dream, mathematics the working life.
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.
I believe that high, sustainable growth rates can only be possible on the basis of macro-stability.
You have to believe you're great. You have to have an air about you. My success wasn't because I was a great talent, but because I wanted it more than anybody else. Every minute I step on that field, I want to prove I'm the best player in the league.
It is exceptional that one should be able to acquire the understanding of a process without having previously acquired a deep familiarity with running it, with using it, before one has assimilated it in an instinctive and empirical way... Thus any discussion of the nature of intellectual effort in any field is difficult, unless it presupposes an easy, routine familiarity with that field. In mathematics this limitation becomes very severe.
Almost no one is foolish enough to imagine that he automatically deserves great success in any field of activity; yet almost everyone believes that he automatically deserves success in marriage.
Attitude is tremendously important in chasing success - in any field of endeavour. That's why I believe talent alone will get you very little in this world.
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.
You must fully understand, strongly believe in, and be totally committed to your trading philosophy. In order to achieve that mental state, you have to do a great deal of independent research. A trading philosophy is something that cannot just be transferred from one person to another; it's something that you have to acquire yourself through time and effort.
I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
If you go through the list of things that are not possible you're left with a very finite amount of possibilities. The fancy name for this is constraint theory. It's a nonquantitative model, but it's a field of mathematics.
Success is very enjoyable in any field. But for me, success is not in terms of financial gains.
Mathematics never reveals man to the degree, never expresses him in the way, that any other field of human endeavour does: the extent of the negation of man's corporeal self that mathematics achieves cannot be compared with anything. Whoever is interested in this subject I refer to my articles. Here I will say only that the world injected its patterns into human language at the very inception of that language; mathematics sleeps in every utterance, and can only be discovered, never invented.
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