The best traders I know are obsessive about risk management. They think about what can go wrong before they think about what can go right.

riskBrevan Howard internal communication (reported)

Markets have a way of finding your weaknesses. The job is to find them yourself first.

investingIndustry conference (reported)

Macro is about understanding the forces that move the world. Everything else follows from that.

macroPrivate remarks (reported)

Cutting losses is not a sign of weakness. It is the most important discipline in trading.

risk-managementBrevan Howard firm culture (widely attributed)

Digital assets are not a sideshow. They are a fundamental shift in how value moves across the world.

cryptoIndustry remarks (reported), 2021

The market does not care about your conviction. It cares about whether you are right.

philosophyAttributed remarks