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Prudence is what makes someone a great commodities trader - the capacity to face reality squarely in the eye without allowing emotion or ego to get in the way. It's what is needed by every quarterback or battlefield general.
I'm a trader. Under the right circumstances, I'd consider a new boat. I'm not ruling it out.
I prefer for government to err toward less regulation, lower taxation, and free markets. And I'm a radical free trader.
If you want to be fully convinced of the abominations of slavery, go on a southern plantation, and call yourself a negro trader. Then there will be no concealment; and you will see and hear things that will seem to you impossible among human beings with immortal souls.
When I was 15 years old, I read an article about Ivan Boesky, the well-known takeover trader - turned out years later it was all on inside information! But before that came to light, he was very successful, very flamboyant. And I thought, 'This is what I want to do.' So I'm 15 years old, I decide I'm going to Wall Street.
I wanted to be a great white hunter, a prospector for gold, or a slave trader. But then, when I was eight, my parents sent me to a boarding school in South Africa. It was the equivalent of a British public school with cold showers, beatings and rotten food. But what it also had was a library full of books.
If you are a short-term trader, you have the right to come and go from our funds.
Most languages spoken by a few thousand people are so complicated they make your head swim; a Siberian yak herder's language is much more complicated than a Manhattan bond trader's.
I didn't fit the typical profile of a trader. I was an English major working on a novel at night. Most everyone else was a maths or economics major; most everyone else had relatives or family in banking.
I have always been an honest trader. I come from a school of traders where there was honour in the deal. No contracts, just a handshake and that's it, done. That's the way I prefer to do business but it's not always possible these days, sadly.