You can not have significance in this life if it is all about you. You get your significance, you find your joy in life through service and sacrifice - it's pure and simple.
Interpretation
True significance and joy in life come from serving others rather than focusing solely on oneself.
In this quote, Paul Tudor Jones emphasizes the importance of selflessness in achieving a meaningful existence. He argues that personal significance and true joy are derived not from selfish pursuits, but from acts of service and sacrifice for others, suggesting that a life centered around helping others leads to a more fulfilling and impactful life.
In practice
In a speech about community service, this quote can inspire volunteers to continue their efforts.
If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
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'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?
I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.
People say to me, 'Are you still excited when you go on tour?' Should I be excited about leaving my family? No, and no one should. It's as simple as that. If you put aside the fantasy of it, it is what it is and has to be done. And that's fine, and I pour my entire energy and enthusiasm into it, but of course, I'm of two minds about the whole idea.
I remember thinking, when I was in my early 30s, that this is the best age to be, and I still believe your 30s are a wonderful time.
What I'm not sure about, is if our lives have been so different from the lives of the people we save. We all complete. Maybe none of us really understand what we've lived through, or feel we've had enough time.
You think when you wake up in the mornin yesterday don't count. But yesterday is all that does count. What else is there? Your life is made out of the days it’s made out of. Nothin else.
You cut off the capacity for grief in your life, and you cut off the joy at the same time. They both come up through the same tunnel. You don't have one without the other.
I have two moods. One is Roy, rollicking Roy, the wild ride of a mood. And Pam, sediment Pam, who stands on the shore and sobs... Sometimes the tide is in, sometimes it's out.
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