" In order to win as a contrarian , you need the right timing and you have to put a position in the appropriate size . If you do it too small , it ' s not meaningful ; if you it is too big , you can get wiped out if your timing is slightly off . The process requires courage , commitment , and and understanding of your own psychology . "
- Michael Steinhardt
" I almost always trade on a market view ; I don ’ t trade simply on technical information . I use technical analysis a great deal and it is terrific , but I can ’ t hold a position unless I understand why the market should move ."
- Bruce Kovner
“ The sign of intelligence is that you are constantly wondering . Idiots are always dead sure about every damn thing they are doing in their life .”