“ You can ’ t win without an edge , even with the world ’ s greatest discipline and money management skills . If you don ’ t have an edge , all that money management and discipline will do for you is to guarantee that you will gradually bleed to death . Incidentally , if you don ’ t know what your edge is , you don ’ t have one .”
- Jack Schwager
" 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 and every damn thing they know in their life .”