我总是告诉我的交易员，‘不要做英雄。不要自负。总是质疑自己的能力。’

The nightmare thought is that frightening people is the best way to get work out of them, and that somehow the crueler the environment, the more people will rise to the challenge. You want to think, who would you like as your ideal dad? And your ideal dad is somebody who is tough but gentle. And it's a very hard line to make. We need fathers, as it were, the exemplary father figures in society, avoiding the two extremes, which is the authoritarian disciplinarian on the one hand, and on the other, the lax, no-rules option.

The market is never wrong; opinions often are.

Every cut should have a purpose, a reason to be there.