"I feel sorry for the traders who watch CNBC all day, every day. they hope to eek out some competitive advantage from the comments of some guy who has never traded an S & P contract in his life. Even if the media happened to have something relevent to say, the news is already reflected in the open, high, low, close, open interest and daily volume" Christian Baha CEO Superfund
"Whenever we get a period of poor performance, most investors conclude something must be fixed. They ask if the markets have changed. But trend following presupposes change"
"They say that patience is a virtue. For me patience is synonymous with discipline. You must have the discipline to know that markets change and poor periods are followed by good periods. Longevity in this business - I have seen it again and again - is measured by discipline."