If you don’t work very hard, it is extremely unlikely that you will be a good trader.

The first rule of trading – there are probably many first rules – is don’t get caught in a situation in which you can lose a great deal of money for reasons you don’t understand.

Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined primarily by the maximum dollar amount you are willing to lose.

If you personalize losses, you can’t trade.

The great thing about sharing it with Juilliard is it opens it up to people with an intense interest. Now a piece can be played and performed in a new way.

I started collecting just for the personal pleasure of being close to these icons of the greatest musical achievements in Western music.

At a certain point I realized that it would be better to make this collection available to the rest of the world rather than to keep it under a mattress.

It has been great fun to find these manuscripts and pull them together into this collection. I trust that what we are doing at the school will make it possible for Juilliard students and scholars to delve into the compositional processes of these great composers and share them with the rest of the world.

Fundamentalists who say they are not going to pay any attention to the charts are like a doctor who says he’s not going to take a patient’s temperature.

Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half.