Steve Cohen says to Jack Schwager, in Stock Market Wizards
Most traders want to trade everything. One minute they are trading Yahoo!, the next Exxon. They're traders! My place operates differently. I want my traders to be highly focused. I want them to know a lot about something, instead of a little about everything.
Wisdom from a guy who traded well enough to pay $143.5 million for a painting last year.
For more on Steve Cohen, click here.
