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Focus

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.

Posted by Rob on July 26, 2007 02:24 PM | Permalink

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