The most important thing from Paul Tudor Jones

"The most important thing for me from that is that defense is ten times more important than offense. The wealth you have can be so ephemeral; you have to be very focused on the downside at all times.

"When you have a good position in something, you don't need to look at it, it will take care of itself. Where you need to be focused is where you're losing money, and that's actually when people generally don't want to look: "My account's going down. I don't even want to open it." So I've created a process overtime whereby risk control is the number one single most important focus that I have, every day walking in. I want to know I'm not losing it.
 
" If you lose 50%, it takes 100% to get back to where you started-and that takes something you can never get back: time."