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Portrait of Bruce Kovner

Bruce Kovner

(1945) Financier

17 quotes in 119 categories

Bruce Kovner is a financier.

Quick Facts About Bruce Kovner

Born: February 27, 1945
Profession: Financier

About Bruce Kovner

Bruce Stanley Kovner is an American billionaire hedge fund manager and philanthropist. He is chairman of CAM Capital, which he established in January 2012 to manage his investment, trading and business activities. From 1983 through 2011, Kovner was founder and chairman of Caxton Associates, a diversified trading company. As of April 2024, his net worth was estimated at US$7.7 billion.

Biography source: Wikipedia

Quotes by Bruce Kovner

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

Analysis

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In 1983, I set up Caxton Corp. Its been an interesting and happy ride since.

Interesting

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Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you…

Advice

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Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

Bigs

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In 1983, I set up Caxton Corp. It's been an interesting and happy ride since.

Been

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If you personalize losses, you can't trade.

Death

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My experience with novice traders is that they trade three to five times too big. They are taking 5 to 10 percent…

Bigs

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The first rule of trading - there are probably many first rules - is don't get caught in a situation in which…

Caught

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

Hard

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I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

Bull

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Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong, not at a point determined…

Amount

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Michael [Marcus] taught me one thing that was incredibly important... He taught me that you could make a million dollars. He showed…

Can do

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Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm…

Bases

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Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is…

Being wrong

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In a bear market, you have to use sharp countertrend rallies to sell.

Bears

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Whenever I enter a position, I have a predetermined stop. That is the only way I can sleep. I know where I'm…

Bases

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The Heisenberg principle - If something is closely observed, the odds are it is going to be altered in the process. The…

Activity

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