Paul Tudor Jones’ sign: What is obvious is obviously wrong

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Emphasizing the importance of risk management in trading, Peter Borish, chairman and CEO of Computer Trading Corporation, cites his former colleague of 10 years, Paul Tudor Jones' adage, "What is obvious is obviously wrong," to illustrate how last year's recession and this year's interest rate cut predictions both failed to materialize. Borish notes that despite market gossip, having a defined methodology and knowing when to admit being wrong are crucial for success. He spoke with Yahoo Finance’s Jared Blikre and Sydnee Fried on, “Stocks in Translation.” Listen to the whole episode here, or wherever you get your podcast.
This post was written by Jimi Corpuz