“The way to learn is to shed your ego. This means be open to defeat.”

“The end object of investment should be serenity.”

The only true competitor in an infinite game is yourself.

Trading is not about being right, but rather following strict principles of money management

What makes us unable to invest with pure awareness is our warped relationship with time.

More investment mistakes arise from a dogmatic mindset than from uncertainty and confusion.

To invest, it seems, is to accumulate at least some regrets.

We continue the conversation daily in our members-only Slack group. Here’s a summary of the most helpful insights gained from the community last month.

Steven Cohen, CEO of Point 72 Asset Management, offered Stray Reflections members an exclusive glimpse at how he approaches his craft.

“It has taken me forty years to learn this: how to not be my own worst enemy and to prevent self-sabotage.”