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Steve Burns

@SJosephBurns • 865,976 subscribers

I tweet about trading, financial markets, & financial freedom. I also share what I find inspiring & motivating. I’m a trader & the founder of https://t.co/TT0duLcHc3

Shorts

“If you’re going to trade using models then you just slavishly use the model. You do whatever it says no matter how smart or dumb you think it is in that moment. And that turned out to be a wonderful decision.” — Jim Simons

“If you’re going to trade using models then you just slavishly use the model. You do whatever it says no matter how smart or dumb you think it is in that moment. And that turned out to be a wonderful decision.” — Jim Simons

114,688 Aufrufe

“Big opportunities in life have to be seized.” — Warren Buffett

“Big opportunities in life have to be seized.” — Warren Buffett

29,508 Aufrufe

Warren Buffett: "You want to enjoy every day. You want to have a job you love — and you want to work with people you like and admire and trust. If you've got that, you are a long way home."

Warren Buffett: "You want to enjoy every day. You want to have a job you love — and you want to work with people you like and admire and trust. If you've got that, you are a long way home."

42,807 Aufrufe

Charlie Munger: "We tend to judge by the past record. By and large, if the thing has a lousy past record and a bright future, we're going to miss the opportunity."

Charlie Munger: "We tend to judge by the past record. By and large, if the thing has a lousy past record and a bright future, we're going to miss the opportunity."

30,391 Aufrufe

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Jeff Bezos: “I once asked Warren Buffett, why don’t more people copy your investment strategy? It’s not that difficult to understand in principle. And he said, ‘Oh, Jeff, that’s easy. My approach is a get-rich-slowly scheme.’ And people don’t like those.” “If you can think in terms of seven years instead of three years, and you can defer gratification and think long term, that will give you a head start against all of your competitors, because most people can’t do that.”

Jeff Bezos: “I once asked Warren Buffett, why don’t more people copy your investment strategy? It’s not that difficult to understand in principle. And he said, ‘Oh, Jeff, that’s easy. My approach is a get-rich-slowly scheme.’ And people don’t like those.” “If you can think in terms of seven years instead of three years, and you can defer gratification and think long term, that will give you a head start against all of your competitors, because most people can’t do that.”

650,857 Aufrufe • vor 11 Tagen

When someone asks me what a stop loss is I show them this.

When someone asks me what a stop loss is I show them this.

2,817,991 Aufrufe • vor 2 Monaten

Charlie Munger: “Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.” “And it’s crazy to sweat at night…” (pause) Warren Buffett: “Over financial things.” 😂😂😂

Charlie Munger: “Berkshire would’ve been a lot bigger if we had used leverage, but we would be sweating at night.” “And it’s crazy to sweat at night…” (pause) Warren Buffett: “Over financial things.” 😂😂😂

347,320 Aufrufe • vor 28 Tagen

“To be successful, you don't have to be special. You just have to be what most people aren't - consistent, determined and willing to work for it. No shortcuts." — Tom Brady

“To be successful, you don't have to be special. You just have to be what most people aren't - consistent, determined and willing to work for it. No shortcuts." — Tom Brady

138,152 Aufrufe • vor 21 Tagen

Why Warren Buffett was so much richer than Charlie Munger: Charlie Munger: “Well, he got an early start, he was much smarter and he worked harder. Tell me why was Albert Einstein poorer than I was?” 😂😂😂

Why Warren Buffett was so much richer than Charlie Munger: Charlie Munger: “Well, he got an early start, he was much smarter and he worked harder. Tell me why was Albert Einstein poorer than I was?” 😂😂😂

130,060 Aufrufe • vor 23 Tagen

Warren Buffett: “The secret to life is weak competition.” “How do you beat Bobby Fischer? You play him at any game except chess.”

Warren Buffett: “The secret to life is weak competition.” “How do you beat Bobby Fischer? You play him at any game except chess.”

576,278 Aufrufe • vor 5 Monaten

Charlie Munger’s most powerful daily habit: "I read The Richest Man in Babylon which taught the joys of underspending your income and investing the difference and how wonderfully it would work over time" "I got the idea that I had a mental compound interest thing too, and so I finally decided I was going to give the best hour of the day to improving my own mind" "That may have been a very selfish thing to do but it worked"

Charlie Munger’s most powerful daily habit: "I read The Richest Man in Babylon which taught the joys of underspending your income and investing the difference and how wonderfully it would work over time" "I got the idea that I had a mental compound interest thing too, and so I finally decided I was going to give the best hour of the day to improving my own mind" "That may have been a very selfish thing to do but it worked"

79,293 Aufrufe • vor 21 Tagen

Peter Lynch on FOMO: "People are careful when they buy a refrigerator, then they'll hear about a stock on the bus and put $5,000 to $10,000 on it. They have no idea what the company does." "The sucker's going up is not a good reason to buy."

Peter Lynch on FOMO: "People are careful when they buy a refrigerator, then they'll hear about a stock on the bus and put $5,000 to $10,000 on it. They have no idea what the company does." "The sucker's going up is not a good reason to buy."

357,029 Aufrufe • vor 3 Monaten

Late billionaire trader Jim Simons explains alpha:

Late billionaire trader Jim Simons explains alpha:

142,296 Aufrufe • vor 1 Monat

Charlie Munger: "If you just get up every morning and keep plugging [away] and have some discipline and keep learning, it's amazing how it works out okay." "I did not intend to get rich — I wanted to get independent — and just overshot."

Charlie Munger: "If you just get up every morning and keep plugging [away] and have some discipline and keep learning, it's amazing how it works out okay." "I did not intend to get rich — I wanted to get independent — and just overshot."

420,342 Aufrufe • vor 6 Monaten

Charlie Munger: "Never underestimate the man who overestimates himself. These weird guys who overestimate themselves occasionally knock it right out of the park."

Charlie Munger: "Never underestimate the man who overestimates himself. These weird guys who overestimate themselves occasionally knock it right out of the park."

252,436 Aufrufe • vor 4 Monaten

"Diversification makes very little sense for anyone who knows what they’re doing." — Warren Buffett

"Diversification makes very little sense for anyone who knows what they’re doing." — Warren Buffett

23,939 Aufrufe • vor 12 Tagen

Dr. David Paul explains how you’re 10 trades away from becoming consistently profitable at trading.

Dr. David Paul explains how you’re 10 trades away from becoming consistently profitable at trading.

27,226 Aufrufe • vor 16 Tagen

Ray Dalio: “If you don’t own gold, you know neither history, nor economics.” Gold is becoming the world’s new reserve currency based on Central Bank balance sheets. Gold has officially overtaken U.S. Treasuries as the largest reserve asset held by central banks. This shift, the first of its kind in roughly 30 years, is driven by a combination of record-breaking institutional buying and a massive surge in gold prices.

Ray Dalio: “If you don’t own gold, you know neither history, nor economics.” Gold is becoming the world’s new reserve currency based on Central Bank balance sheets. Gold has officially overtaken U.S. Treasuries as the largest reserve asset held by central banks. This shift, the first of its kind in roughly 30 years, is driven by a combination of record-breaking institutional buying and a massive surge in gold prices.

51,103 Aufrufe • vor 1 Monat

“The biggest mistake investors make is they invest in the present instead of looking forward.” — Stanley Druckenmiller

“The biggest mistake investors make is they invest in the present instead of looking forward.” — Stanley Druckenmiller

40,291 Aufrufe • vor 1 Monat

"The toxic people who are trying to fool you or lie to you — who aren't reliable in meeting their commitments — the great lesson is [to] get them the hell out of your life. And do it fast". — Charlie Munger

"The toxic people who are trying to fool you or lie to you — who aren't reliable in meeting their commitments — the great lesson is [to] get them the hell out of your life. And do it fast". — Charlie Munger

23,611 Aufrufe • vor 25 Tagen

Warren Buffett: "The second half of your life should be better than your first half. You should be wiser when you get older."

Warren Buffett: "The second half of your life should be better than your first half. You should be wiser when you get older."

69,429 Aufrufe • vor 2 Monaten

If you aren't doing this daily, you are falling behind. 🛑 Here is the ultimate post-market review loop inside TradesViz | Trading Performance Analysis: 📊 Analyze your PnL vs. Time of Day. 🔍 Spot the trades with the worst Exit Efficiency. 🕹️ Click "Replay" to instantly simulate that exact trade and see where your execution failed. Doing this just a few times a week builds incredible market intuition 🧠 🤨 You stop guessing what went wrong and actually watch it go wrong in the simulator. You don't need a charting package, a journal, and a separate replay tool. You just need TradesViz trading journal 🔖 Build your edge: 👇 #replay #trading #stocks #psychology #tradingjournal

If you aren't doing this daily, you are falling behind. 🛑 Here is the ultimate post-market review loop inside TradesViz | Trading Performance Analysis: 📊 Analyze your PnL vs. Time of Day. 🔍 Spot the trades with the worst Exit Efficiency. 🕹️ Click "Replay" to instantly simulate that exact trade and see where your execution failed. Doing this just a few times a week builds incredible market intuition 🧠 🤨 You stop guessing what went wrong and actually watch it go wrong in the simulator. You don't need a charting package, a journal, and a separate replay tool. You just need TradesViz trading journal 🔖 Build your edge: 👇 #replay #trading #stocks #psychology #tradingjournal

10,997 Aufrufe • vor 11 Tagen

Stanley Druckenmiller explains why you must sell when valuation disconnects completely from rational fundamentals — even if the company is incredible. Druckenmiller did it with $NVDA. If a big correction comes, you can re-enter.

Stanley Druckenmiller explains why you must sell when valuation disconnects completely from rational fundamentals — even if the company is incredible. Druckenmiller did it with $NVDA. If a big correction comes, you can re-enter.

64,384 Aufrufe • vor 3 Monaten

Jim Simons breaks down one of the best techniques in trading (using uncorrelated signals):

Jim Simons breaks down one of the best techniques in trading (using uncorrelated signals):

135,136 Aufrufe • vor 8 Monaten