Peter Borish
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Peter Borish leads as The Navigator, a co-founder of Tudor Investments whose operating philosophy rests on reading converging signals, fundamentals, technicals, and market sentiment, to chart a course through uncertain terrain. His insistence on discipline before vision, and his rule that trading works only when multiple indicators align, reveals a leader who mistrusts instinct alone. Borish prefers calibrated, evidence-anchored positioning to conviction-driven bets, treating risk as the terrain itself rather than an obstacle.
“We always said discipline before vision. Trading and risk management are inherently unnatural characteristics — you have to have that discipline to say the move is over, even when everyone else wants to stay long.”
“Complacency in anything, but particularly in the markets, is extraordinarily dangerous. Bad things can and will happen. Trade smaller, have really good risk management, and don't believe your success when you're trading successfully.”
“Trading works best when the fundamentals and the technicals intersect. If you think you're right and the fundamentals are wrong, you're going to take a small loss and turn it into a large loss.”
Masters in Business: “Peter Borish on Lessons From the 1987 Market Crash”
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