The story of Paul Tudor Jones.
Watch Trader HERE
This film shows a wizard of a trader at his best, on good days and bad. The movie contains plenty of advice for individual investors and traders. Watching Jones' prediction of the 1987 downturn, based largely on intuition and Elliott Wave graphs, is especially fascinating in hindsight. Jones is extremely intelligent, but also superstitious. (About half an hour into the film, you see him put on his lucky sneakers that were once owned by Bruce Willis.) As erudite (and often right) as Tudor's analysis is, he says that he would rather have an emotionally invested money manager rather than a cerebrally detached one.
The film also shows the hedge fund manager donating his time and money to help New York City children graduate from high school and attend college on his dime. Jones wrote about the mission of his charity, the Robin Hood Foundation, in Hedge Fund Intelligence last year.
Poverty is an enemy that comes in many forms. But the worst form of poverty facing America today is the poverty of opportunity. Ironically, it was this poverty of opportunity that drove so many of our ancestors to flee their homelands for America. The promise of opportunity was so important that it became the first founding principle in the Declaration of Independence — “All men are created equal” and implicit in that is a promise of equal opportunity. But go tell that to the 20,000 New York City children -- children, mind you -- who will sleep in a homeless shelter tonight in this fair city. Where is their opportunity?
Watch this one now. Jones apparently requested that the film go out of circulation — possibly because of the embarrassing technology and fashion statements that were in vogue on Wall Street in the 1980s.
Takeaways: Get up early. And be aggressive.
Article by Vincent Trivett
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