Paul Tudor Jones
Paul Tudor Jones
Paul Tudor Jones IIis an American businessman who founded Tudor Investment Corporation, a private asset management company and hedge fund. As of March 2014, he was estimated to have a net worth of US$4.3 billion by Forbes Magazine and ranked as the 108th richest American and 345th richest in the world...
NationalityAmerican
ProfessionBusinessman
Date of Birth28 September 1954
CountryUnited States of America
simple risk important
If I have positions going against me, I get right out; if they are going for me, I keep them Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.
successful sky ideas
Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.
successful thinking ephemeral
I am more scared now that I was at any point since I began trading, because I recognize how ephemeral success can be in this business. I know that to be successful, I have to be frightened. My biggest hits have always come after I have had a great period and I started to think that I knew something.
intellectual financial trump
Intellectual capital will always trump financial capital.
evolve dies
You adapt, evolve, compete or die.
gains problem economic
You can achieve great economic gains by solving social problems.
humanity our-society threatening
We have ripped the humanity out of our companies. It's threatening the very underpinnings of our society.
chess three macro
If trading is like chess, then macro is like three-dimensional chess.