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
believe fields mathematics
I believe that great success is possible in any field — from music to mathematics to macro trading.
gains problem economic
You can achieve great economic gains by solving social problems.
hero ego
Don't be a hero. Don't have an ego.
sometimes chasing wrong-road
Sometimes failure is merely chasing you off the wrong road and onto the right one.
divorce successful emotional
My off-the-cuff remarks at the University of Virginia were with regard to global macro traders, who are on-call 24/7 and of whom there are likely only a few thousand successful practitioners in the world today. Macro trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
intellectual financial trump
Intellectual capital will always trump financial capital.
pain stupid pursuit-of-happiness
That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?
men play numbers
First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.
morning educational bed
If life ever ceased to be an educational experience. I probably wouldn't get out of bed in the morning.
believe people mediocrity
It is not that we had any unfair knowledge that other people didn't have, it is just that we did our homework. People just don't want to believe that anyone can break away from the crowd and rise above mediocrity.
moving expansion range
When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.
evolve dies
You adapt, evolve, compete or die.
journey keys elements
Failure was a key element to my life’s journey.
risk the-end-of-the-day important
And then at the end of the day, the most important thing is how good are you at risk control. Ninety-percent of any great trader is going to be the risk control.