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Paul Tudor Jones: The Life and Career of a Legendary Investor

1954:

  • Paul Tudor Jones II was born on September 28 in Memphis, Tennessee, USA.

1976:

  • Jones graduates from the University of Virginia with a degree in economics.

1976-1980:

  • Jones works as a trader at E. F. Hutton & Co., where he learns the ropes of the financial industry.

1980:

  • Jones founded his own hedge fund, Tudor Investment Corporation, with an initial investment of $30,000. The fund was later renamed Tudor Investment Corporation.

1987:

  • Jones makes a $100 million profit by shorting the S&P 500 during the Black Monday crash. This is one of the most famous trades in history, and it cements Jones’ reputation as one of the most successful hedge fund managers in the world.

1988:

  • Jones co-founds the Robin Hood Foundation, a non-profit organization that fights poverty in New York City. The Robin Hood Foundation has raised over $2 billion since its inception, and it is one of the largest and most successful poverty-fighting organizations in the United States.

1990:

  • Jones pleads guilty to illegally destroying protected wetlands on his hunting estate in Maryland. He is fined $800,000 and sentenced to three years’ probation.

1994:

  • Jones pays an $800,000 fine to the SEC to settle a claim that he violated securities law. The SEC accused Jones of making false and misleading statements to investors about the performance of his hedge fund.

2012:

  • Jones acquires Castleton Commodities International, a commodities trading firm. Castleton is a leading provider of agricultural commodities and energy products, and its acquisition adds a new asset class to Tudor’s portfolio.

2013:

  • Jones makes controversial remarks about female traders. In an interview, Jones said that women are “not as good as men” at trading, and that they are “too emotional” to be successful. His comments sparked a backlash from the financial industry, and he was forced to apologize.

2017:

  • Jones dissolves his friendship with Harvey Weinstein. Weinstein is a Hollywood producer who was accused of sexual assault by dozens of women. Jones was friends with Weinstein for many years, but he severed ties with him after the allegations were made public.

Present:

  • Jones continues to manage Tudor Investment Corporation and engage in philanthropic activities. He is a strong advocate for education and environmental protection, and he has donated millions of dollars to various charities.

Interesting Facts

  • He is a self-described “macro trader,” which means he trades based on broad economic trends rather than individual stocks or sectors.
  • He is a proponent of technical analysis, which uses historical price data to predict future price movements.
  • He is also a big believer in the power of compounding, which is the idea that small profits can grow exponentially over time.
  • Jones is a philanthropist and has donated millions of dollars to various charities, including the Robin Hood Foundation and the University of Virginia.
  • He is a controversial figure and has been criticized for his trading style and his remarks about female traders.

Some of Jones’ most famous trades include:

  • Shorting the S&P 500 during the Black Monday crash of 1987, which made him a $100 million profit.
  • Buying gold in the early 2000s, which turned out to be a very profitable trade.
  • Shorting the housing market in the years leading up to the financial crisis of 2008.

In recent years, Jones has been outspoken about his concerns about the global economy. He has warned that the world is facing a number of risks, including rising inflation, a potential debt crisis, and a global war.

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