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Paul Tudor Jones — who is it?

It’s actually a unique person. It’s a man called the Wall Street King. He is one of the best traders in the world and has a reputation for being a master in money management. Only 11 years ago his fund doubled the investment of clients.

He built an ultra-profitable business based on good risk management. According to the investor, this helped him to succeed.

However, despite such remarkable success, Paul Tudor Jones is not a private person, and there is not much information about him. It is known that he studied well, as well as boxing. At student competitions in this sport could even become a middleweight champion. He originally planned to work as an economist for one of America’s largest corporations, but fate decided otherwise.

At the age of 25, he opened his first investment fund and began to invest his savings there, but it was not enough. Jones then took a new path. He started raising funds from clients who were mostly his friends and acquaintances. Of course, he wanted to do without outside resources and remain independent, but so far he could not afford it. The investor simultaneously traded and acted as fund manager, inviting clients and partners. Oddly enough, even such a manager with little experience was able to succeed. In the first five years of its existence, the fund’s return was estimated at 100% per annum.

Paul gradually gained greater influence in the financial world. His main achievement was a position in the top of the highest paying futures traders of Wall Street.

The main rules in its trade:

  • The most important rule of trade is to play beautifully in defense, not in offense.
  • I can be stopped four or five times over the trade before it really starts moving.
  • What does it matter where you go is the current value of the premium and the risk.

Analysts believe that Paul’s success has several reasons. The first is repeated embedding into the market movement. Rather aggressive reception, which is a repeated re-entry into the position. The second — a neat attitude to losses. In addition, the investor is always confident in his opinion and all decisions are made according to him. Paul Jones is not afraid to move in the opposite direction to the trends. This helps him determine when the reversal will occur and in which direction.

Over the years, he has established himself as a master of money management. He was able to build a profitable business based on the principles of risk management. Now the entire financial world recognizes that Jones has talent. But he also earns due to his discipline and efficiency. Today, investors from 35 countries invest in his fund. These include not only banks and asset funds, but also individuals.

The author of the article, Andrey Mastykin, constantly shares new interesting research on his Twitter account, which we recommend you to familiarize yourself with.