Legends of Trading- Paul Tudor Jones

Paul Tudor Jones is one of the most famous and recognisable traders in the world. His fund, Tudor Investment Corporation, has around $10 billion in assets under management and Jones himself has an estimated net worth of nearly $5 billion.

He shot to fame in the 80s when he successfully predicted the Black Monday crash in 1987, as shown in the classic documentary called “Trader”.

Jones became a trailblazer in the area of global macro investing and was a big reason behind the meteoric rise of the hedge fund industry.

This is his story…

Early Years

Paul Tudor Jones was born in Memphis, Tennessee on 28th September 1954. He stayed in Memphis for his early education. His father ran a financial and legal trade paper, which Jones would write articles for while he was at college, under the pseudonym “Eagle Jones”.

It was at this time that he claims to have read an article about Richard Dennis, the successful commodities trader who famously trained the Turtle traders. This article left a big impression on him.

“I thought that Dennis had the greatest job in the world”.

Paul eventually moved to Charlottesville to study economics at the University of Virginia. He…