Everything Paul Tudor Jones said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Modelers say AI safety action requires 50 to 100 million deaths
“What's so scary when I was at this conference, which is only about 35 or 40 people, with one modeler from the four biggest model companies, and when I was able to ask them pointedly,
How do you think that AI safety gets resolved?
The, pretty much the consens…”
Jerome Powell kept policy easy to secure Biden reappointment, says Jones
“Powell, he overstayed being easy way too long because he wanted Biden to reappoint him.”
Paul Tudor Jones: Bitcoin is unequivocally the best inflation hedge, beating gold
“Bitcoin is unequivocally the best inflation hedge that there is, more than gold, because Bitcoin is finite. There's only so much Bitcoin that can be mined.”
Paul Tudor Jones: The US President must urgently lead global AI regulation with China
“If there ever was a leadership position that needs to be taken by any, ah, president, it's on AI regulation right now, not just the United States, but convening with China, with all the other our purveyors are, to make sure that we don't do something that has …”
Paul Tudor Jones: Mandating AI watermarking with felony penalties is essential
“The one thing that I think should be part of this next election, the simplest, most important thing that we can do is we can demand that all AI is watermarked. That's the single most transformative thing that we could possibly do for the country, for the world…”
Jones: 1987 crash was 100% caused by derivatives and portfolio insurance
“1987, that crash was 100% portfolio insurance. Hundred percent. Had they had limits, Which they didn't. It had been a 10%, maybe 15% max, but that was a hundred percent derivatives.”
Buying the S&P 500 at 22 P/E yields negative ten-year returns
“The problem is that if you buy the S&P at this current valuation, the ten-year forward returns negative when you buy the S&P of 22. That's what history shows.”
Paul Tudor Jones believes 70% of great trading ability is genetic
“We had a dinner about, I guess it was a year ago Christmas, and I had four or five of my best risk takers at dinner, and we had the debate, is, is, ah, a great trader's born or made? I'd say it was unanimous agreement at the table that 70% of it is, ah, is nat…”
Jones: AI Replacing Jobs Will Be Society's Biggest Challenge in 4–5 Years
“I think that's going to be the biggest challenge potentially in four or five years is what do we do when so many of our jobs have been replaced by AI.”
Paul Tudor Jones: The Japanese yen is ripe to rally sharply
“Again, the Yen's a great example. It's been completely undervalued for the past 24 months. Way off sides. It's so ripe to rally sharply, but it needed a catalytic moment, and that catalytic moment was this new president that was just, a new prime minister that…”
Witnessing Hunt's silver crash made Paul Tudor Jones never trust assets
“Right then and there, I would never own anything or trust anything for the rest of my life.”
Jones: 100% of his fund's investment returns are alpha
“In trading, so a hundred percent of our returns are alpha, a hundred percent”
Paul Tudor Jones: AI risks would have been contained long ago under Tudor's risk standards
“If this was, I can tell you, if this was anything to do inside Tudor, this thing would have been so contained so long ago.
I mean, that's what a good risk manager does, and yet there's zero risk management here.”
Paul Tudor Jones: US stock market capitalization is at 252% of GDP
“When I say leveraged, we're 252% of stock market cap of GDP. So, in 1929, we were, I think at the top, we were 65%, and then in 87, we got to about 85 or 90%. In 2000, We got to a 170%, and now we're at two 52”
Paul Tudor Jones: College journalism courses are better than business school degrees
“I have long maintained that better than a business school degree, Journalism, one-on-one, should be a mandatory subject in every college, which is newspaper running in particular.”
Paul Tudor Jones is long gold, Bitcoin, commodities, and the NASDAQ
“I'm long gold. I'm long Bitcoin. I think commodities are so ridiculously under owned. So I'm long commodities. I think most young people find their inflation hedges via the NASDAQ. That's also been great. It's probably some combination. I probably have some ba…”
Jones: The greatest fortunes are made by riding long-term trends
“My number one bullet point is, you're gonna make your money by riding a trend. For the very, very longest time.”
Paul Tudor Jones's BBI fund holds -0.12 S&P correlation over 40 years
“I just take, ah, our fund, which, ah, BBI fund, for 40 years it has a -.12 correlation with the S&P 500.”
Paul Tudor Jones: Successful investors and traders are first and foremost risk managers
“Anyone that's really succeeded in investing or trading is first and foremost a great risk manager.”
Jones: Macro Traders Must Wait Patiently for Rare, Highly Material Openings
“You have these incredible opportunities at times if you just sit and wait. The whole time in the interim, some of it you're just gathering information, looking for those openings. You're always trying to make progress. You're always trying to win the round, bu…”
Paul Tudor Jones: Currencies jumped 10% after Reagan, Thatcher, and Trump elections
“If you look at what those local currencies did, they all appreciated pretty quickly 10% off the bat.”
Jones: Information Overload Distracts Macro Traders from Exquisite Execution
“I think today, for me at least, It's just a lot, lot harder, I think, because the information overload distracts me from exquisite execution.”
Jones: Great Traders Are Type A, Inquisitive, and Love Games of Probability
“If I had to pick out the number one traits. Type A personality. Incredibly curious and inquisitive. And loves, loves competition, loves games. Because again, the whole, our whole business is just another form of probability theory.”
Jones: Finance philanthropy shifted from arts to poverty relief post-1987
“In the eighties it was completely different. Everyone wanted to be associated with the Philharmonic, and these are all great, but they wanted to be with the named social charities. And I'd say after the crash everyone found their significance by helping others…”