Curated Interview With Paul Tudor Jones From Market Wizards

Curated Alpha is a new source of investment and financial data that I had picked up on a few weeks ago.  A very interesting approach that the author took in a recent post was taking detailed notes on a book Market Wizards: Interviews with Top Traders by Jack D. Schwager in which he breaks down each interview in digging out the points that he found most critical.  Call it the cliffs notes version of the book but I have found the author to be very insightful.

The first interview that I picked up on from Curated Alpha was the Curated Interview With Paul Tudor Jones from Market Wizards.  Paul Tudor Jones is a legendary hedge fund managers that unless your in the investment industry you may have never heard of.  Mr. Jones has been so successful that he can charge above the industry norm 2/20 structure which is 2% of assets under management and 20% of returns.

Mr. Tudor's focus is on daily trading in and out of position which is not highly recommended for typical investors which is why this sort of activity is left to the pros.  However his process in how he determines his positions and why he gets in and out of positions is very relevant to investors.  Very successful investors and traders generally have one main attribute in common with each other which is that they have a system or process for what they do.  You have good days and bad days with your trading process but the fact is that as an investor or trader you must have conviction in your system.  When you believe in things one way and invest in the opposite you can cause yourself some real damage.

Please reference the link above for details