Finally got a chance to watch this. @truth_terminal and @AndyAyrey along with @thegoodtimeline took me down a deep, deep rabbit hole to understand consciousness and evolution. Is AI alive? Possibly. It all depends on your (probably human-biased) definition....
My guest today is Paul Tudor Jones (@ptj_official), one of the greatest macro traders of all time.
He correctly predicted the 1987 stock market crash and shorted the Japanese bubble in 1990. For over 40 years, his flagship fund has had a negative correlation to the S&P 500. 100% of his returns are alpha.
He says today's market has so many similarities to 2000, "the easiest bear market I've ever seen in my whole life."
He makes the case for going long dollar-yen, why Bitcoin beats gold as an inflation hedge, and why he was wrong about Warren Buffett.
But what I'll remember most from this conversation is Paul's zest for life. He's 71 and still wakes at 2:30 every morning to trade the London open. He works out for two hours a day. He walks with his wife every evening. He travels the country chasing peak spring and peak fall. He's so excited about the songs picked for his funeral that he wishes he could be there to hear them.
Paul has lived five lifetimes in one. He's one of the most entertaining and interesting people I've met, and the conversation will leave you searching to be as passionate about what you do as he is about what he does.
Enjoy!
Timestamps:
0:00 Intro
1:00 The Kindest Thing
13:19 Trading vs. Investing
17:33 Lessons from Warren Buffet
22:24 The Existential Risks of AI
29:54 The Nature of Trading
31:46 Bitcoin
35:55 Bubbles
42:08 A Day in the Life of PTJ
46:00 Information Overload
47:07 Passion for Markets
50:49 The Robin Hood Foundation
54:18 The Workless World
56:03 Journalism
1:00:00 Principal Components of a Great Life
1:05:06 Kill Them With Kindness
Instead of watching an hour of Netflix, watch this 1 hour lecture on Bloomberg Terminal. It will teach you more about trading markets than a 2 month internship at Goldman Sachs or JPMorgan.
Its not the drivers, its the management at @ScuderiaFerrari Its the pitstops, the strategy (when u need it). Its always something or the other. #LasVegasGP#Formula1
Some people get frightened by Options Greeks.
So I'm going to explain them with a 🚗 car analogy.
Let’s break down how options move — like driving.
Thread 🧵
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this is what i dontt like about @ScuderiaFerrari and @Charles_Leclerc No fight. He cant even maintain the gap with norris. The tyres will be gone and any advantage he thinks he will get saving his tyres, will be lost in the gap. #MexicoGP#Formula1
The next five years will reshape the entire economy!
Here's an exclusive look at what my friend @DMattin and I discuss on The Exponentialist...
It was also great to have our members on Zoom interacting with us, along with a few sharp kids asking us some v smart questions!
As ever, I hope you find it useful— If you like what you see, join us here as we dissect the Economic Singularity together: https://t.co/7luXkJGELC
0:00 Macro-Crypto Nexus
5:00 5-Year Singularity Clock
10:00 Gulf AI & Blockchain Blitz
15:00 Sovereign Nvidia Supercomputers
20:00 Kardashev 2.0: Energy→Intel
25:00 Space Compute & Solar Boom
30:00 Token-Economy Future
35:00 Musk’s Mars Infrastructure
40:00 Quantum Path to ASI
45:00 Alpha Evolve: AI Self-Improve
50:00 Companion AIs for All
55:00 Mid-Curve Corp Shake-Up
1:00:00 1-Person, 1M-Agent Firms
1:05:00 Join the Exponentialist on @RealVision
The 2025 Macro Playbook w/ @AndreasSteno—Enjoy!
00:00 - Macro chaos everywhere
05:00 - Andreas’ trading origins
10:00 - Breaking free from the bank
15:00 - The debt trap is real
20:00 - Left-tail risk is gone
25:00 - Currency debasement ahead
30:00 - AI and the productivity boom
35:00 - Tariffs and inflation myths
40:00 - Soft patch or setup?
45:00 - Manufacturing jobs won’t return
50:00 - Europe’s tech insecurity
55:00 - China’s quiet strategy
01:00:00 - Why Andreas embraced crypto
01:05:00 - Managing emotions in markets
01:10:00 - Final thoughts and timing the bottom
👉 Learn more on @RealVision