“Regardless to man's title.
Regardless to man's rank, wealth or position, if the heart is not great then he cannot be great. But if the heart is great that man remains great under all circumstances, rich or poor, large or small, for it is the heart that makes one large or small.”
Avoiding confrontation is single behavior that will ruin your life
You must CONFRONT. Confront your problems, confront your avoidances, confront those behaving improperly
The only way out is through. And to blast through requires confrontation
Wemby crying and hugging his teammates with so much joy.
Bro might save this heartless league with his passion.
Havn’t seen someone be so obsessive to winning and love for the game since Kobe.
He made a fan out of me this year 🤝
Reporter: "To what extent are Americans' financial situations motivating you to make a deal?"
President Trump: "Not even a little bit…I don't think about Americans' financial situations."
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