Source: MoneyKraft
Categories
Put idle cash to work
Source: MoneyKraft
Source: MoneyKraft
Some stuff that I am reading today morning:
KBC 5 Crore winner goes broke (HT)
How rich Indians are investing in startups (ET)
Investors buy big into the HDFC Bank story (FE)
HDFC Sec Research Report:UPL (MyIris)
Travails of a trader (Prashant)
5 reasons you deserve to lose every penny in the stock market (BCLund)
Harvard tells Profs not to sleep with undergrads (Bloomberg)
Seth Klarman:What I’ve learnt from Warren Buffett (FT)
Why does Bill Gross have a financial advisor? (CommonSense)
Bill Clinton’s son-in-law blows up his fund on Greece (RT)
Q: Let’s play a word association game. I’ll say a word and you say whatever comes to mind.
Q: Technical analysis
Paul Tudor Jones: Made well over half the money that I’ve made in my lifetime.
Q: Fundamental Analysis
Paul Tudor Jones: Made the rest.
Q: Are you better at one or the other?
Paul Tudor Jones: Probably technical analysis.
Q: Market efficiency
Paul Tudor Jones: No such thing.
Q: Long Term Capital Management
Paul Tudor Jones: Icarus.
Q: Black Monday
Paul Tudor Jones: It was like watching a natural disaster from the sidelines. I was intimately involved in that day, but the macro implications of what was happening overwhelmed any personal considerations that I had.
Q: Warren Buffet
Paul Tudor Jones: His aversion to paying taxes made him a great investor.
Q: Kids
Paul Tudor Jones: The most fun you’ll ever have.
Q: Environment
Paul Tudor Jones: The second most fun you’ll ever have.
Q: The Internet
Paul Tudor Jones: A wonderful delivery mechanism that’s overhyped.
Q: Day Traders
Paul Tudor Jones: 95% losers.
Q: Wall Street
Paul Tudor Jones: The last great frontier. I went there with nothing. You can go there with nothing and do whatever you want to do.
from Paul Tudor Jones Interview