Paul Tudor Jones II Biorgaphy
Stock Market History
Futures trader Paul Tudor Jones II is the founder of the Tudor Investment Corporation hedge fund. He is probably most famous for predicting and profiting from the 1987 stock market crash.
 
The Cotton Exchange, New Orleans, 1873
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Jones was born on September 28, 1954 in Memphis, TN. He attended the University of Virginia where he earned his undergraduate degree in 1976. That same year, he was hired to work as a clerk on the trading floor. From there, Jones went on to become a stock broker for E.F. Hutton. Jones traded on his own for a couple of years in the early 80s until his cousin William Dunavant Jr., the proprietor of Dunavant Enterprises--one of the world's largest cotton merchants, set up a meeting between him and commodities broker Eli Tullis. Tullis hired Jones and taught him to trade cotton futures at the New York Cotton Exchange. Paul Tudor Jones later credited Tullis with teaching him how competitive the markets are and how to handle the emotional highs and lows of trading. In 1980 Jones founded the Tudor Investment Corp. which has become a multi-billion dollar asset management firm. Headquartered in Greenwich, CT, the hedge fund invests in the debt, venture capital, currency, and global equity markets. His most famous stock market prediction is that the markets would crash in 1987. Jones was so confident in his belief that he took large short positions during the
1987 stock market crash
and tripled his money. It is interesting to note that he failed to trade the housing meltdown that began in 2007. In a 2008 interview he said, "I missed the subprime opportunity of 2007. It rankles me every time I hear the term." In 2007 Forbes Magazine ranked him the 369th richest person in the world. As of 2009, his estimated net worth was $6.3 billion.
Paul Tudor Jones Video
In 1987, PBS made a film about Jones. "TRADER: the Documentary" aired on public television in November 1987.Jones allegedly took steps in the 1990s to remove the video from circulation as in it he discusses the stock market prediction methods he used to forecast the Black Monday stock market crash. At one time traders were paying close to $300 to buy copies on the internet. You can view it for free
HERE.
Stock Market History Graph
This stock market history graph is a 100 year chart of the Dow. The 25 year moving average included on this chart will help investors in making predictions of future market performance.
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