When Markets Go Rogue: What Paul Tudor Jones Can Teach Us About Risk Management In 1987, on Black Monday, Paul Tudor Jones made $100 million by betting against the collapsing market.
His feat was a testament to his prescience, but also to a crucial principle: playing great defense. Jones' success wasn't solely due to his genius level market predictions or access to advanced data and analysis.
Rather, it was rooted in his understanding of the inherent uncertainty of markets and his willingness to build an investment strategy around it. As he has said, "Every day I assume every position I have is wrong.