Education
Jones graduated from elementary school Presbyterian Day School in Memphis. After that he continued his education at Memphis University School (junior high - high school) and then studied at the University of Virginia, earning a bachelor's degree in economics in 1976 and the middleweight boxing championship.
In 1976, he began working as a clerk in a broker and later became a broker for EF Hutton. In 1980, he was trading and gain profit.
He then went to Harvard Business School, was accepted, and then he thought: "It's crazy, because for what I have here, they are not going to teach me about any business skills in the business school."
He consulted with his cousin, William Dunavant Jr., for advice. Dunavant, whose Dunavant Enterprises has business is one of the cotton futures trader, hired brokers to trade on the New York Cotton Exchange.
Business measures
In 1980 he founded Tudor Investment Corporation which is now headquartered in Greenwich, Connecticut. Tudor Group, which consists of Tudor Investment Corporation and its affiliates, are actively involved in the investment and research in the global equity, venture capital, debt, currency, and commodity markets.
One of the success of Jones' earliest and major was predicting Black Monday in 1987, tripling his money increased because short sell position.
In 1987, made a movie that tells her "" TRADER: The Documentary. "This film shows Jones as a young man who predicted the 1987 black monday, using a method similar to the way Robert Prechter predictions.
Although the video shown on public television in November 1987, the number of enthusiasts who still watch sedikit.Di Internet, the video sold for $ 295. According to Michael Glyn, the video director, Jones requested in the 1990s that the video is removed in circulation. The video appeared on YouTube at the end of July 2009, before being removed again due to copyright infringement.
Jones company currently manages $ 17.7 billion of investment funds (as of June 1, 2007). Jones diverse investment capabilities are global macro trading, shares of equity investment in the U.S. and Europe, emerging markets, venture capital, commodities, event-drive strategy, and technical trading systems.
Jones, with his colleague Hunt Taylor, was instrumental in the creation of FINEX, variant product of the New York Board of Trade, and in the development of index futures contracts dollar.Dia also served as Chairman of the New York Cotton Exchange from August 1992 until June 1995.
Style & confidence in trading Jones
As written in the book Market Wizards, here is a trading style & confidence in Jones:
1. Trade by opening one position only. No need to hedge, and always ready to put a Stop Loss and Lose Cut.
2. Established itself as a major market opportunist. When he develops an idea, he pursues it from the point of view of the very low risk until he has been proven wrong repeatedly, or until he changes his perspective.
3. If possible, be a swing trader, which is the best time while waiting. Search above or below the current price, then go to the market.
4. If you've profit, get out of the market and have some fun. Exit the market in a state of loss is something that is not comfortable. There is nothing better than a new thought and understanding in trading. The key is to play with Stop Loss (great defense) is not left alone (major violations).
5. Never to be outdone the market continuously. Reduce the number of lots when floting loss (poor trading) and Rev the number of lots when trading goes smoothly.
6. Have mental steel. If the position of being a loss, should dare to cut lose. If the loss has occurred, exit the market immediately, continue trading tomorrow.
7. Have time to monitor the equity portfolio in realtime.
8. He believed in the movement of prices (technical analysis) and news fundamentals.
9. Do not care about mistakes made 3 seconds ago, but the important thing is what to do next.
10.Jangan be a hero. Does not have an ego. Always ask to yourself how your current skills. Do not ever feel that you are very good. If that's what you do, you will lose.
Generosity
Jones is the founder of the Robin Hood Foundation, a philanthropic organization that is supported by a hedge fund.
He founded and became chairman of the Excellence Charter School Foundation, to provide scholarships for children in the neighborhood can not afford Bedford Stuyvesant, Brooklyn, New York. He also founded and led the Bedford Stuyvesant I Have A Dream Foundation, which puts students at the local college.
He also has a company Grumeti Reserves in Tanzania Serengeti West area and was recently praised by the state parliament for the East African bushmeat hunting ban.
He also made a large donation to his alma mater, the University of Virginia, for $ 35 million, and also provide assistance to build a new basketball arena, named John Paul Jones Arena in honor of his father.
Jones is a former chairman of the foundation's National Fish and Wildlife Foundation and currently leads the Everglades Foundation.
Jones also has a large ranch in Kremmling, Colorado, where people with disabilities can go fishing and hunting.
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