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Threadguy reveals the one trait every great trader he’s met shares “I’ve been having a lot of dinners with these CT legend trader guys, the ones who’ve really done well, and a lot of them are not that impressive. They’re not like these hyper genius guys. But the one...

55,251 просмотров • 3 месяцев назад •via X (Twitter)

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“I've interviewed President Trump about his relationship with Xi Jinping. President Trump thinks they are friends. He thinks they really like each other. And he thinks that this friendship can get all sorts of things for him and for the United States. He thinks that President Xi is not going to attack Taiwan, because he wouldn't do that to his friend Donald Trump. That's how trump really thinks about it.” “Trump is also not a China hawk. In his first term, he had a lot of China hawks around, Pompeo and Pence and these kinds of guys. Not not so much anymore. And what Trump believes is that the U.S. and China should have sort of an agreement to sort of divvy up the world - spheres of influence - and then just sort of get along as much as possible. That's also what XI jinping believes.” “Now, the problem, of course, is that the on the Chinese side, they're doing a lot of things that threaten our national security, our public health, our prosperity. Then why the praise? Well, because Trump is not a China hawk. He doesn't really care about that kind of stuff. He thinks it's about business. It's about investment. It's about keeping the relationship in check so that he can pursue his other adventures, like in Iran, et cetera.” “And you could say that plays into XI Jinping’s hands. Because if you think about the things that are really threatening us. China's expanding militarily. They're interfering in democracies. They're stealing our intellectual property. They're providing intelligence to the Iranians to kill Americans in the Middle East. It's really hard to address those things when the main goal of your policy is just to keep everything copacetic.”

Josh Rogin

131,607 просмотров • 6 дней назад

Paul Tudor Jones predicted the 1987 crash and made $100 million shorting Black Monday. He is 71 years old and still trading. He just gave a new interview where he names the two things that will trigger the next 1987-scale event. Most traders are watching neither. Tudor Investment Corp, the fund he founded in 1980, has compounded at roughly 19 percent a year for 45 years. He is one of the four or five people alive who have done that continuously. The interview is with Patrick O'Shaughnessy. Jones's two warnings: One, the U.S. debt bubble. The government is running fiscal deficits at a pace historically reserved for wartime. He has seen bubbles before. He has never seen a debt structure that could not be reversed by a rate cut. This one, he says, is not reversible without pain that voters will not accept. It ends the same way every debt bubble in history has ended. Not this year. Not next. But it ends. Two, unregulated AI. He has been early on every major macro move for 45 years, and he says he has never been more concerned about a single technology in his career. He is not worried about AI taking jobs. He is worried about AI making mistakes at speeds no human can supervise. He has publicly called for regulation because he believes the alternative is a market event that makes 1987 look modest. His trading rule has not changed in five decades: "The most important rule of trading is to play great defense, not great offense." He does not try to be right. He tries not to lose. He sets stops tight. He cuts positions fast. He never averages down on a loser. His return record is not built on being clever. It is built on refusing to be dead. He also spent much of the interview talking about the Robin Hood Foundation, which he co-founded in 1988 to reduce poverty in New York. His advice for the next generation was to find significance outside of money. The last words of the interview are: kill them with kindness. A man who has shorted markets for 45 years ends every conversation with an argument for kindness. That contrast is the whole post. Greatness in markets is not a talent. It is a refusal. Refusal to be reckless. Refusal to be certain. Refusal to be indifferent. Tudor Jones has refused all three for half a century. The interview is free. The warnings are specific. Most people will scroll past both

Veles

91,408 просмотров • 2 месяцев назад