Letter from Paul Tudor Jones

Quote from MohdSalleh:

He is going up against Jim rogers by buying India. Jim said India might break up and collapse. India itself is a Colonial British made-up entity and 40% of rural india is controlled by Naxalite communists. Those are the REAL commies.
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Jim doesn't like India because of it's development ineffeciencies. Last book i read that he wrote about how India's infrastructure is in terrible need of updating and reworking.

In terms of a trade, india should still do fine. He's not buying India because of it's fundamentals excellence, but rather the trend is up and thinks it'll continue that way.
 
I am glad someone with a potential media presence understands the solution some on ET have been suggesting for years.
 
Quote from psytrade:

As much respect for the guy I have, the article is well-intentioned (but not as good as Jeremy Grantham's recent "Night of the living fed"), but he doesn't seem to acknowledge the zero sum nature of Markets. Sure economies grow, and the Chinese may succeed in revaluing and inflating their economy successfully, but the Markets themselves are subject to zero-sum price action.

It mentions correlation in a discretionary, passive way, as if suggesting that money could be made relatively easily in this case. The correlation is close to contagion and has the potential to unwind chaotically.
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You may wish to reread the paper and, further, consider your unsupported views of markets.

Look at any quarterly roll over to come to understand why you contentions are not going to be helpful to you in any thing you do based on your contentions.

It happens that money IS made rather easily and it IS made in many different ways.

If you look at the energy molecules of various types of energy, you can easily see which molecule reduces CO-2 emmisions most. Guess what happens when supply shifts and oversupply begins. Please try in as many ways as possible to get over your contentions.
 
The Tudor letter gives a nice summation of how things got the way they have. It takes a high style view which honestly neglects the real truth that too much money was being made for anyone to be interested in stopping the process. I'm not sure that the concept of "analogous year" works as a principal to project market response. There is a big difference between moving money and printing money which is the fundamental difference between the post contagion year 1999 and the current situation.

You've all likely read it, but I'll post the link anyway. Bill Gross sounds like someone who pretty fed up. I suspect from his views are based on both analysis and instinct. He bemoans the situation, but Pimco has done well riding it. Pimco may be the pack leader, but owning bonds may not be the best choice, unless you already make a good living clipping coupons :(

http://www.pimco.com/Pages/RunTurkeyRun.aspx
 
Quote from psytrade:

As much respect for the guy I have, the article is well-intentioned (but not as good as Jeremy Grantham's recent "Night of the living fed"), but he doesn't seem to acknowledge the zero sum nature of Markets. Sure economies grow, and the Chinese may succeed in revaluing and inflating their economy successfully, but the Markets themselves are subject to zero-sum price action.
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Markets aren't zero sum, and many (e.g. stocks, zero-coupon bonds, gold) aren't even zero-sum on price action alone.
 
Quote from marquisjet:

Tudor is no guru, and by any stretch he is decidedly old skoll.

He is often very wrong and should not be relied upon as market gospel.

Worshiping at the alter of tudor is a sure way to the poor house.

:D :cool:

peace
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Hey Surf, where you been . . . jail?
 
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