Money Men
#2: How to Never Blow Up: Paul Tudor Jones
Episode Summary
Paul Tudor Jones built an empire on one rule: don’t lose money. He never averaged a loser, never fought the tape, and never trusted ego. This is the story of the man who proved that in trading, defence always wins.
Episode Notes
This episode is about Paul Tudor Jones — the hedge fund legend who turned defense into an art form.
He’s best known for predicting the 1987 crash and returning over 200% that year — but the real lesson from Jones isn’t how he made money, it’s how he kept it.
What to expect in this episode:
- How a boxer’s discipline became a trader’s edge
- Why he says: “Don’t focus on making money. Focus on protecting what you have.”
- The moral foundation from his Memphis upbringing that shaped his risk mindset
- Lessons from Eli Tullis — the mentor who taught him composure under fire
- The decision to quit a lucrative brokerage job because it “lacked accountability”
- His 10% monthly drawdown rule — and why it keeps him in the game
- The power of humility: “Every day, I assume every position I have is wrong.”
- How he turned the 1987 crash into his defining moment
- Why generosity and gratitude are essential to staying balanced in markets
- The timeless truth: great trading is not about being right — it’s about not dying.
Books & Resources Mentioned:
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