A documentary about Paul Jones as a hedge fund manager back in the 80s (pre 1987 crash). This video is very rare since it has been pulled out due to copyright issues.
There are many lessons you can gain from this. One favorite of mine is
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That’s why most people lose money as individual investors or traders because they’re not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they’re going to make. Then they will be incredibly successful investors."
I don't know how long the video will last..so enjoy it soon.
http://eminiaddict.com/?p=5592
There are many lessons you can gain from this. One favorite of mine is
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That’s why most people lose money as individual investors or traders because they’re not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they’re going to make. Then they will be incredibly successful investors."
I don't know how long the video will last..so enjoy it soon.
http://eminiaddict.com/?p=5592
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