Market Legends Ep.2: Paul Tudor Jones: The Man Who Saw Black Monday Coming | In The Money by Zerodha

Start your investing journey for free! Open a zero-brokerage Demat and trading account with Zerodha to invest in Stocks, Mutual Funds, ETFs, and Bonds: https://zerodha.com/open-account/?c=Z... In 1987, Paul Tudor Jones spotted a striking similarity between the stock market of the 1980s and the 1920s. The correlation was reportedly close to 90%. What followed was one of the most remarkable years in trading history. In this episode of Market Legends, we explore the story of Paul Tudor Jones, the legendary macro trader known for his approach to risk management and his role during the 1987 stock market crash. From an early career setback in cotton trading to the lessons he took away from Silver Thursday, we look at the experiences that shaped his trading philosophy. How did Jones approach risk? What did he learn from his early losses? And what can his career teach us about surviving the markets over the long run? I'm your host, Sandeep Rao (SEBI Registered Research Analyst - INH000013059). Chapters: 0:00: The 1980s vs. the 1920s: A chart comparison that raises a fascinating question about market history 1:48: Meet Paul Tudor Jones, the legendary trader at the centre of this episode of Market Legends. 2:06: Chapter 1: Memphis: The family, early influences, and childhood experiences that shaped Jones. 4:25: Chapter 2: Learning the Game: From his first lessons in the cotton market to two experiences that changed his approach to risk. 8:39: Chapter 3: Going Out on His Own: How Jones moved from the trading floor to building his own investment firm. 11:54: Chapter 4: How and What He Traded: A closer look at Jones' trading strategies, market approach, and principles for managing risk. 14:41: Chapter 5: The Trade of His Life: Black Monday: The historical pattern that caught Jones and his team's attention, and the trade that followed. 16:24: Chapter 6: Life After Black Monday: The challenges, changing strategies, and experiences that shaped the decades after his most famous trade. 17:47: Closing: Final takeaways, references, and closing thoughts. Books mentioned: Beyond Greed — Stephen Fay https://www.amazon.in/Beyond-Greed-St... Market Wizards — Jack Schwager https://www.amazon.in/Market-Wizards-... Documentary referenced: Trader (1987) — PBS    • Paul Tudor Jones Documentary   Article referenced: Quotron Man https://www.afr.com/politics/quotron-... Podcast referenced: Invest Like the Best — Paul Tudor Jones    • Legendary Trader Paul Tudor Jones on AI Ri...   If you prefer reading, we've written a post about this episode here: https://inthemoneybyzerodha.substack.... Do check out our newsletter "Aftermarket Report" where we do a quick daily wrap-up of what happened in the markets, both in India and globally. here: https://aftermarketreport.substack.com/ Check out Varsity Live, a hands-on way to learn finance with experts. Instead of only listening, you practice in real time through activities like personal finance planning, technical charting, balance sheet analysis, and more: https://varsitylive.zerodha.com/home Disclaimer: Investments in securities are subject to market risks. Please read all related documents carefully before investing. SEBI registration does not guarantee the performance of the intermediary or assure returns to investors. The securities mentioned are for illustrative purposes only and do not constitute a recommendation. By proceeding, you acknowledge and agree that any returns shown on this platform are solely for informational purposes. They are not intended to serve as advertisements or promotional material, nor should they influence your investment decisions. Trading and investment decisions should be made at your own discretion, and it is strongly advised to consult a qualified financial advisor before acting on any information provided. About Zerodha At Zerodha, we simplify complex financial topics to empower you with the knowledge to make smarter investment choices. Whether you're just getting started or looking to sharpen your skills, we're here to help you navigate the financial world with clarity.