This interview with Mr. Jones was insightful from a variety of perpectives. My favorite part is his definition of what can be considered good performance. Mr. Jones feels that a money manager or trader should return two to three times more than their worst drawdown, on average. This concept is similar to the Calmar ratio, which compares returns to drawdowns.
On our website, in the money management section, we allow users to run historical returns and drawdowns for a given risk level. A comparison of our returns to drawdowns, from Mr. Jones' perspective, can help one understand our performance.
Showing posts with label paul tudor jones. Show all posts
Showing posts with label paul tudor jones. Show all posts
Wednesday, July 14, 2010
Tuesday, July 13, 2010
Paul Tudor Jones - F word Speech
This speech given by Mr. Jones has some great advice...
My favorite part is, "Some things happen to you that at the time will make you feel like the world is coming to an end, but in actuality, there is a very good reason for it. You just can't see it and don't know it. When one door closes another will open, but standing in that hallway can be hell. You just have to persevere."
Things do happen for a reason...
My favorite part is, "Some things happen to you that at the time will make you feel like the world is coming to an end, but in actuality, there is a very good reason for it. You just can't see it and don't know it. When one door closes another will open, but standing in that hallway can be hell. You just have to persevere."
Things do happen for a reason...
Monday, July 12, 2010
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