Paul Tudor Jones: 1987 video

BSD

Veteren member
Messages
3,819
Likes
988
Be sure to watch the two mini-videos in the link, unfortunately just short excerpts from his 1987 trading film.

New York Times
2007

Paul Tudor Jones II leans back in his chair and grins. The stock market is going to crash, and he knows it. “There will be some type of a decline, without a question, in the next 10, 20 months,” he says in his rich Memphis drawl. “And it will be earth-shaking; it will be saber-rattling.”

Coming from a financial speculator as prominent as Mr. Jones, a man with about $19 billion of short-term trading capital at his disposal, the words might be enough to send ripples through a stock market that, apparently defying logic, has been hitting new highs each day.

Except that the crash to which Mr. Jones refers occurred Oct. 19, 1987. His prognostication — brazen, and as impudent as the man himself — was made in a documentary called “Trader,” which was filmed in the year preceding that day.

Now, 20 years after the 508-point decline, several strategists are anticipating that the earth will shake again. Valuations are stretched beyond historical comparisons. The market, ever more volatile, is reaching new highs, ignoring a buildup of bad news. Most crucially, the strategists say, the sentiment that the market’s rise is infinite seems to have taken permanent hold.

At a time when hedge fund trading is dominated by computer trading programs and traders with Ph.D.’s, Mr. Jones, who got his start trading bales of cotton on the New York Cotton Exchange, is of the older style, relying on intuition, market smarts and the force of his personality. A macro trader, he is known for making big sweeping bets on the direction of stock exchange indexes, commodities and currencies....

Click: Continued...

Does anybody have the full version of his film ?
 
not related but, ITV4 tonight is showing the city billions in bonuses being rightly spent(repeat), and Joe public footing the bill followed by the film Rogue Trader, lol i will watch it, because I cant believe how crap it was first time round...... hardly wall st was it :p
 
Cb Rogue Trader is an excellent film.

Not too keen on Wall Street myself like but hey everyone to their own......
 
I actually do own the Tudor Jones video, though it isn't currently in my possession.

As for Rogue Trader, the book us much better.

Another enjoyable film, if somewhat over the top in terms of the trading action, is Dealers, featuring Paul McGann and Rebecca DeMornay.
 
I saw Rogue Trader at some point but never quite got the point about all the hoopla, I mean Leeson wasn't a trader in any sense of the word who'd be trading the banks money in a speculative way, he wasn't supposed to do any more than just put on positions for clients, wasn't he. The speculative trades that he did put on and that led to the downfall of Barings were A: not authorized, which is why he went to all that effort to hide them, and, B: unbelievably dumb, as in not only was he not cutting his losses, but actually kept on adding to them martingale style, hoping and wishing that the market would turn.

He wasn't a trader, and the unauthorized trades that he did put on were pure undisciplined wishful thinking.

Come to that, Wall Street isn't about trading either, is it, unless you'd call insider trading, umm, trading.
 
I actually do own the Tudor Jones video

We need to talk I think :cheesy:

Seriously, any good ?

Not expecting any great trading insights which I don't believe in anyway, but in terms of a fun and entertaining watch ?
 
Another enjoyable film, if somewhat over the top in terms of the trading action, is Dealers, featuring Paul McGann and Rebecca DeMornay.

Haven't seen that one yet but it's on my list. She was fantastic in that really great movie with Tom Cruise, Risky Business
grinning-smiley-003.gif
 
I saw Dealers a few years ago. I thought that was a pretty good film.........


There was also a fact based drama on a few months ago about a female trader who left on maternity leave and when she came back all her clients had been given to one of her colleagues. She was basically hounded out of the firm. I remember it being on the news as well. Forget the name but the girl who played her was Sarah ............. or other and is always on TV.

What about that pile of crap they put on called Nylon - didnt that have some element of trading about it.....
 
  • Like
Reactions: BSD
I saw Rogue Trader at some point but never quite got the point about all the hoopla, I mean Leeson wasn't a trader in any sense of the word who'd be trading the banks money in a speculative way, he wasn't supposed to do any more than just put on positions for clients, wasn't he. The speculative trades that he did put on and that led to the downfall of Barings were A: not authorized, which is why he went to all that effort to hide them, and, B: unbelievably dumb, as in not only was he not cutting his losses, but actually kept on adding to them martingale style, hoping and wishing that the market would turn.

He wasn't a trader, and the unauthorized trades that he did put on were pure undisciplined wishful thinking.

Come to that, Wall Street isn't about trading either, is it, unless you'd call insider trading, umm, trading.

That's why I thought the book much better. The film did a surface treatment. Much more depth in the book, which makes it way more interesting for someone interested in the markets and not just the story.
 
Not seen Rogue Trader so will watch that tonight.

Best 'business' film IMO is Barbarians at the Gate. Improbably stars James Garner :eek:, and not about trading (LBOs instead), but excellent and well worth looking out for (as is the book).
 
  • Like
Reactions: BSD
We need to talk I think :cheesy:

Seriously, any good ?

Not expecting any great trading insights which I don't believe in anyway, but in terms of a fun and entertaining watch ?

Quite entertaining I think. And there are some little trading insights here and there, though certainly nothing earth shattering.

Heck, it's 20 years old so you can get a good laugh at the clothes, hair, and what went for computers back then. :LOL:
 
Quite entertaining I think. And there are some little trading insights here and there, though certainly nothing earth shattering.

Heck, it's 20 years old so you can get a good laugh at the clothes, hair, and what went for computers back then. :LOL:

;) ;)

If ever you feel bored with too much time on your hands and want to put that up on youtube or some such I think our British friends here might put you up for a knighthood :D
 
;) ;)

If ever you feel bored with too much time on your hands and want to put that up on youtube or some such I think our British friends here might put you up for a knighthood :D

It would take more than time. It's a VHS tape. Would need to get it totally converted to digital format. And it's like an hour long (I think), so it would be a massive file. Not to mention potential copyright issues. I've heard rumors that Tudor Jones has bought back all the copies he could, though I'm not sure why that would be. Can't find it anywhere.
 
  • Like
Reactions: BSD
From what I've heard about the video might be that he's a bit embarassed these days with the gung-ho way he depicted himself in his young and wild years now that he's a leading statesman of the buy side ;-)

Appreciate that about the VHS conversion and copyright issues, though, makes sense.
 
Cb Rogue Trader is an excellent film.

Not too keen on Wall Street myself like but hey everyone to their own......

agree there mate, I dunno its been a long time since I watched it, but maybe it was the budget, compared to the gloss of wall st.. maybe Ewan wasnt stong enough worth a watch though see if its better second time around.

Maybe Clive Owen, could of delivered a better more convincing, (ooh **** how have I lost) role... yeah Clive Owen

cheers.
 
Guys what channel are you watching Rogue Trader on as i cant seem to find it
 
Oh-la-la Starting bid US$ 400 ;-)

That seems a tad much for what would just be a laid back fun video to watch for an hour or so, at least for me.

Thanks anyway for the info.
 
Top