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GeniusThinking
@GeniusGTX
Celebrate the human genius and understand who runs the world. Bullish on humanity. The private content partner for world class tech/ai founders.
参加 January 2023
75 フォロー中    285.9K ファン
In 1987, legendary investor Paul Tudor Jones saw the crash coming. The next day, he made the worst call of his life... Not because of the data - but because of ONE chart from 1929. If you're betting on the next crash, read what his wrong call is still building: October 1987. The stock market broke, exactly as Jones had expected. He didn't stop at the crash. He kept reading the same chart: "I thought for sure I'd been looking at the parallels in 1929 for a year. All of a sudden it happens. I think oh my god this is a perfect replay, a perfect analog." And 1929 had a sequel... A depression would follow, and poverty with it. Jones looked for someone already fighting it: "There really weren't any charities focused on fighting poverty, which I thought was going to be rampant at the time." So he took the trade himself: "I called up my friends and we began it." They named it Robin Hood. It started very small, run on what he calls "basic business principles." Then came the twist. The depression never came. Robin Hood stayed. It has since put about $3 billion into fighting poverty in New York City. Jones got the depression wrong. He's still fighting the poverty. What did your worst call end up building? If you're new here, @GeniusGTX is a gallery for the greatest minds in economics, psychology, and history. Follow along for more similar content. — Paul Tudor Jones ( @ptj_official ), founder of Tudor Investment Corporation, on Patrick O'Shaughnessy's ( @patrick_oshag ) Invest Like the Best
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