In the 100-year history of the U.S. financial market, countless speculators have risen to prominence, but only one person has been able to make hundreds of millions of dollars at a very young age.

His name was Paul Tudor Jones.

Beginning in 1976, at the age of twenty-three, Paul Tudor Jones entered the industry as an agent, earning more than a million dollars in commissions the following year. At the age of twenty-seven, he left the brokerage industry and joined the cotton exchange as a live trader, earning tens of millions within a few years.

There are geniuses in the world, and no one can deny that Jones is a real genius.

But in the trading industry, the most indispensable thing is genius and meteor, anyone's trading career is not smooth sailing, unfortunately, money will be dizzying, the market obeys its own instructions, the illusion of controlling everyone's wealth, even life, will always make people empty.

It feels like an all-powerful God.

Does God Exist?

Feeling, there is.

In 1979, probably feeling that he had mastered the rules of the world and became a god, the twenty-nine-year-old Jones entered the long order, but as a result, he encountered a falling limit, and lost two-thirds of his funds when he came out of the flat order.

He was so frustrated that he almost completely lost faith in himself and almost changed careers.

Because, he thought that there was more at the bottom of the mountain, but he didn't expect it to be the mountainside, and the mountainside that he thought was the stop loss became the bottom of the mountain. It was a terrible feeling, like someone watching the money in his account loot, with unmistakable precision.

Is this a tragic stock market?

No.

It's an inspirational story.

Or rather, it's a story of genius realization.

Since then, he has learned to manage risks and abide by principles.

Four years later, he left the exchange to found the Tudor Fund, starting with $1.5 million. In another four years, the share invested in his fund has increased to more than 1,700 US dollars.

Seventeen times more!

In October 1987, the global crash, with the Dow Jones falling by 23 percent, the Nikkei falling by 28 percent, and the terrible plunge in the global financial markets caused most of the world's investors to lose a lot. But that month, Paul Tudor Jones' Tudor Fund received 62 percent.

By early 1992, the total amount of Tudor funds had grown to $6 billion. If it weren't for the fact that Jones stopped accepting new investments at the end of '87 and began to distribute profits, six billion dollars would have been absolutely unstoppable.

That's right, it's a genius.

A genius who is worth more than a billion dollars at the age of thirty-eight and manages billions of dollars. But...... Genius does not mean that you will not make mistakes, and genius also has moments of confusion.

USD/ECU，81.076

Watching the price of the dollar fall for half a year, Jones habitually touched his somewhat bald head.

At the beginning of this year, judging from all aspects of the data, the U.S. economy continued to improve, the housing market picked up, the stock market rose, the unemployment rate fell sharply, and the number of people receiving benefits continued to decrease.

This means that the Fed will definitely raise interest rates.

In the European market, affected by the changes in Eastern Europe, the economy continues to languish, the unemployment rate is rising, and the central banks of various countries do not know the only option.

If the Fed continues to raise interest rates, then the narrowing of the interest rate differential between Europe and the United States will reverse the early weakness of the dollar, and now the biggest enemy of the United States has fallen, this country has no rival in the world, according to the Fed's interest rate control cycle, as capital is attracted by interest rates back to the United States, then the dollar will inevitably continue to rise,

So, Tudor funds came in and bought a lot of dollars.

Results..... Two months ago, the Federal Reserve actually cut interest rates, while the dollar came out of a record low in the last fifteen years.

Looking at the huge losses facing the fund's account, Jones grabbed the newspaper on the table and looked at it.

Wall Street Journal

On the front page, an old man in a black suit, thinning hair, and buttoned glasses was holding his body upstairs, and it looked as if a gust of wind could blow him down.

But Jones knows deep down what a bastard this old guy is.

That year, that year he made huge profits by shorting the Dow Jones and the Nasdaq according to his own definition of the fear index, but the speech of this guy in the newspaper caused the stock market to stop falling and rebound, and he vomited a lot of profits.

Alan Greenspan.

"Judging from the data, although the U.S. economy has entered a recovery cycle, but affected by the European and American markets, the U.S. economy has shown signs of decline in the past two months, the most obvious is that the procurement index has decreased and wages have not been raised, in view of various factors, the Federal Reserve does not rule out the possibility of cutting interest rates at next week's interest rate meeting. ”

With the newspaper in his hand, the more Paul Jones read it, the more he felt that he had been given a dog by the sun.

Four years ago, it was Alan Greenspan who made him vomit huge profits in the short market, and now it is Greenspan who has made huge losses in his long dollar positions.

"Politicians on dog days. ”

Aggrieved and dropped the newspaper in his hand, Jones scolded indignantly.

U.S. economic data has been very good this year, and all the data suggests that the economy is entering a healthy cycle and is about to get better.

However, the Fed said that there are hidden dangers and sluggishness in the economy, and interest rates need to be lowered.

This is lying.

Why lie?

As a speculative genius of a generation, Jones will not see anywhere now, and everything is aimed at putting pressure on the European monetary unit.

The U.S. dollar is the world's largest reserve currency, the value of the U.S. dollar directly affects the economy of various countries, and now European countries have signed the "Maastricht Treaty", and when the Maastricht Treaty comes into force in November next year, European countries will become a whole, and its monetary unit will become the biggest threat to the U.S. dollar.

This is absolutely unbearable.

What to do?

The United Kingdom and Italy are the core countries of the European Community, but now their economies continue to be sluggish, and they are in great need of loose monetary policy to stimulate inflation.

But now, they have to maintain the fluctuating trajectory of the ECU.

If the dollar depreciates, then the value of the ECU currency will rise, and the value of the currency will rise, which will bring huge pressure on the export of goods, and this pressure will be transmitted to the economy, which will make the already stressed economic system more difficult to bear, and when the critical point is crossed, this point will explode like a balloon.

Moreover, the Bundesbank has always insisted on a tight monetary policy, which is like a thorn in the hearts of Britain and Italy.

If the dollar lowers interest rates at this time, then it seems to be putting pressure on the pound and the lira, at least, the easing of interest rates will not allow British and lira assets to flow into the United States.

Thinking about this, Jones frustrated himself and picked up his cigarette and lit it, he found that he was afraid that he would have to be pitted by this Jewish bastard this time.

A genius is a genius after all, smoking a cigarette, Jones forced himself to cheer up, he knew very well that in this market, the only secret to success is detachment, anything that happened is a thing of the past, what happened three seconds ago does not matter, the key is what to do next.

After thinking about it for a moment, he extinguished the cigarette butt in his hand, picked up the phone on the table, and dialed it.

Soon, the phone was connected, and Depp's voice came clearly through the earpiece.

"Hey. Hello. I'm John. ”

"John. It's me. Close all of our USD positions right now. Right away. ”

"What happened?"

"We did something stupid. Listen to me, I'll explain to you when I have time, now close all USD positions and open enough lira and pound short positions. ”

"Enough, how much is that?"

"All. Six billion dollars!"

"Oh mma. Paul, are you sure? I don't know how to explain it to the client. ”

"John, trust my judgment. As for the rest, you don't have to explain, just say that this is my will, and they will understand you. ”

“......”