Chapter 267: Zhang Junyi's Chief Trader

It is said that since Zhang Junyi chose Chris Columbus as his first film "Home Alone" in Hollywood, as Chris Columbus quickly prepared the crew's preliminary preparations, the entire crew immediately went to Chicago for the filming of the movie. Pen ~ fun ~ pavilion www.biquge.info

However, as the producer and investor of the crew, Zhang Junyi did not go to Chicago with the crew, but secretly came to New York under the protection of bodyguards.

Hilton New York, Presidential Suite, Zhang Junyi sat on the sofa in the living room, holding a glass of crystal clear red wine in one hand, while looking at the young man sitting opposite him.

This young man, who looks less than thirty years old, is very upright sitting in front of Zhang Junyi, and his face is a little cynical, but if you look at his eyes carefully, you can find a trace of admiration and fiery admiration for Zhang Junyi from his eyes.

This young man was Paul Tudor Jones, a trader at the New York Cotton Exchange under his command, when Zhang Junyi first arrived in the United States.

Although Paul Tudor Jones was nearly ten years older than Zhang Junyi, there was still a hint of immaturity on his face.

For Paul Tudor Jones, Zhang Junyi can be said to attach great importance to it, after all, in Zhang Junyi's memory, in the future, Paul Tudor Jones will be the top figure on Wall Street.

In Zhang's previous life, in October 1987, most of the world's investors lost a lot, but in the same month, Paul Tudor Jones's Tudor Fund made a 62% gain. And the most frightening thing is that Paul Tudor Jones has been doing a consistent job, he has maintained triple-digit growth for five consecutive years, and at the end of 1992, when the European monetary system was in crisis, Jones made a profit of more than a billion dollars in the foreign exchange market in a few months.

Paul Tudor Jones started as an agent in 1976 and earned more than $1 million in commissions the following year. But his trading career has not been without its challenges.

In 1979, he was brave for a while, and he bought too many orders at one time, and as a result, he encountered a fall 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. Since then, he has learned to manage risks and abide by principles. In 1980, Jones went to the New York Cotton Exchange as an on-site trader and made tens of millions of dollars within a few years.

In 1984, Paul Tudor Jones left the exchange and founded the Tudor Fund, starting with $1.5 million. Four years later, every $1,000 invested in his fund has grown to more than $1,700. By the end of 1992, the total amount of Tudor funds had grown to $6 billion. If it weren't for Paul Tudor Jones, who stopped accepting new investments at the end of 1987 and began to distribute profits, 6 billion would have been untenable.

Paul Tudor Jones is a new starting point every day, what you earned yesterday is a thing of the past, and today you start from scratch. Losses cannot exceed 10% per month. When it was easy, Paul Tudor Jones could go on for more than ten months without losing money. Triple-digit annual growth rates are commonplace for him. As a result of the risk control method, Paul Tudor Jones's fund was able to make a profit even if the analysis was wrong.

At the beginning of 1992, Paul Tudor Jones believed that the US interest rate cut had come to an end, that European interest rates would fall, and that the narrowing of the interest rate differential between Europe and the United States would reverse the weakening of the dollar. As a result, Tudor funds entered the market and bought a large amount of dollars.

At the beginning, it was relatively smooth, and the dollar really strengthened by a few hundred points. However, soon news of the sluggish US economy spread, and the dollar fell sharply against European currencies until it reached an all-time low. Paul Tudor Jones was able to avoid a bigger loss by cutting orders in time when he realized that things were not right. At the same time, he patiently waited for the moment to recover his losses. At the end of the year, when the European monetary system was in crisis, and currencies such as the British pound and the Italian lira fell sharply, Paul Tudor Jones entered the market in time to sell foreign currencies and made hundreds of millions of dollars in one month.

If it weren't for the fact that Zhang Junyi knew what Paul Tudor Jones had achieved in later generations, he would not have known that the somewhat nervous young man sitting in front of him would become one of the top predators on Wall Street in the future.

Even now, Zhang Junyi has put a lot of effort into recruiting this future top trader. It was not very difficult to find Paul Tudor Jones, and through memory, Zhang Junyi's people quickly found Paul Tudor Jones at the New York Cotton Exchange.

Every genius will have the arrogance and self-confidence that ordinary people do not have, and Paul Tudor Jones is of course no exception, and finding Paul Tudor Jones does not mean that Zhang Junyi can quickly subdue him and quickly take him over.

To say that Zhang Junyi can recruit this famous financial genius who is sitting in front of him, it is not easy, but fortunately, Zhang Junyi has made quite adequate preparations before this.

First, Paul Tudor Jones, a genius who had just emerged in the financial markets in recent years, signed a non-disclosure agreement for a check of $5 million.

The price that Zhang Junyi paid to Paul Tudor Jones for the $5 million check was that after Paul Tudor Jones had read the information he had given him, whether he would become his subordinate or not, as long as he did not disclose any relevant content of the information after leaving.

As for the content of the information that Zhang Junyi showed to Paul Tudor Jones, it is that Zhang Junyi has operated all the actions he has operated in the financial market from the beginning to the present, from the beginning of the time to mortgage the real estate to buy stocks, to the shorting of silver futures。。。。。。 Until the final financial crisis in Xiangjiang, the specific content of each of Zhang Junyi's operations is in this information.

In fact, in addition to Zhang Junyi himself and Zhou Huaiyuan, who helped him operate at that time, Paul Tudor Jones is the third person who knows the specific content of his actions in the financial market.

Therefore, it can be said that in order to recruit this one of the best financial geniuses in the future, in addition to the matter of his own soul crossing, Zhang Junyi exposed everything he had to Paul Tudor Jones, basically in order to recruit Paul Tudor Jones Zhang Junyi can be regarded as a ruin.

In front of this information, coupled with the interest of one percent of the shares given by Zhang Junyi, Paul Tudor Jones can be regarded as truly invested in Zhang Junyi's command and became the most indispensable member of Zhang Junyi's economic kingdom in the future.

In fact, in the future, Paul Tudor Jones is not the only one on Wall Street who has achieved such achievements, and there are still a few in Zhang Junyi's memory who are comparable to Paul Tudor Jones, but Zhang Junyi chose Paul Tudor Jones only for a reason.

The reason why Zhang Junyi is most optimistic about Paul Tudor Jones is that Paul Tudor Jones's financial concept is more in line with Zhang Junyi's requirements.

Paul Tudor Jones's most important principle in later generations was to add orders unequally. After a batch of orders enter the market, the market reverses to indicate that there may be a problem with the judgment, although the average price of blindly adding a single is slightly better, but if the party asks the wrong question, the new single is just wrong and wrong.

This point is particularly valued by Zhang Junyi, to take the simplest example, Paul Tudor Jones's principle is the most vernacular in the casino, that is, Paul Tudor Jones never loses in a hurry, this is the most critical stop loss.

In the financial market, it is actually the same as in the casino, the best elite should maintain a normal heart in any situation, these words are simple, but it is quite difficult to do, even Zhang Junyi himself If he does not have the golden finger of the memory of his previous life, he will not be able to do it.

Only by having a normal heart can we accurately analyze the most reasonable decision at a certain moment at the most critical moment, otherwise no matter whether or not it is profitable in a certain action, this person will never be able to do the top in this industry, and it is very likely that he will be penniless again in an action, or even jump off a building to end his life in debt.

Why is it that every time in the midst of an economic crisis, there are a group of professionals engaged in finance who judge themselves in various ways, that is, they can't add orders unevenly, that is to say, they can't do it with a normal mind.

Let's take Paul Tudor Jones as an example, Paul Tudor Jones has always emphasized that the most important thing in the future financial markets is defense rather than offense. Every day, he assumes that every order he enters is wrong, and sets a stop-loss level in advance, so that he knows how much he will lose at most once.

Paul Tudor Jones was never reckless, let alone conceited, he never stopped doubting yourself and his abilities before every operation, and he was never arrogant.

Because he knew that he would be doomed if he was blown away, it was not to say that Paul Tudor Jones had no faith in himself, but he believed in him, but it would be in moderation. Paul Tudor Jones is more and more afraid of his own business, because he knows how hard it is to keep up the results, so he knows that every big loss is often when he feels good about himself after making some good orders in a row, so he never feels good about himself in the process.

And Paul Tudor Jones's single-making strategy is often different. He is unwilling to follow the crowd, rarely chases the trend, and always likes to make money when the trend is turning. He is the biggest opportunist of all. As soon as he sees such an opportunity, he goes in to the bottom or drops the top. If you make a mistake, you will cut the order immediately, and then try again, often after trying a few times and start to make a lot of money.

Many years later, Paul Tudor Jones said in an interview with Time magazine that it was he who made a clear decision back then, and because of this decision, he became the object Paul Tudor Jones is what he is today. This sentence

Because the time had come to the middle of March 1982, under the remote command of Zhang Junyi, Paul Tudor Jones had completed all the preparations for the 12 shell funds established by Zhang Junyi, and the $2 billion raised by Zhang Junyi had all been covertly flowed into these 12 funds, and the 12 funds had applied for 8 times the leverage in banks in various European and American countries.

In other words, when he first knew that Zhang Junyi was going to go long in the world's oil, Paul Tudor Jones thought that Zhang Junyi was crazy. After all, since 1981, the world's oil prices have been in a steady and slow downward trend in recent years, and there was even a dispute with Zhang Junyi for this reason.

After all, at the end of 1978, the political situation in Iran, the world's second-largest oil exporter, underwent a drastic change, and Iran's moderate pro-American Shah Pahlavi stepped down, known as the "Islamic Revolution". From December 26, 1978 to March 4, 1979, Iran stopped all oil exports, and the world's oil supply suddenly decreased by 5 million barrels per day, resulting in a serious shortage of oil supply, and from 1978 to 1980, oil prices rose from $14.02 per barrel to $36.83 per barrel, an increase of 163 percent.

During the period of higher oil prices when OPEC implemented a crude oil production quota system, Brent oil prices slowly fell from $36.83 per barrel to $27.51 per barrel. With the growth of crude oil production in non-OPEC oil producers and the development of energy conservation and alternative energy sources, OPEC's ability to control oil prices has been declining, and crude oil prices have also begun to fall.

Zhang Junyi was quite optimistic about Paul Tudor Jones's control of the oil market situation, so in the face of Paul Tudor Jones's opposition and questioning, Zhang Junyi did not get angry, but showed him a document about his analysis of the war in the Malvinas Islands.

In fact, a lot of the content in this information was deduced by Zhang Junyi through the memories of his previous life, and of course, Zhang Junyi would not tell anyone, including Paul, Tudor, and Jones in front of him.

The content of the information provided by Zhang Junyi is also seven true and three false, especially for the time when the war broke out and the time when the war ended, several hypotheses were established, of course, in the precise time in Zhang Junyi's memory, Zhang Junyi still coincidentally combined the most important interests to that point in time.

After receiving the materials handed over by Zhang Junyi, Paul Tudor Jones did not say anything at that time, but flipped through them casually. But as he looked at it, Paul Tudor Jones's casual expression became more serious.

Because Zhang Junyi's analysis of the content of the material is very likely to happen to Paul Tudor Jones, at least in Paul Tudor Jones's opinion, the probability of it happening is at least 70 percent.

In fact, this is also in the United States, if it is put in Xiangjiang, let alone a 70% probability, even if it is a 90% probability, no one will take out all their net worth to gamble.

This is the difference in the way of doing things in different countries, Asians or Chinese people pursue the golden mean, but this kind of thing is different in Europe and the United States and other countries, not to mention the probability of 70%, even if it is 50% or even 30%, there will be a considerable number of people blocking their net worth, after all, high risk is thought to be high returns.