And without giving it away, it has something to do with options. Now, in your recent event, you talk about your Velocity Profit Multiplier system. Tudor Jones shook his head and said the chart was an obvious buy and that you never want to fight a strong trend. Most students, being taught to “buy low and sell high,” answered that the chart was a sell.
The first thing he did was draw an upward sloping line from the left to right on the blackboard and ask the class whether this chart was a buy or a sell. It was a great opportunity to learn from a legendary hedge-fund manager. During one of my equity valuation classes, he was a guest lecturer. Well, Paul Tudor Jones is a UVA grad who loved to come back to the “Grounds” almost every year and share his investment knowledge with UVA students. What, if anything, did you learn from him that stuck with you in your trading career? I have it on good authority that you got to hear legendary investor Paul Tudor Jones speak at one of your classes at UVA. Guarding against what could wrong is much more important than focusing on what could go right. The old adage “A bird in the hand is worth two in the bush” remains very relevant today in the investment world. The lesson learned, which I have never forgotten, is that it is much more important to focus on what a company currently possesses in terms of earnings power and balance sheet, rather than speculate on what a company may transform itself into in the future based on a best-case scenario. I promptly lost 75% of my investment as the stock continued to plummet thanks to continued operating losses and a debt crisis/restructuring. Despite these ratings, I was enamored by the appreciation potential of the stock, which was listed as 300% to 500%. In the Value Line Investment Survey, the stock had the lowest possible ratings for both timeliness and safety.
My first trade was 50 shares of Data Terminal Systems, a manufacturer of cash registers. Can you remember the first trade you ever made?Ībsolutely. You’ve had a long and distinguished career. I’m also a Chartered Financial Analyst (CFA). from the University of Virginia, and finally a law degree from Columbia. I earned a Bachelor of Arts (B.A.) in History from Yale, a Master’s from Harvard’s Kennedy School of Government, an M.B.A. As you can imagine, education was very important in our family. I grew up in Massachusetts, and both of my parents were teachers. More details on that in just a minute…īut first, it’s been a while since we’ve heard from Jim directly on these pages, so I reached out to talk more about his background and how his system works…įirst of all, Jim, it’s been a little while since we’ve talked – can you give our readers a little bit about your background? Last time, you told us you were “hopelessly overeducated”… More importantly, it showed our readers how, if they’re willing to step beyond their comfort zone just a little bit and learn something new, the results can be quite powerful.įor those who missed this event, however, I have good news…įor a limited time, you can access a rebroadcast of the event.
I hope you were able to check it out because Jim’s event was full of useful information that investors can’t get anywhere else.
We called it the Velocity Profits Summit. Earlier this week, we staged a one-of-a-kind live event with our trading expert, Jim Fink.