Paul Tudor Jones -- the Lost interview

Rumor has it that PTJ does not like this interview and has his people get it taken down on Youtube. The Wall Street Journal Reports that this has been an ongoing battle:

"According to Wall Street lore, billionaire fund manager Paul Tudor Jones hated the 1987 PBS documentary about him, “Trader,” so much that he bought up all the videotape copies in existence and asked the public network to stop airing it"  

Well, here's the link to the interview.

http://www.tradinganalysis.com/public/The-Lost-Paul-Tudor-Jones-Video.cfm

• One of the best quotes from the film, Paul Tudor Jones on risk management in trading:

"Where you want to be is always in control, never wishing, always trading. And always, first and foremost, protecting your ass.

...That's why most people lose money as traders or as individual investors because they're not focused on the money they have at risk. If everyone spent 90% of their time on that instead of on how much money they're going to make, they'd be incredibly successful as investors." 

• They are never sure that they are right until they are 
• "the whole world is essentially one big flow chart for capital" It's all interconnected.

His wisdom remains just as applicable today as it was in the 80s.   My personal take away is that he was shorting oil because he knew the trend would continue because getting the OPEC nations to agree on anything was not going to happen quick.  And today we have oil getting routed and OPEC not being able to change direction: 

A recent Market watch headline reads:

 "Amid oil slide, some OPEC members pine for production cuts"  I wouldn't bet on that happening quickly.