Published on 18 May 2023 on Insider Monkey via Yahoo Finance
10 Best Stocks to Buy According to Billionaire Paul Tudor Jones
In this piece, we will take a look at the ten best stocks to buy according to billionaire Paul Tudor Jones. For more stocks, head on over to 5 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
Paul Tudor Jones is one of the richest people in the world. According to Forbes Magazine, his current net worth sits at a cool $7.5 billion - making him rank among the top three hundred richest people in the world today. Like a lot of other billionaires and centi-millionaires, he attributes this unthinkable fortune to the world of investing. Mr. Jones set up the hedge fund Tudor Investment Corporation in 1980 and since then his fund has grown to have a portfolio worth a whopping $6.4 billion as of March 2023.
Mr. Jones's entry into the investment world provided him with the perfect skill set to play the market conditions that have been in place for more than twelve months now. He started his career by trading cotton futures on the New York Stock Exchange - which provided him an opportunity to gain experience in trading commodities. A couple of years later he would set up his own hedge fund and its first investment would come from a commodities trading firm. He rose to fame in 1987, when he understood that a stock market crash was coming. This manifested itself in the form of the Black Monday crash of 1987, and the short bets that he placed enabled Tudor Investment to mark a whopping 200% gain while others bled losses.