Paul Tudor Jones Says 2019 Is Better to Trade Than Buy and Hold
Paul Tudor Jones Says 2019 Is Better to Trade Than Buy and Hold
(Bloomberg) -- High market volatility in 2019 may benefit traders more than investors who hold long-term positions, according to hedge fund pioneer Paul Tudor Jones.
“This might be a better time to be a trader than to just hold,” Jones, founder and chief investment officer of Tudor Investment Corp., said Monday in New York. “I don’t know if we’re going to have a huge amount of trends. It could just be an enormously volatile period with a lot of back and forth.”
Jones compared next year to 2007, when stocks climbed to record highs before the next year’s financial crisis brought on the Great Recession.
“In 2007, the economy was falling apart, but the stock market did great for all the way until October,” he said. “Can we have a scenario like that again? I think it’s really possible.”
Jones appeared with on a panel with Julian Robertson, co-founder of Tiger Management, at an event hosted by Forbes and Just Capital, a not-for-profit that rates companies on social, environmental, governance and return on equity. Microsoft Corp. received the group’s highest rating.
--With assistance from Vonnie Quinn.
To contact the reporter on this story: John Gittelsohn in Los Angeles at johngitt@bloomberg.net
To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Dan Reichl, David Scheer
©2018 Bloomberg L.P.