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In October 1987, while the rest of Wall Street investors were losing their fortunes, Paul Tudor Jones was collecting one.
He had spent months studying the parallels between the 1987 and 1929 crash (1), positioned his fund against the market, and when the Dow dropped 22% in a single day (2) — still the largest single-session percentage decline in history — his short bets made him an estimated $100 million.
Nearly four decades later, Jones is looking at today's stock market and he's uncomfortable.
His warning: buying the S&P 500 at current valuations could lead to negative 10-year returns.
Thanks to Jeff Bezos, you can nowbecome a landlord for as little as $100— and no, you don't have to deal with tenants or fix freezers.
Here's how Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake —here’s how to fix it ASAP The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free.Get your free guidefrom Priority Gold He says there's no imminent crash, but the current structural setup makes it very hard for U.S.
investors to make money over the next decade.
Meaning if you load up on index funds today, you could open your brokerage app in 2036 and find less money than you put in.
He laid all of this out on Patrick O'Shaughnessy's Invest Like the Best podcast (3) on April 28.
Jones runs Tudor Investment, a macro hedge fund managing over $100 billion in assets.
In the podcast with O'Shaughnessy, he started with the fact that the total U.S.
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