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HEDGE FUND LEGEND: If One Of My Managers Is Getting Divorced, I'll Pull My Money Out-Must Watch Video

The Washington Post has obtained footage of hedge funder Paul Tudor Jones from a panel discussion at the University of Virginia last month with fellow fund managers John Griffin and Julian Robertson

 During the panel discussion, PTJ made some comments that the biggest killers to trading success are divorce and women having babies.  

Here’s what he does when on of his manager’s is going through a divorce: 

“… Like, one of my No. 1 rules as an investor is as soon as my manager, if I find out that manager is going through divorce, redeem immediately.  Because the emotional distraction that comes from divorce is so overwhelming. The idea that you could think straight for 60 seconds and be able to make a rational decision is impossible, particularly when their kids are involved. You can automatically subtract 10 to 20% from any manager if he is going through divorce.” 

Watch the video below: Don’t Miss to WATCH 

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Julian Robertson: Obama Is Doing A Terrible Job

Former star hedge fund manager and billionaire Julian Robertson thinks that President Obama is doing a terrible job. Robertson said:

“I’ve made a pretty good living over the years by never hiring anyone that wasn’t a lot smarter than I am. So when I go in a room, I know I’m not the smartest person in the room, not even approaching it. Now Obama, from all I read, thinks that on every occasion that he is the smartest person in the room. And I think he often probably is, but you can’t run the biggest business in the world having never run even a country store. And he’s running into that and he’s just doing an awful job and people see it. He’s enough of a politician to see it – although he’s so cocky maybe he doesn’t see it”

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