This episode is about Paul Tudor Jones — the hedge fund legend who turned defense into an art form.

He’s best known for predicting the 1987 crash and returning over 200% that year — but the real lesson from Jones isn’t how he made money, it’s how he kept it.

What to expect in this episode:

• How a boxer’s discipline became a trader’s edge
• Why he says: “Don’t focus on making money. Focus on protecting what you have.”
• The moral foundation from his Memphis upbringing that shaped his risk mindset
• Lessons from Eli Tullis — the mentor who taught him composure under fire
• The decision to quit a lucrative brokerage job because it “lacked accountability”
• His 10% monthly drawdown rule — and why it keeps him in the game
• The power of humility: “Every day, I assume every position I have is wrong.”
• How he turned the 1987 crash into his defining moment
• Why generosity and gratitude are essential to staying balanced in markets
• The timeless truth: great trading is not about being right — it’s about not dying.

Books & Resources Mentioned:

• Market Wizards by Jack D. Schwager
• Trading In The Zone by Jack Schwager

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This episode is about Jesse Livermore. The most legendary trader who ever lived, and the man behind Reminiscences of a Stock Operator.

He made $100 million shorting the 1929 crash (about $1.9 billion today), yet died broke just a decade later.
Livermore’s life reads like a novel: ambition, obsession, and lessons written in blood.

What to expect in this episode:

• How Livermore discovered technical analysis before it even had a name
• The boy who ran away at 14 to chase numbers on a ticker tape
• Why he said: “The market does not beat them. They beat themselves.”
• How he made his first fortune shorting the 1907 Panic — and his biggest one in 1929
• The deadly enemies of every trader: ignorance, greed, fear, and hope
• His rule for sitting tight — and why it’s harder than being right
• How obsession turned from his greatest strength into his undoing
• Why the game teaches you the game… and then breaks you

“It never was my thinking that made the big money for me. It always was my sitting.” — Jesse Livermore

Books Mentioned:

• Reminiscences of a Stock Operator by Edwin Lefèvre
• How to Trade in Stocks by Jesse Livermore

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→ Website: moneymenshow.com

If you got value from this episode share it with one friend who loves markets, history, or human psychology.