Hedge fund billionaire Paul Tudor Jones cemented his legendary status by predicting both from the 1987 Black Monday crash and the 1990 popping of the Japanese equity bubble, making fortunes for himself and his clients in the process.
Last week he appeared on CNBC explaining his new investment thesis:
All roads lead to inflation… the governments playbook to get out of this mess is inflation.
(That is why) I’m long gold, I’m long bitcoin, I think commodities are so ridiculously under-owned so I’m long commodities…and I own zero fixed income.
