Paul Tudor Jones and the Futures Markets

Most of the innovative risk management approaches came out of the futures markets because of the embedded leverage using margin. He had a huge commitment through me for data we would hire summer interns to put data into spreadsheets build models work he was willing to and literally on our hands and knees take it out floppy drives putting in hard drives updating computers. So that's a interesting difference about Paul Tudor Jones regarding his process very quantitative driven very mathematical but there's another side to his approach which was way ahead of its time very behavioral tell us a little bit about the psychological approaches that he brought to both looking at markets but also managing himself.