Thursday, November 3, 2011

Mark These Words: In Three to Four Years -"A Once-in-a-Generation Opportunity to Own Assets." -Paul Tudor Jones

We heartily concur with both the sentiment and the timeframe.
From the Memphis Daily News:
Paul Tudor Jones loves the feel of newsprint in his hands.

Get a newspaper business veteran talking – especially one from the pre-digital business, when the typing on newsroom keyboards sounded more like a clacking – and they can still hear the sounds, smell the ink and see the bustle. And they’ll tell you so.

Jones, whom the financial world knows as the founder of Tudor Investment Corp. and one of the richest men in the country, is one of those veterans.

Jones was an editor for three summers during his college years at The Daily News, the newspaper that’s been in his family for four generations. As a featured guest at the 125th anniversary party Tuesday, Nov. 1, for The Daily News, Jones told a crowd of several hundred businesspeople and political leaders he can still smell the “pungent, acrid” scent of the old linotype machines the paper once used.

He also said his time at The Daily News helped provide an invaluable foundation for the high-profile investment world he now inhabits....MORE
...Jones also thinks the markets may end up forcing the federal government to clean up the nation’s balance sheet in as little as three or four years from now. And he said that would present a once-in-a-generation opportunity to own assets....
HT: Clusterstock