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60 Minutes Interviews Investing Legend Paul Tudor Jones

May 06, 2013 | About:
Canadian Value

Canadian Value

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From 60 Minutes, an infrequent public interview with Paul Tudor Jones:

Ask Wall Street bankers the net worth of Paul Tudor Jones, and they'll tell you, $3.6 billion. He's one of those hedge fund managers. But ask a homeless child or a struggling family and they'll tell you that a spreadsheet is no way to measure a man.

Paul Tudor Jones wonders that if billionaires, like him, are such geniuses, then why do nearly two million people live in poverty in New York City alone? In 1988, he started a charity called the Robin Hood Foundation. Twenty five years later, Robin Hood has given away more than one and a quarter billion dollars. It's become the city's largest private backer of charter schools, job training and food programs. Tudor Jones has learned hard lessons -- for a latter day Robin Hood, it turns out giving to the poor is harder than he thought. And as for taking from the rich? Well, he finds it's best to distract them.



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