Thursday, 26 May 2016
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Aug 30 2012 | 3:46am ET
Despite his best efforts, Paul Tudor Jones simply cannot make a legendary 1987 documentary about himself go away.
Jones has done all he can to keep "Trader," which aired on PBS 25 years ago, under wraps. He asked the documentary's director in the 1990s to remove the video from circulation, and is rumored to buy up any copies—the movie was available on VHS—that come to market. Another rumor has it that he now owns the rights to the documentary; whether he does or doesn't, whenever the film surfaces on the Internet, it is usually taken down within hours.
But it resurfaced this week, and while it was removed from Vimeo, where a member called Value Veterans had posted it—Vimeo blames "a third-party notification by Top Tick Productions, LLC claiming that this material is infringing"—both Business Insider and CNBC's NetNet blog were still allowing readers to view the hour-long documentary at the time this article went to press.
"Trader" was actually filmed in 1986, the year Jones founded Tudor Investment Corp. It features a gleeful 32-year-old Jones predicting the market crash that would happen later that year and that would make Jones and his investors rich.
At one point, he predicts the “earth-shaking,” “saber-rattling,” “Acapulco cliff-dive” of stock prices of Oct. 19, 1987, comparing the stock market of that year to that of 1929. In another scene, Jones is seen on one of his worst days to that point, in December 1986, when he lost $6 million—nearly 5% of his assets under management at the time.
“This is devastating. An intellectual blow,” he says. “I hate it.”
Other parts of “Trader” offer glimpses of Jones skiing in Switzerland or riding horses on his Chesapeake Bay estate. In all of the movie, he is full of swagger, in many ways a real-life version of Gordon Gekko from the movie Wall Street.