Paul Tudor Jones: The Moving Average Wins

Wisdom:

“My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: ‘How do I keep from losing everything?’ If you use the 200-day moving average rule, then you get out. You play defense, and you get out.” –Paul Tudor Jones, as interviewed by Tony Robbins

You won’t find the answer on TV.