Writing in a letter to his investors in 2011, legendary trader and investor Paul Tudor Jones claimed that the world would remember the pegging of China’s currency to the US dollar as “the cause of the greatest single misallocation of economic resources in the history of modern civilization.”
Q2 hedge fund letters, conference, scoops etc
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We are now seeing the effects of this “misallocation of economic resources” in the global economy, according to Jones’ latest investor letter, a copy of which has been reviewed by ValueWalk
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