Paul Tudor Jones on Why AI Is the Most Underpriced Risk in the System

In a long conversation with Patrick O’Shaughnessy of Invest Like the Best, Paul Tudor Jones takes stock of nearly 50 years in markets and the philosophy he is trying to leave behind for the next generation. He covers the 1980 silver collapse, the 1987 crash, the founding of the Robin Hood Foundation, a belated apology to Warren Buffett, today’s debt and equity bubble, and what he calls the most underpriced risk on the table: artificial intelligence.

A 1957 act of kindness that became Robin Hood

The conversation opens, unusually, with the question Patrick normally saves for the end: what is the kindest thing anyone has ever done for you? Paul’s first childhood memory, around age two and a half,...