Aquamarine Value's conversation with Jeff LeVenn, Managing Director and Head of Outsourced Trading at JonesTrading- April 2018
AV: Can you tell me how you entered the outsourced trading space at JonesTrading?
JL: I joined Jones in August of 2014. As I left my previous firm to join Jones, I noticed a growing interest in outsourced trading in our industry. When I got to understand Jones and the
I first heard Jim Rogers speak at a NUS Business School event in 2012, when a first year MBA student from Canada asked what he should do with his degree upon graduation. Jim Rogers simply replied that he should drive a tractor on a farm in Saskatchewan. Everyone laughed because at that time, why would anyone want to invest in tangible real assets? Was he early on the call, or late? It all depends on market timing
The markets are a continuous teacher, and drawing from lessons as an active participant both professionally and personally over the past twenty years – such as the Mexican “Tequila” Crisis (1995), the Asian Contagion (1997), the Internet Bubble of 2000 and finally the GFC – one of our key takeaways is you always learn more from your losses than your wins.
