John At The Center

Winning the race, Mr. Jones posits, will be gold, emerging-market equities denominated in local currencies and commodity-related stocks. “I have never been a gold bug,” he says in the letter. “It is just an asset that, like everything else in life, has its time and place. And that time is now.” (Read the entire letter after the jump)

via Seeing Next Boom, Tudor Goes For the Gold – DealBook Blog – NYTimes.com.