So, John Paulson (for those of you who don't know, he's pretty much the f*cking man in the hedge fund world... he shorted sub-prime using credit default swaps, a product he helped create starting in 2005 when he concluded the housing market was a bubble and he wanted a way to short it, in 2007 and got paid $3.4 billion, he also subsequently shorted financials in 2008 and got paid $2.7 billion (hence, the guy made over $6 billion dollars for himself in 2 years)) has taken a large position in Bank of America (NYSE: BAC), over $2 billion actually. I can't tell what price he paid for it, but on a down day like today it could be a good move to follow his step, the guy clearly knows WTF he's doing when it comes to financials.
N.
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Thread: The Real JP!
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08-14-2009 10:56 AM #1Extreme Behavior
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The Real JP!
Twisting the minds of message board goers since '98:
Karma Board '98 - '99
Crobar Board '00 - '02
PURE Chicago '00 - '04
Inside-Chicago '03 - '06
PhillyDanceScene '05 - '07
Rhythmism - '07
AmpProd - '07 - '11
NightClubCity - '07 - '11
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08-14-2009 03:03 PM #2Dr. Feelgood
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From Wikipedia John Paulson - Wikipedia, the free encyclopedia
It's about gettin' off
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08-14-2009 05:45 PM #3Extreme Behavior
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See the side note... net worth > $6bn? F*ck, I can't wait to run my own fund some day...
Originally Posted by Mathieu
N.Twisting the minds of message board goers since '98:
Karma Board '98 - '99
Crobar Board '00 - '02
PURE Chicago '00 - '04
Inside-Chicago '03 - '06
PhillyDanceScene '05 - '07
Rhythmism - '07
AmpProd - '07 - '11
NightClubCity - '07 - '11
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08-14-2009 06:26 PM #4Dr. Feelgood
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for sure man, it's crazy!
It's about gettin' off
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08-20-2009 04:25 PM #5PIZZA BY THE SLICE $5
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god bless him
my new exclusive set for Portugal's Oporto Radio, - all techno, starts off easy but takes you where you need to go
enjoy
http://soundcloud.com/bekim/bekim-exclusive-podcast-for
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08-20-2009 07:20 PM #6All Black Everything
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One of my very good friends is his right hand man.......the guy is 35 and you should see his apartment.....my God
__________________________________________________ __________
Music is the Answer...........
Just call me Lucifer......cause I'm in need of some restraint
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