by Aaron Task in Investing, Newsmakers, Housing
The bursting of the housing bubble cost the American economy trillions of dollars and brought Wall Street to its knees. But a few savvy investors, most notably hedge fund manager John Paulson, made fortunes betting against housing and related securities. In The Greatest Trade Ever, Wall Street Journal columnist Gregory Zuckerman details how Paulson pocketed $6 billion as his firm made $20 billion betting against the boom from mid-2006 through early 2009. These returns included $4 billion for Paulson personally in 2007, which Zuckerman describes as the single-most lucrative payout in history.
http://finance.yahoo.com/tech-ticker/article/383220/%22The-Greatest-Trade-Ever%22-Lessons-of-John-Paulson%27s-20B-Windfall;_ylt=AoU7iOdsfOiLvasmS2qyCAm7YWsA;_ylu=X3oDMTE2NDVtZDhiBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDdGhlZ3JlYXRlc3R0?tickers=XLF,FNM,FRE,^dji,^GSPC,AIG,C&sec=topStories&pos=9&asset=&ccode=
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