Saturday, November 28, 2009

John Paulson stock lessons

Extract from www.Retirerichblog.com (I love this website, have been follwing it for quite sometime now)

His firm made $20 billion between 2007 and early 2009 by betting against the housing market and big financial companies. Mr. Paulson's personal cut would amount to nearly $4 billion, or more than $10 million a day. That was more than the 2007 earnings of J.K. Rowling, Oprah Winfrey and Tiger Woods combined.

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