Professional trader John Alfred Paulson is an investor and hedge fund manager leading the United States. He is the founder and President of Paulson & co., an investment firm based in New York. A few years ago, investors on Wall Street yang losers due to the collapse of the U.S. housing market very much. The only profit big is John Paulson, a hedge fund manager who had been anticipating the fall of the U.S. housing market two years earlier.
The benefits he earned from short selling in the year 2007 it was around the U.S. $15 billion. Paulson estimated personal gain of U.S. $3 billion for up to the U.S. $ 4 billion and is considered the most significant benefits on the Wall Street stock exchange.
Although never crowned as the world’s best traders in 2008 by Trader monthly magazine, Paulson never suffered losses in 2011 and then when he got into the shares of Bank of America, Citigroup, and Sino-Forest Corporation. This makes the child Paulson Advantage Fundmerugi 40% as of September 2011. However, the year before, Paulson has entered the commodity gold to earn a profit of U.S. $3.1 billion between September 2010 and September 2011.
John Paulson is indeed known as adept in anticipation of market movements. Born in Queens, New York, in 1955, this Harvard Business School graduates started his career as staff research at Boston Consulting Grouppada in 1980. He must advise those who want to invest. Because tempted to plunge on Wall Street, he switched jobs, and this time he was working for a leading investor Leon Levy at Odyssey Partners before founding Paulson & co. in 1994 with a capital of U.S. $ 2 million and an employee.
In 2002 assets Paulson & co. grew into the U.S. $ 500 million with a combination of results profit earned plus the funds from investors. At a time when the U.S. economy booming post-war decline, Paulson bought several companies entangled in debts and gained the advantage after the U.S. economy back to recover.
“Many investors who made a fatal mistake by buying at high prices and sell at low prices. That kind of strategy is wrong and could not be used for trading or investment. Investment profits gained in the long run and approach to buy at low prices and sell at higher prices is the most precise. “said John Paulson, who in 2012 then hit in 61 of the rich world that Forbes magazine.
‘ In investing, what matters is the strategy. When I worked at the Boston Consulting Group, understanding business strategy is beneficial for me, can I know why a business can be more profitable than any other company. “he said. And is it always easy to anticipate the market? “Sometimes, it’s hard to interpret market movements … You should never look back. You have to think to the future. “said Paulson.