Paulsen Dumps Almost All Financials Before Run-Up

[Parsad]

Say what you will about Bruce Berkowitz, but at least he doesn't fold under pressure and trusts his analysis.  Paulsen sold almost all of his financials near the bottom and missed the whole run up.  WFC, C, BAC, STB...all sold!  Cheers!

 

http://www.marketwatch.com/story/paulson-dumps-b-of-a-citi-h-p-shares-2012-02-14?siteid=yhoof2

[PlanMaestro]

Say what you will about Bruce Berkowitz, but at least he doesn't fold under pressure and trusts his analysis.  Paulsen sold almost all of his financials near the bottom and missed the whole run up.  WFC, C, BAC, STB...all sold!  Cheers!

 

http://www.marketwatch.com/story/paulson-dumps-b-of-a-citi-h-p-shares-2012-02-14?siteid=yhoof2

 

Auch, now December is easier to understand.

[Kiltacular]

Buffett buys about 20 million shares of Wells Fargo in Q4.  Paulson dumps just about the same number.

 

As Buffett said in the 1991 shareholders letter:

 

"... the stock market serves as a relocation center at which money is moved from the active to the patient."