Terrific Article on Paulson

[Parsad]

The good, the bad and everything else in between.  Very good article!  Cheers!

 

http://www.bloomberg.com/news/2012-06-28/paulson-forgoes-prognostication-as-greatest-trade-sequel-flops.html

[Guest]

After going through "The Greatest Trade Ever" I don't have much respect for his investment abilities. Unlike Burry, who basically discovered the mortgage trade, someone told Paulson about it. Yeah, he made the smart move of taking it, but that's a whole lot different. Also, if you look at his results before that trade, they weren't all that great either.

[BargainValueHunter]

Scorn should also be heaped upon CNBC, Bloomberg and the other media outlets who pumped up this guy and other fakes as the "Geniuses of the Crash".

[Parsad]

After going through "The Greatest Trade Ever" I don't have much respect for his investment abilities. Unlike Burry, who basically discovered the mortgage trade, someone told Paulson about it. Yeah, he made the smart move of taking it, but that's a whole lot different. Also, if you look at his results before that trade, they weren't all that great either.

 

I don't think Burry should be overly praised either.  It's how they all do over time, not on any single idea.  Cheers!