Friday, June 3, 2011

Super Contrarian-Man: Who Turned Bets Into Billions

More powerful than a locomotive, able to leap buildings with a single bound? John Alfred Paulson was born in Queens, and grew up in the borough’s Whitestone section, a neighborhood about 25 minutes out of Manhattan, which “mostly consists of well kept single to three family homes.”

It’s a neighborhood that counts Charlie Chaplin and Harry Houdini among its former residents; two men who were both influential, creative pioneers in their respective fields.

John Paulson, hedge fund billionaire and the CEO of his eponymous firm Paulson and Co, shares some similarities with his former Whitesoners.
Like Chaplin, he’s incredibly protective of his work and methods, and rarely speaks about either in public. Like Houdini, his skepticism has been one of the major determinants of his success.

His suspicion that the sub-prime mortgage market would eventually trigger a catastrophic economic crisis, made him billions and catapulted him from little known portfolio manager to Wall Street superstar.

Read more at:
http://www.businessinsider.com/john-paulson-greatest-hedge-fund-investor-contrarian-2011-5

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