Paulson HF lost 10% this past week

Discussion in 'Wall St. News' started by turkeyneck, Aug 10, 2011.

  1. I think Paulson said in one of his recent newletters how he reduced his net long exposure to 60% sometime in May/June after the Sino-Forrest disaster.

    It appears nobody explained to him a low level of market exposure doesn't shield him from getting killed in a sharp downside move if his longs have market betas of >2 and his shorts of <1
     
  2. I know he sold most of his BOA shares back when it was 10-11
     
  3. buffet is being served on a buffet
     
  4. so he outperformed the markets this week by 3.2%