Discussion in 'Wall St. News' started by turkeyneck, Aug 10, 2011.
All it shows is that he's running 100% allocation to equities. Yawn.
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
I know he sold most of his BOA shares back when it was 10-11
buffet is being served on a buffet
so he outperformed the markets this week by 3.2%
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