We spent two years analyzing the data before we made the trade. It was the research that gave us the conviction.
Investors
John Paulson
Born in 1955 in New York, John Paulson rose from obscurity managing a modest merger-arbitrage hedge fund to global fame by deploying credit default swaps to short subprime mortgage securities ahead of the 2007 crisis, personally earning roughly four billion dollars in a single year. The trade, chronicled in Gregory Zuckerman's book, is widely regarded as the greatest in financial history.
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John Paulson's Other Quotes
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Endure and renounce.
-- Epictetus
Fire tests gold; adversity tests strong people.
-- Seneca
Bodily pain does not last without limit; intense pain is brief in duration.
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If you carve without ceasing, even metal and stone can be engraved.
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He who has a why to live can bear almost any how.
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Energy and persistence conquer all things.
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