In fact, Paulson scored the largest one-year kill in Wall Street history at $3.7 billion as the rest of the school was harpooned by worthless housing-backed assets.
Today you’ll find this killer whale trying out a new move; buying the very prey he victimized- the financials!
Paulson's new fund will provide a capital lifeline to firms critically wounded by writedowns. This savvy predator could end up playing both sides of what could be the biggest financial storm ever on Wall Street.
Now that you have a little background, should you trade in his wake?
If John Paulson got long anything I would go with him, says Karen Finerman. And I think the market would go with him, too.
I want to see more from him before I make that decision, counters Jeff Macke. As far as I can tell he got one trade right, it just happened to be a big one!
In case you're curious, as of March 31st, John Paulsons’s top five holdings were Yahoo!, Boston Scientific, Mirant, Navteq and Kinross Gold.