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John Paulson’s New Reality: Being Disrespected By The Tiny Company In Which He Owns A Tiny Stake

By Tony Seruga

Last year, John Paulson finally solved one of the enduring mysteries of our time: Why he hadn’t made enough money on gold over the past seven years to buy all of Puerto Rico several times over. It was not, it turns out, an oversized, mistimed bet on a commodity that did not do what John Paulson expected it to do. No: Gold’s stubborn refusal to bend to Paulson’s will, costing him a significant chunk of his fortune and reputation, is actually the fault of gold-mining CEOs, who through a conspiracy of incompetence have single-handedly undermined both the value of their own companies and depressed global demand for shiny metals…

John Paulson’s New Reality: Being Disrespected By The Tiny Company In Which He Owns A Tiny Stake

Categories : Hedge Funds

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