Some people once said: “When Wall Street is filled with sufferers, who can alone arrogant rivers and lakes – John Paulson.”
The crisis gave Paulson to show oneself investment concept the opportunity, makes crisis winner who he became deserves, even some people said that he was “makes money god”. Once to treat to eat meal including “financial big alligator” the name, wants to understand that he makes the spatial real estate market\’s detail, wants to know how he uses the financial instruments to operate successfully. It is said that Paulson governs the fund from establishing to have one year is to lose money, such performance is very difficult when the big bull market noticeably, but in the market bubble burst\’s bear market is the outstanding person.
In 1978, Paulson graduated from the New York University trade and Public Management School, followed closely him to be admitted to the Harvard Business School, and has obtained the MBA degree by the outstanding result. After the graduation, he entered the famous Boston advisory group to be the management consultancy teacher. In 1984, he transferred throws the American fifth great investment bank Bayles to ascend, and was the merger and acquisition department manager; Bayles ascends holds an office for four years later, he from the investment bank changes professions to make the fund management, Canada is suitable Ruse forming a partnership fund, becomes one of partners. In 1994, Paulson established his to flushing fund company.
Starts from 2007, Paulson “good luck” arrived. In the past, his credit opportunity fund made the spatial loan related negotiable securities because of the heavy warehouse, the rate of return has achieved 590%. According to \”Alpha\” statistics, John Paulson has amounted to 3.7 billion US dollars in 2007 income, reaches at one fell swoop 2007 year most making money fund manager announcement, “to flushing the fund first person” “Wall Street most worked cheetah” and other titles in abundance by the crown on him.
In 2008, Paulson base gold has not had one to lose money unexpectedly, the maximum rate of return rate reaches 37%, is by far good in same time to flushing base gold 19% average losses, Paulson has continued his legendary achievement once again. It is said that in the short two years, Paulson manages the property gauge mold inflates from 8 billion US Yuan rapidly to 36 billion US Yuan; In 2009, has massive cash Paulson to start to make the multi-financial class stock ticket massively, buys up in 2008 did not look that some good banks and financial institution release\’s bond, left especially has accepted the political government office rescue financial institution bond.
John Paulson in he grows the outstanding financial analysis ability which exercises, caused his thought and afterward investment strategy is not restrained in Wall Street\’s financial system rules, this has very big difference with the traditional financier. In addition, Paulson does not rely on the degree of comparison rating organization the allocation, but likes collecting financial information to analyze magnanimously, takes the judgment quotation by own analysis the basis.
When talking about his investment philosophy, Paulson once said: “I have learned my investment philosophy from Marti and his father Joseph there. Joseph\’s two words instruct me to go forward the direction. The first article, vigilant negative, good one side will look after itself. This regarding me is very important instruction philosophy. Our goals are to protect good capital, but does not lose money. Our investors will forgive us not to run to win same year\’s Standard & Poor index, but will not forgive our significant losses. Another elaborated the similar question from other angle: How the risk arbitrage is not about makes money, but how about not to lose money.” (Wei Xiayi)
(This article originates: Jingji Cankao Bao) 
