Paulson who is best know for pulling off the greatest trade ever six years ago by betting against subprime mortgage securities. Its estimated Paulson earned over 4 Billion on that trade alone and went from no name adviser to legend.
Times have changed since then and in 2012, his fund ended the year down by 14%, the second consecutive year in red. His assets under management have fallen from 36 billion to 18 billion. Lesson, even legends have some bad trades here and there.
Yet he is one of the richest stock traders with unlimited potential for profits. Of course, all fund managers, not retailers like us, are definitely the elites of the elite. Although most of us will never get closer to what they are doing there, but there are many traders and those who receive incomes from 250,000 to over 1 million dollars each year.
Junior Trader Ivan Ivanov
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