John Paulson famously made a cool US 3.5 billion in 2007. He was among the few who had seen the housing boom was built on sand and bet against it.
How did he see it.
In a Wall street journal interview, I found this Paulson quote
“Where is the bubble we can short?” He was asking his staff. They found it in housing.
I think that is the one example on how to make money. Find a bubble and short it!
In the same interview Paulson gave a vague assessment of the market
He’s also betting against other parts of the economy, such as credit-card and auto loans. He tells investors “it’s still not too late” to bet on economic troubles.
Not to fast that was way back in January 2008.
written by Buffet Stocks
\\ tags: Auto Loans, Bet, Credit Card, Economic Troubles, Economy, Housing Boom, How To Make Money, Investors, John Paulson, Market Predictions, Quote, Wall Street, Wall Street Journal
Money fraud is a big problem. If you take simple protection ideas you can prevent yourself from being a victim of money fraud from con artist
Keep checks in a safe place
- Don’t sign a blank check allowing someone else to fill in the amount.
- Never give someone your ATM, credit card or PIN or Social Security number.
- Check your bank statements carefully for unauthorized withdrawals.
- Be careful of joint accounts as both parties have equal access to the money.
- When in doubt, contact the bank to stop payments or checks, to flag or put a hold on the account or to close an account.
written by Buffet Stocks
\\ tags: Atm, Bank Statements, Blank Check, Checks, Close Account, Con Artist, Contact, Credit Card, Joint Accounts, Money Fraud, Safe Place, Social Security, Social Security Number, When In Doubt, Withdrawals
