My Age of Investment

In the morning, John Paulson was jogging slowly along the lakeside path in New York's Central Park as usual.

Running is an exercise habit he has developed over the past year or so, or a way to relieve stress.

In 2006, when it first started shorting subprime mortgages, the Paulson Fund was under great market pressure and suffered heavy losses. Countless LPs clamored to withdraw their capital. The outside world was flooded with good news about the real estate market. Optimistic real estate market experts and lending institutions , constantly preaching that housing prices will continue to rise, or that the federal government will lower interest rates to maintain the market...

He had survived these dark nights before dawn.

Now the Paulson Fund has gained the honor of leaping from a small and medium-sized hedge fund to one of the top large hedge funds in the market. No LP dares to send an email to curse him or clamor to withdraw investment.

Although he no longer needs to bear the pressure, Paulson has maintained the habit of running well.

After running a few miles, the 53-year-old Paulson was tired and out of breath and stopped.

He took the towel handed by the bodyguard who had been following behind him and wiped the sweat on his forehead.

When he was about to go home for breakfast, there was a sudden phone ringing, and the bodyguard handed the phone to Paulson.

After listening to a few words on the phone, Paulson's face gradually darkened.

"Fake! These sons of bitches should all have their licenses revoked, wander the streets in remorse, and go to hell with curses!"

Seeing that the usually calm and rational boss suddenly turned into an angry lion, with red eyes and a look that wanted to devour others, the bodyguard was also surprised as to what could have caused such a big reaction from the boss.

After scolding for a while, Paulson took a few deep breaths and calmed down a lot. He held the phone and said, "Okay, I understand. I'll rush over right away. I may have to arrive at the company late."

After hurriedly hanging up the phone, Paulson didn't even have time to change his clothes, so he rushed to the scene of the incident with his bodyguard wearing a thin morning jogging sweatshirt.

In front of a villa, an old lady with silver hair was surrounded by reporters on three levels inside and three outside.

Looking at the microphones pointed at her like guns in front of her, the old lady hesitated, her face full of anxiety and embarrassment.

"Mrs. Paulson, your son John earned 3.7 billion U.S. dollars in the past year, surpassing Soros and Simons and becoming the highest-paid fund manager on Wall Street. Do you know this?"

"If calculated based on working 40 hours a week, your son earns more than $1.4 million per hour. The current average hourly wage in the United States is $17.86, which is equivalent to the income of 80,756 Americans to be worth your son alone. Would you be proud of him?"

"Many social organizations are now accusing your son of making money from this crisis, which is dirty. Profiting from people who have lost their homes is not a good way to make money! What do you think of this?"

…

The old lady almost collapsed when she was asked. Although she was older, she knew not to comment on her son casually, as it would cause him a lot of trouble.

"My son John is an important figure, but I really don't have much to say. I'm old, I don't understand finance, and I don't know what's going on."

After saying that, the old lady turned around and wanted to enter the house, but she couldn't break out of the circle of reporters.

This group of reporters worked hard to dig out the old lady's address, but how could they let her go so easily? Their questions became more and more pointed.

"Many people say that your son is the culprit that has caused thousands of people to live on the streets and is a cancer attached to the American economy. As a mother, would you give John some advice?"

"Your husband is from Ecuador, you are from Latvia, and as an immigrant family, your family has made a prosperous life in the United States.

Your son even received a scholarship from an American company and had the opportunity to attend Harvard University, the highest institution in the United States. After graduation, he received an offer from Wall Street that was envied by countless people.

Now your son is shorting the United States. Aren’t you and your family ashamed of this? "

“Many of the people living on the streets are low-income immigrants, and their families set up tents in parks in the winter, or crowd into slums.

Decades ago, when your family first came to the United States, was this how the United States treated you?

As an immigrant family, now that you have money, will you still sympathize with families like yours? "

Faced with so many questions, the old lady even cried, "I don't know, I really don't know anything, please stop asking."

Many reporters couldn't bear to see the 80-year-old old lady being forced into such a situation by themselves and others.

However, when they think about their houses being taken away by the bank, even if they are not taken away, the value of their houses will be greatly depreciated. Many reporters feel resentful, and their sympathy suddenly disappears.

They sympathize with the billionaire's wife, but who will sympathize with these real estate speculators who failed in their speculation?

In this subprime mortgage crisis, the worst sufferers are the low-income families living on the streets, followed by the middle class like them.

In the United States, middle-class families like them live a tight life and have difficulty saving, so they finally find a way to get rich by speculating in real estate.

As a result, it was destroyed by Paulson!

Of course, they actually know that this matter has nothing to do with Paulson, but who made Paulson make so much money? It is human nature to be jealous and jealous.

While the reporters continued to make things difficult for the old lady, bursts of exclamations suddenly came from the crowd.

Several bulky bodyguards in suits pushed a reporter away from the outside like peeling an onion.

One reporter took out his press card and threatened these rude and strong men to look good.

But when they looked at Paulson walking into the crowd with a dark face, their hearts suddenly thumped. Now they were in trouble!

Paulson hugged his mother and comforted the old lady. Then he turned his attention to the reporter in front of him and said coldly: "Is this what the uncrowned king does? He blocked an eighty-year-old lady at the door of her home and forced her to Force her to provide you with news materials?"

Some reporters were not afraid of Paulson and responded: "Press freedom is a symbol of the democratic system and a sacred and inviolable political right. Even if you are a rich man, you cannot stop us from interviewing and reporting news."

Paulson sneered, "The press is free, that's true, but did you ask for my mother's consent for your interview? I tell you, no matter which media group or newspaper you come from, I will sue you and keep suing you." Until you people who don’t deserve to be reporters get out of the journalism world.”

Seeing Paulson gnashing his teeth in hatred for himself and others, the reporters were really panicked.

The discerning people nearby have already begun to sneak away.

In the United States, you don’t have to believe in dishonesty, but you must believe in the power of money.

Except for a few stubborn people, most people are really unwilling to bear the wrath of a billionaire, because the lawsuit can last forever and no one can afford it.

Paulson was very calm and did not take any retaliatory measures against the reporters on the spot. He scared them away and settled the score later.

After comforting the old lady for a while, Paulson arrived at the company just before noon.

"John, the situation is very bad!"

In the office, a Paulson Institute executive handed Paulson a stack of newspapers.

"The First Man in Hedge Funds\

,""The God of Wall Street\

,""The Smartest Cheetah on Wall Street\

,"…

Each title became more exaggerated than the last, making Paulson's mouth twitch.

The specific content of the article is full of praise and details the history of the Paulson Institute. In just two years, it completed the leap from US$1 billion to US$28 billion in asset management. Nobodies became industry giants.

Since the end of last year, there have been rumors in the market about how much Paulson Funds has earned and how much Clary Capital has earned, but there has been no authoritative data or report.

It's here today, with incredibly detailed data from the hedge fund industry's bible, Alpha Magazine.

2007 Fund Manager Income Ranking: Paulson ranked first with $3.7 billion, Soros ranked second with $2.9 billion...

Hedge fund income rankings for 2007: Paulson Fund ranked first with $15.5 billion, Clary Capital ranked second with $14.9 billion...

"Damn it!"

Paulson punched the table hard, his face full of indignation and helplessness.

Although he didn't understand the meaning of "pengsha" in Chinese, he had a similar feeling in his heart at the moment.

He has always been low-key and never wanted to attract too much media attention.

In the past, an LP leaked the Paulson Fund's rate of return, which made him furious.

Now it's better. Even professional magazines in the industry have reported on it. The matter has been completely determined and cannot be covered up even if we want to.