Showing posts with label Scion Capital. Show all posts
Showing posts with label Scion Capital. Show all posts
Wednesday, March 10, 2010
Betting on the Blind Side
The story of John Paulson is well known. Paulson's hedge fund took a massive short position on US subprime before the wave of defaults began.
But Paulson might just have been beaten to the post by a formerly little-known MD with Asperger's syndrome turned fund manager from Cupertino, CA. Not in the absolute size of the return, but by time. About a year before Paulson placed his bets, Michael Burry had beaten him to it.
There's a great article here in Vanity Fair on how he did it and how he reckons he couldn't have done it without his Asperger's to help him.
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