This page has been archived and commenting is disabled.

Complete John Paulson 2010 Year End Letter

Tyler Durden's picture




 

...in which we learn that the head fixed income trader, Brad Rosenberg, of the fund whose boss made $5 billion in 2010 has traded over $100 billion in bonds.

Full letter:

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 01/28/2011 - 16:06 | 914138 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fuck John Paulson.

Fri, 01/28/2011 - 16:08 | 914148 william the bastard
william the bastard's picture

who's he gonna sell all that paper gold to after he's finished looting his investors?

Fri, 01/28/2011 - 16:31 | 914257 SheepDog-One
SheepDog-One's picture

Precisely! Die Paulson DIE!!!

Fri, 01/28/2011 - 16:23 | 914184 plocequ1
plocequ1's picture

Whos John Paulson? Isnt he that guy who did that thing sometime last year?

Fri, 01/28/2011 - 16:32 | 914259 SheepDog-One
SheepDog-One's picture

No you're thinking of ROBERT Paulson.

Fri, 01/28/2011 - 16:41 | 914283 plocequ1
plocequ1's picture

No, That was the other thing. Im talking about the thing.

Fri, 01/28/2011 - 17:43 | 914562 Mr Poopra
Mr Poopra's picture

You mean Hank.  I thought Hank did the thing.

Fri, 01/28/2011 - 17:43 | 914564 Mr Poopra
Mr Poopra's picture

You mean Hank.  I thought Hank did the thing.

Fri, 01/28/2011 - 17:45 | 914574 william the bastard
william the bastard's picture

WTF is Robert Paulson?

Sat, 01/29/2011 - 01:21 | 915542 plocequ1
plocequ1's picture

He is the guy who who did business with that man

Sun, 01/30/2011 - 05:33 | 917554 Hephasteus
Hephasteus's picture

You are the goofiest person on zerohedge. And that's saying A LOT.

Fri, 01/28/2011 - 16:25 | 914209 Quixotic_Not
Quixotic_Not's picture

I was so stupid not to go to Perp school and then Ivy League  racketeer training - I had no idea you got a license to steal with those diplomas!

Fri, 01/28/2011 - 18:18 | 914658 snowball777
snowball777's picture

That'd be the funniest typo of the week, if the fuckers ever saw jailtime.

Fri, 01/28/2011 - 16:26 | 914221 william the bastard
william the bastard's picture

Why would you pay anyone 2% of your investment and 20% of your profits to buy gold for you?

Fri, 01/28/2011 - 16:47 | 914342 DonnieD
DonnieD's picture

Why would you pay 2 and 20 to buy BAC for you?

Fri, 01/28/2011 - 16:52 | 914360 ajax
ajax's picture

@ william the bastard: Because you can?

Fri, 01/28/2011 - 17:03 | 914393 ClaymoreStoor
ClaymoreStoor's picture

Do you think his investors care about the 2 and 20 when he made them 30-40% last year alone?  I think not. I wish I could put all of my money with him. 

 

Fri, 01/28/2011 - 17:51 | 914588 Math Man
Math Man's picture

 

That is why he keeps having outflows.

The only thing that increased his AUM was investment returns.

My guess is he'll soon see outflows from his Gold funds too.

 

 

Fri, 01/28/2011 - 18:19 | 914664 snowball777
snowball777's picture

@Willy the B:

Because some people are so dumb they can't even read ZH.

Fri, 01/28/2011 - 16:38 | 914293 gwar5
gwar5's picture

But did he steal it fair and sqaure?

Fri, 01/28/2011 - 16:53 | 914362 HelluvaEngineer
HelluvaEngineer's picture

Hey Harry, you dumb fuck, look at all the buyers stepping in at the closing bell to prepare for "good news" weekend.

Fri, 01/28/2011 - 16:55 | 914372 buzzsaw99
buzzsaw99's picture

Now he just needs to become secretary of something and PAY ZERO TAXES!

Fri, 01/28/2011 - 16:57 | 914382 SheepDog-One
SheepDog-One's picture

OT but funny- Now Bloomberg is saying gold gets a 'safe haven boost' after bashing it as basically worthless as tin for weeks. The flip flopping and flailing is hillarious!

Fri, 01/28/2011 - 17:06 | 914402 ClaymoreStoor
ClaymoreStoor's picture

It really is unbelievable.  I completely ignore the MSM's opinion of gold or PM in general.  It's like a Jr. High popularity contest, only far worse.

Fri, 01/28/2011 - 17:46 | 914573 Quixotic_Not
Quixotic_Not's picture

If you actually knew Bloomterd "journalists" like I do, you wouldn't ever read their dreck & pablum again.

Fri, 01/28/2011 - 17:00 | 914388 Seasmoke
Seasmoke's picture

i think sometime in the near future if your name is Paulson, its going to be dangerous to walk the streets .....ANYWHERE !

Fri, 01/28/2011 - 20:13 | 914998 eatthebanksters
eatthebanksters's picture

$10om buys you lots of friends...$5b buys lots of enemies, I hoep he has good security guards; he's gonna need them, sooner than later if this shit in Egypt gets outta hand.  Can you believe Hillary?  Telling everyone in Egypt to stop demonstrating and go home?  What a moron...she's more fucking worried about oil prices and our economis than the poor fucks over there...just like our Pols, more worried about making sure the TBTF banks survive than prosecuting some of the perps for criminal behavior.  They should all be worried, cause if the shit hits the fan, they're all in the hot seats.  I guess its the price you pay if you're a greedy powercraving fuck; when things are good people love you, when its bad they string you up.

Sat, 01/29/2011 - 13:32 | 916175 satansanus
satansanus's picture

hillarys a waco

Fri, 01/28/2011 - 17:21 | 914454 43 Steelie
43 Steelie's picture

Can someone explain to me how his "gold share classes" work?

So as an investor I can choose to enter any of his funds and have my securities denominated and returned to me in line with the concurrent appreciation in gold.

But how do you buy and sell fixed income, equities and real estate at an institutional level using gold? Presumably each time you do those transactions you need to purchase USDs and be repaid in USDs. You either hold the gold or you don't. 

TD, what am I missing here?

Fri, 01/28/2011 - 18:46 | 914750 rawsienna
rawsienna's picture

He can thank QE2 for everything. 

Fri, 01/28/2011 - 20:15 | 915003 eatthebanksters
eatthebanksters's picture

+1     Do you think he lunches with Benny or Timmeh?

Fri, 01/28/2011 - 21:13 | 915123 AccreditedEYE
AccreditedEYE's picture

This material may not be distributed to other than the intended recipient. Unauthorized reproduction or distribution of all or any of this material is strictly prohibited...

LMAO!!!

Mon, 05/16/2011 - 21:40 | 1281443 tony1983
tony1983's picture

Windows 7 Serial Key are for you now!Windows 7 key store is authorized reseller for the software vendors mentioned by Microsoft.We are committed to providing authentic software such as windows 7 ultimate key and office 2010 professional plus key to prevent our software users.All of our softwares are free shipping! Order windows 7 and all windows product key Only in 24 Hours delivery with great discount promotion and best service.
we also provide:office 2007 license key | windows server 2008 serial | windows vista key | windows xp home edition sp3 product key |

Do NOT follow this link or you will be banned from the site!