Complete Paulson Q2 Holdings Summary: Cuts Citi by 20%, BofA By 52%, Adds 64% To Wells Fargo

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Mon, 08/15/2011 - 18:06 | 1563148 damage
damage's picture

Is Paulson a retard?

Mon, 08/15/2011 - 18:12 | 1563170 Reese Bobby
Reese Bobby's picture

If the definition is rich one-trick-pony, yes.


I had a dream Wells Fargo was based in California and bought Wachovia.  Now that would be funny!

Mon, 08/15/2011 - 18:20 | 1563191 Stoploss
Stoploss's picture

He is completely ate up with the dumb ass, to say the least.

Yes, retard. It's in vogue right now, right Paul? Christina?

Mon, 08/15/2011 - 18:37 | 1563259 Piranhanoia
Piranhanoia's picture

Is this a trick question?

Mon, 08/15/2011 - 19:12 | 1563374 damage
damage's picture


Mon, 08/15/2011 - 18:12 | 1563160 Bam_Man
Bam_Man's picture

A compulsive gambler.

Who has access to OPM.

Mon, 08/15/2011 - 18:10 | 1563163 disabledvet
disabledvet's picture

HOw's that for a portfolio. I'd be a vulture in Real Estate myself. Geithner wants rentals? "i'm your man." what say all of you?

Mon, 08/15/2011 - 18:13 | 1563173 Flakmeister
Flakmeister's picture

A pretty eclectic collection of stuff.... Don't think I would consider owning more than 1/5 of it...

Big Nova Gold stake....

Mon, 08/15/2011 - 18:32 | 1563243 Spitzer
Spitzer's picture

He dumped Kinross. The stock has no place to go but up, what an idiot.

Mon, 08/15/2011 - 18:51 | 1563292 Flakmeister
Flakmeister's picture

Heh, heh, heh.... just picked up som Mar 12 15 strike calls in the recent sell off on KCG....

Reminds a while back when IAG, AUY and GRS were sucking wind and I was trying to convince Robotrader that these guys had far more upside than AEM, ABX and the like....

Mon, 08/15/2011 - 18:14 | 1563174 Rainman
Rainman's picture

It must be cool to lose more money than California.

Mon, 08/15/2011 - 18:17 | 1563182 Nostradamus
Nostradamus's picture

He cut his entire holdings of Kinross and added 300 million to Wells Fargo? It appears he has no clue what's going on in the world economically.

Mon, 08/15/2011 - 18:22 | 1563201 TheFourthStooge-ing
TheFourthStooge-ing's picture

He cut his entire holdings of Kinross and added 300 million to Wells Fargo? It appears he has no clue what's going on in the world economically.

That money would have been better spent on lottery tickets.


Mon, 08/15/2011 - 18:34 | 1563250 Spitzer
Spitzer's picture

Kinross has been groping for a bottom the last few weeks. Paulson is a shitty asset manager.

Mon, 08/15/2011 - 20:44 | 1563602 I am a Man I am...
I am a Man I am Forty's picture

yeh, compare this 5 year chart with actual gold, then lemme know why the fuck you would hold it;ran...

Mon, 08/15/2011 - 22:01 | 1563735 Spitzer
Spitzer's picture

Ok, lets revisit this in 3 months. Deal Man ?

Tue, 08/16/2011 - 05:11 | 1564520 I am a Man I am...
I am a Man I am Forty's picture

fair enough, why do u think it will go up now?

Wed, 08/17/2011 - 00:51 | 1568002 Spitzer
Spitzer's picture

It is has simply been undervalued  and oversold for too long. It hit rock bottom. Buying at market tops and selling at market bottoms are equally as stupid. This is a cassic case of selling at a bottom.

Mon, 08/15/2011 - 18:44 | 1563276 Piranhanoia
Piranhanoia's picture

WF hid their MBS fraud behind a little company firewall until it broke that it is a document shop, and one stop fraud assembly line.  Probably betting that they will go down last.  Bad bet when the government is backing a competitor.


Mon, 08/15/2011 - 19:08 | 1563362 johnjb32
johnjb32's picture

The world's economies continue to collapse, but there is still time to prepare ... ... join the movement.

Mon, 08/15/2011 - 19:43 | 1563481 cfigueir
cfigueir's picture


If you insist on paying someone to buy banks for you, why not just buy fairholme and GLD? How this guy manages to get 2/20 for this is amazing.

Mon, 08/15/2011 - 19:43 | 1563483 lawrence1
lawrence1's picture

Fuck Paulson and fuck everything to do with bankers.

Mon, 08/15/2011 - 20:22 | 1563558 lizzy36
lizzy36's picture

Will be interesting to hear about his redemptions.

Mon, 08/15/2011 - 22:28 | 1563788 Perpetual Burn
Perpetual Burn's picture

Time to retire.

Mon, 08/15/2011 - 22:40 | 1563808 bbbilly1326
bbbilly1326's picture

is it just me, or are the Dollar Value and #shares columns reversed ?

Did his company do that or ZH ?  If it's the company, should we trust their attention to detail ?

Mon, 08/15/2011 - 23:52 | 1564052 Prof Gulliver
Prof Gulliver's picture

No, the dollar value is in $1,000s, which equals 1 bazillion Bennie Bucks.

Tue, 08/16/2011 - 00:13 | 1564131 PulauHantu29
PulauHantu29's picture

Adding more bank stocks? Me thinks Paulson has a Death Wish. He is playing a dangerous game with other people's money hoping for more Clown Bucks Bailouts and Bonuses from The Bernank.....I htink Americans are Fed up (so to speak) with more Billion dollar Bank Bonuses.......GL! with that.

Sun, 09/18/2011 - 07:24 | 1681571 nickadam
nickadam's picture

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Fri, 10/28/2011 - 18:06 | 1822894 gratefultraveller
gratefultraveller's picture

Completely OT:

"Schäuble in luck

Scrap bank discovered 55.5 billion €"


Fri, 10/28/2011 - 18:08 | 1822899 gratefultraveller
gratefultraveller's picture

And you thought Greece "finding" 5 billion Euro was surreal...

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