2007 is destined to be an extraordinary year, because the crisis caused by subprime mortgages has turned many people homeless, and many financial institutions have been involved in this vortex because of subprime mortgages. Although the Fed still believes that the crisis is within the scope of control, what they do not know is that not only Wall Street giants have been deeply involved, but even the real estate giants and insurance giants whose assets are much larger than those of Wall Street are also mired in the quagmire.

They would not have thought that this crisis brought about by American real estate would also have a profound impact on Europe, and even some countries would face the crisis of bankruptcy as a result.

Every financial crisis, no matter what happens and what the outcome will be, will have a redistribution effect on the wealth of society, without exception! The pattern of interests will be ruthlessly shattered, the old wealth groups will be destroyed, and the new elites and elites will rise. Just like the sterling crisis of 92, Soros made a lot of money; In the 98 Asian financial crisis, Zhongshi took advantage of the rise of the situation; In 2000, the tech bubble burst and the Tiger Fund went into liquidation overnight. This time, there are winners and losers, too.

Naturally, no one will remember the loser, because all eyes are on the winner. This time it was John Murphy who took the stage. Paulson, who a year ago was an unknown on Wall Street, suddenly rose to the top of the list of wealthy upstarts overnight and became the focus of the whole world.

As someone who accurately "predicted" what would happen before the subprime mortgage crisis erupted, John Brown. Paulson personally raised two funds to short the CDO and long the CDS, and the market developed as he imagined, in which case Paulson's fund was naturally making a lot of money, and the numbers were incredible to the whole of Wall Street.

$17 billion. This is speculation about Paulson's profits during the year. And based on the proportion of internal funds, the media speculated that he himself earned at least $3 billion to $4 billion, which was earned in the past year, not including the achievements of '06.

No hedge fund in the history of Wall Street has managed to make as much as $17 billion a year. Even the vast majority of large investment banks do not exceed this figure in a year's net profit. And such an organization basically has tens of thousands of employees at every turn. Even if you put this figure into the entire Fortune 500, most of them do not reach the level of $17 billion in annual net profit, and their assets or number of employees far exceed those of Paulson Funds.

It is precisely because of this contrast that the myth of wealth created by the Paulson Fund is so striking that at some point, as a sign of respect, Paulson has been called "the guy who has made too much" instead of his name. Media outlets from around the world frequently call Paulson's public relations department to get interviews with Paulson. Nature. Mr. Paulson declined all of these requests for interviews, as the hedge fund industry is not a high-profile industry.

Another benefit of Paulson's fame is that he has made it easier to raise new funds than he did in the first place. As long as he says he needs to raise a new fund in the market today, tomorrow investors from all over the world will come to New York with cheques and beg Paulson to help them manage their money. It's just that Paulson is not ready to open a new fund at the moment, because with the rapid expansion of the scale of funds under management. Paulson Fund is understaffed by researchers who are busy actively recruiting analysts in the market.

The scale of money management is the natural enemy of the rate of return. Paulson agrees.

"Did you dodge it?"

In the mirror, Paulson flicked his straight suit, as if he was dusting off the dust that didn't have zài, then turned around and straightened the dark red tie around his neck before nodding in satisfaction.

Investment banks are known as clothing runways, which can be said to be praise. It can also be said to be derogatory. However, for hedge funds, the rules are not as strict as those of investment banks, but this group is not short of money, and expensive formal clothes and shirts abound. However, most analysts don't care about this, and a simpler and cheaper suit will do. And the big boss usually comes to work in a casual suit. Because they don't need to be as glamorous as investment banks, they only need to be responsible for their clients' funds.

On this day, Paulson wore a raff for the first time. Lauren's new suit, with a dark red tie that is both understated and unassuming, is naturally for an important occasion. In fact, on this day, he was going to attend congressional hearings in Washington, D.C., and he was questioned by a committee of members of the House of Representatives, and appeared in front of almost the world's media.

"It's been dodged!" The answer was Ralph, the head of Paulson's public relations department. Jefferson, a skinny guy with short hair. Since the Paulson Fund swelled rapidly, Paulson realized that they needed to set up a department dedicated to dealing with the media. Jefferson, as the head of a top PR firm in New York, was poached by the Paulson Fund in this way.

Ralph put away the hot phone and couldn't help but complain to Paulson: "Boss, there are too many customers who have come to you to take care of their funds lately, and although I have said it very tactfully and politely, it is inevitable that I will offend some people." You should also know that some billionaires have eccentric tempers that cannot be guessed according to common sense. ”

"It doesn't matter, we already have the biggest financier, don't care too much about the rest!" Paulson pursed his lips, looking rather disapproving, beckoned to Ralph, pointed to the clothes on his body, and said, "How's it going, this dress?" Those old guys on the committee don't have any bad impressions, do they? ”

Ralph stepped forward, looked up and down, nodded, and frowned involuntarily as his gaze fell on Paulson's chest, "It's not the right color, it's low-key, but it gives it a winner's feeling." You also know that the old guys on the committee are conservative and stubborn, and they don't look down on it. You should switch to a dark blue one, which may be more to their taste. ”

"Really?" Paulson looked down at the tie on his chest, and felt that something was wrong, so he untied the tie and put it on a dark blue one, and rearranged it until Ralph nodded.

His entourage was already waiting outside the door, including lawyers, public relations consultants and bodyguards. When Paulson stepped through the door, the men swarmed around him and surrounded him. Soon, a long line of motorraders departed from downtown New York for JFK Airport, where a private jet was already on standby and ready to go. (To be continued......)

PS: Thank you to the book friend Xiaoqi for the miracle of civilization, the sea breeze whiskers blowing, and the roaring wasters for voting for the monthly ticket!