The American hedge fund Paulson & Co - run by John Paulson - has made £2 billion by betting short on mortgages dropping in value. Everyone is saying Mr Paulson is brilliant, Mr Paulson is secretive, Mr Paulson is a genius. But no one is saying they know how he did it, or how he knew last year that the sub-prime crisis was coming.
But I know. I know how he did it. I know what Mr Paulson knows.
But I know. I know how he did it. I know what Mr Paulson knows.
