John Paulson’s Advantage

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Hugo Lindgren, writing for New York magazine, speculates that John Paulson’s major killing during the credit collapse might be due to his transformation into a grumpy miser.

According to a just-published study, a bad mood can be a competitive advantage. “Whereas positive mood seems to promote creativity, flexibility, cooperation, and reliance on mental shortcuts,” wrote a researcher at the University of New South Wales, “negative moods trigger more attentive, careful thinking paying greater attention to the external world.”

SMA Comment: For what it’s worth, the word is out that Paulson is now buying into gold and gold producers.

Source:

New York
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