John Paulson’s Advantage

By on November 24, 2009

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.


New York

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