"A successful man is one who can lay a firm foundation with the bricks that others throw at him." - Sidney Greenberg
Billionaire Hedge Fund Manager John Paulson's Inversion Bet Falls Sharply
Billionaire John Paulson, who initially made his fortune betting against subprime mortgage bonds, has been one of the most aggressive hedge fund managers to bet on stocks that would benefit from the tax-driven inversion deal wave that has swept corporate America this year. Now, one of Paulson’s big inversion bets appears to be in trouble as the U.S. government moves to discourage such tax inversion deals in which U.S. companies attempt to lower their tax rates by redomiciling offshore.
