A diary of the thought process behind my investment decisions
John Paulson has had a tough first half of the year and there is a chance of a vicious spiral as I have warned about. His two largest positions are GLD and BAC. Both are now trading at around the July lows. If risk markets sell off into the Fall I believe his funds will blow up. I believe he is now in the hands of the market. Unless he has made major changes to his portfolio, which is quite difficult when running a concentrated portfolio that large.