Paulson’s Big Long: A Bet On Trump Yields Power And Profit

John Paulson went long Donald Trump when much of Wall Street went short.

Now, he’s reaping the rewards.

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More



By Joe Light, Bloomberg. Read the full article here.