Paulson Zigs While Others Zag For $5 Billion Score
The man who made his name betting against mortgages, makes billions more on banks and gold.
The man who made his name betting against mortgages, makes billions more on banks and gold.
The new issue of Forbes has an article, Learning To Love Your Home Loan, which details the benefits of the once beloved, now feared, home mortgage. Of course, the ability to deduct interest on up to $1.1 million of mortgage debt is a big part of a home loan's appeal, particularly to upper income folks who are taxed at higher rates. read »
In her recent webinar, Deborah L. Jacobs announced that she created client education brochures that can help lawyers and financial advisers emphasize their value added as they educate clients about estate planning. Jacobs has been receiving many inquiries regarding her brochures, which incorporate the changes made by the 2010 Tax Relief Act. read »
Massey Energy, the Appalachian-region coal producer that received the spotlight last year after an explosion its Upper Big Branch coal mine in West Virginia killed 29 miners, has agreed to be acquired by Alpha Natural Resources, the largest supplier of metallurgical coal in the U.S., for $69.33 per share. The $8.5 billion merger represents a 21% premium on Massey's closing price Friday. read »
Say it's so. Forty-two percent of companies expect to increase hiring in the next six months, according to a quarterly survey conducted by the National Association for Business Economics released this week. read »
On January 26, 2011, Forbes.com published How To Write Your First Estate Plan, by Ashlea Ebeling. Ebeling encourages readers to create an estate plan. Ebeling's article is useful in at least two respects: (1) it dispels a number of myths about estate planning, and (2) it is accompanied by ten pictures that explain the basics of an estate plan. Here are some myths that I highlighted. read »
With four wives and 17 children, choosing a successor to take over the sprawling empire and considerable wealth of Chinese billionaire Stanley Ho Hung Sun was always gong to be a dicey proposition. Certainly not something that should be left undecided for too long at the risk of yet another messy family feud splashed across Hong Kong's tabloids and courtrooms, but it appears that's where the Ho clan is determined to go. read »
The secret to the spectacular returns Paulson and his employees reported for 2010 is due to their keeping much of their personal money- $14.9 billion or 42% of the total assets under management($35 billion)-- in the funds. That's called putting your money to work alongside your clients. That $14.9 billion commitment is revealed in Paulson's yearend letter to investors. read »
Job creation continues to be the seminal issue of our time. The scale of the requirement is daunting. We need an economy that can not only keep employed the 155 million working today, but can find jobs for another 15 million over the next decade. How both can happen is obvious if we just look at where jobs came from in the past. read »