Hedge fund guy's pay: $570,780 an hour

Quote:
"What recession? Hedge fund honcho John Paulson profited more than $5 billion in 2010, possibly the largest haul in investing history, according to a news report.

This means that Paulson was making $158.55 per second last year.

In 2010, more than $4 billion of his profits came from fund investments. Most of his funds contained bets on gold, due to Paulson's wariness of the dollar's long-term weakness, based on the Wall Street Journal's report. He placed much of his own money in gold-focused funds, which rose as much as 45% because of gold's meteoric rise last year.

Paulson's take from last year exceeds the $4 billion that he raked in from short bets against subprime mortgages in 2007, according to the news report..."

@DuLu Said

That's repulsive enough to gag a maggot!
But, don't see any quick fix to things like this happening.

@DuLu Said

That's repulsive enough to gag a maggot!
But, don't see any quick fix to things like this happening.

@SparklyKatie Said

https://money.cnn.com/2011/01/28/news/companies/paulson_hedge_fund/index.htm

@DuLu Said

It's just my personal opinion.
Agree with what's been said about hard work, and risk taking, and am definitely not a slacker. Never did do good at being self-employed. Case in point -- if I had a private business and sold cakes on the side and the ingredients only cost me $10 when buying in bulk, and it took me less then an hour to bake and decorate it, why do I need to charge $50 or more for the cake? Understand needing to make a profit, but then it gets more complicated. Because if you only charge $20, people will not desire it so much. But if you put a higher price on it, people will covet it. Just my opinion - we want what we want, and when we own our own businesses we want to outsource everything so we can make more money, and give our employees less benefits and less pay, and we wonder why our country is in a recession. Know it's all about capitalism, supply and demand, etc --
but there's gotta be a middle of the road somewhere..

@thequietman Said

Store overhead.