Wednesday, December 22, 2010
Tuesday, December 21, 2010
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Eric Jackson says Sina's Weibo service will pass Twitter in number of users next year. Maybe Weibo isn't worth $4 Billion, like Twitter was valued at, but it's still worth more than what Sina's stock price indicates. Eric owns SINA.
Monday, December 20, 2010
Mon, 20 Dec 2010 - Eric Jackson
Contributor Eric Jackson says recent Chinese IPO Dangdang has been attacked by 2 competitors within the last week on pricing into the holiday season. But why hasn't any of the American business media covered it?
Friday, December 17, 2010
Thursday, December 16, 2010
Wednesday, December 15, 2010
Eric Jackson says more companies should say "no" to M&A like Groupon did to Google and go IPO to drive America's economy.
Eric Owns GOOG, DANG and YOKU.
Wed 12/15/10 12:08 PM EST -- Eric Jackson
Stocks in this video: YHOO | DANG | YOKU | MSFT | GOOG
Monday, December 13, 2010
Thursday, December 09, 2010
Wednesday, December 08, 2010
Tuesday, December 07, 2010
Thursday, December 02, 2010
12/2/2010 12:00 PM EST
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Most people I talk to about the book have been drawn to it because of the money Paulson made -- several billions personally -- and they are amazed that he was able to see in advance what everyone now sees as obvious after the fact: Housing's explosive growth was illusory, built on a sand foundation of easy credit.
As an investor, you can't help but be impressed by the returns that Paulson scored. However, the pearls of the book are the little things you notice about his process of approaching and then executing the trade. These actions are replicable, even though the trade itself is not.
Here are my key takeaways from the book:
1. Don't let others label you, and more importantly, don't label yourself.
John Paulson had been a moderately successful merger arbitrage guy. He raised money from investors with that as his mandate. People expected him to keep using that strategy. Most hedge-fund managers at that stage of their careers would be on auto-pilot. After all, he could have kept making good money doing just that. Even though he had no housing experience, he wasn't afraid to jump in when he saw the opportunity. Many of his longtime investors weren't happy. This wasn't what they signed up for when they gave him their money. Paulson didn't care. He saw the opportunity and didn't let others, or his own reservations, get in the way.
2. The biggest trades require planning and a refutation of conventional wisdom.
I have never been drawn to momentum trading or studying charts. I know lots of people who do it and are fantastically successful.