Moon Kil Woong
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Inside Paulson's Latest Moves [View article]
In many ways his gamble was a free roll. If the market surged up he would just close shop and begin anew. Like fellow derivatives players, similar to those who lost when the market went down, there is no way his investment company could have covered their losses if the market went up. Yet no one talks about this fact. It just proves, its not hard to take huge risks with other people's money, especially if you make loads doing it. Especially if the only downside is letting the company goes broke. Smart in the market means taking advantage of the system more and more.