Trader Made Billions on Subprime

Fascinating article from the WSJ:

"On Wall Street, the losers in the collapse of the housing market are legion. The biggest winner looks to be John Paulson, a little-known hedge fund manager who smelled trouble two years ago..."

Simons at Renaissance Cracks Code, Doubling Assets

This is easily the most interesting finance article I've ever come across:

"Nov. 27 (Bloomberg) -- On a hot afternoon in September, Renaissance Technologies LLC founder Jim Simons is too busy to take a phone call. It is, he says, from Cumrun Vafa, a preeminent Harvard University professor and expert on string theory, which describes the building blocks of the universe as extended one-dimensional filaments..."

(in the same league as this one)

What Really Happened to Long Term Capital Management

"Rarely in the course of human events have so few people lost so much money so quickly..."

"In London, hedge funds that invest solely in art are plentiful — and profitable."

Nassim Taleb is not Blowing Up.

How Nassim Taleb turned the inevitability of disaster into an investment strategy.