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Not really : "Greene began investing in real estate while in business school, and continued to build a successful real estate business. Greene went from being
by zanek 16y ago
Not really :
"Greene began investing in real estate while in business school, and continued to build a successful real estate business. Greene went from being a bus boy at the Breakers Hotel in Palm Beach to being one of the most successful businessmen in the world. [8]
In mid-2006, Greene, worried about the possible collapse of the real estate market, spoke with John Paulson, a fellow investor who discussed with Greene his investing strategy. They agreed that the real estate market was unstable and a bubble might be forming in housing. After the meeting, Greene engaged in a similar investing strategy to that of Paulson, which involved a series of unconventional investments trading credit default swaps. The return on Greene’s investments ultimately saved his business, and even put him on the Forbes 400 list."
- ryanwaggoner 16y agoTo be fair, he did get to somewhere around a half a billion before he started doing the credit default swaps. I can live with that :)