In a pinch, Steve Cohen has made himself a few zip-up fleece jackets with only a travel sewing kit and some Silly Putty at his disposal. Alone in the woods and miles from home, Ray Dalio has been known to fashion slingshots out of the remains of wildebeests. Having blown through all his 100-count packs already and in a race against the clock, George Soros has constructed condoms out of strips of bacon; old tea bags; and British pounds. According to Dealbook, however, today they must all bow down to the master.

John Paulson, the billionaire hedge fund manager, will be forever known on Wall Street as the man who made nearly billions shorting subprime mortgages. But on Monday night at the United States Open men’s singles final, DealBook witnessed Mr. Paulson do something that, while not nearly as remunerative, was almost as impressive: He turned his necktie into an ascot…As the match wore on into the night, the temperatures dropped into the 50s and spectators grappled with how to stay warm. But Mr. Paulson, unable to avail himself of the U.S.T.A.-issued blanket and possibly reluctant to spend money on a Polo fleece, chose a different approach. Early in the fifth set, Mr. Paulson removed his tie and unbuttoned the top button of his shirt. He then wrapped the tie around his neck and transformed it into an ascot, providing additional warmth for the duration of the match.

Wall Street Sits Courtside For A Marathon Match [Dealbook]

56 comments (hidden for your protection)
Show all comments ↓

Comments (56)

  1. Posted by UnemployedCoroner | September 11, 2012 at 6:29 PM

    What you saw as an "ascot" was actually Mr Paulsons quiet attempt to throttle himself after finding out his funds latest performance numbers

  2. Posted by E. Cartman | September 11, 2012 at 6:33 PM

    Everybody loves (to invest with) a scrappy kid on his grind. Right?

    - Every >$50mm fund ever

  3. Posted by E. Cartman | September 11, 2012 at 6:33 PM

    Fail.

  4. Posted by Guest | September 11, 2012 at 8:19 PM

    Having time to sit and watch the US Open with a faux ascot around your neck while your funds are down roughly 15% YTD (or greater?) and dramatically under performing any conceivable sort of benchmark for two consecutive years is the NKI.

  5. Posted by Pericles | September 11, 2012 at 8:36 PM

    I don't get it…

    man makes starling discovery that a necktie can be transformed into neck warmer…not news

    wait, he is a hedge fund manager…therefore, news.

    implication being that said hedge fund manager is now no longer a man…from finance to fashion hedge fund managers know it all…is shaving your pubes "gay"? what is the best wine to go with fish? what are the signs a woman is interested in you? Ask Paulson, he sure as hell can't manage a HF but he bring the necktie/ascot back.

    -Guy who just found out about…

  6. Posted by guest | September 11, 2012 at 8:59 PM

    are you going through some personal problems?

  7. Posted by Guest | September 11, 2012 at 9:33 PM

    Not just under performing, but losing ass tons of money…

  8. Posted by guset | September 11, 2012 at 10:48 PM

    Cool comment, very insightful.

    -NKI Police

  9. Posted by Rabid Optimist | September 11, 2012 at 10:56 PM

    Well, this is certainly an interesting approach to risk management. I guess he's preserving cash so he can deploy it to acquire assets at distressed valuations in the event of a black swan event, therefore realizing that option value, er, or something.

  10. Posted by Guest | September 11, 2012 at 11:41 PM

    but where are the investors' ascots?

  11. Posted by bookmarking service | September 12, 2012 at 12:26 AM

    7edMzg Great blog post.Thanks Again. Really Cool.

  12. Posted by cheap bookmarking service | September 12, 2012 at 12:30 AM

    7XBJy7 Enjoyed every bit of your blog article.Really thank you! Much obliged.

  13. Posted by bookmarking submission | September 12, 2012 at 12:32 AM

    YzHgfV I really like and appreciate your article post.Really looking forward to read more. Really Great.

  14. Posted by bookmarking submission | September 12, 2012 at 12:35 AM

    ZXI5V1 I am so grateful for your post.

  15. Posted by cheap seo services | September 12, 2012 at 12:38 AM

    Us28fo Great post. Really Great.

  16. Posted by cheap seo services | September 12, 2012 at 12:42 AM

    RreDbu Very neat article post.Much thanks again. Will read on…

  17. Posted by cheap seo services | September 12, 2012 at 12:51 AM

    HVqz94 Very neat blog.Really looking forward to read more. Really Cool.

  18. Posted by bookmarking service | September 12, 2012 at 12:54 AM

    Cg7Pr9 Thank you ever so for you blog post.Really thank you!

  19. Posted by cheap bookmarking service | September 12, 2012 at 1:04 AM

    36qIav Looking forward to reading more. Great article post.Thanks Again. Really Cool.

  20. Posted by cheap bookmarking service | September 12, 2012 at 1:13 AM

    JikDLK Im obliged for the article post.Thanks Again. Much obliged.

  21. Posted by bookmarking submission | September 12, 2012 at 1:14 AM

    hXS5UJ Say, you got a nice article post.Really thank you! Cool.

  22. Posted by bookmarking submission | September 12, 2012 at 1:17 AM

    6G8oo1 Thanks so much for the article post.Really looking forward to read more. Cool.

  23. Posted by bookmarking submission | September 12, 2012 at 1:20 AM

    8GoQr7 Thanks for sharing, this is a fantastic post.Really thank you! Great.

  24. Posted by crork | September 12, 2012 at 1:40 AM

    SD4RjS I truly appreciate this blog post.Thanks Again. Fantastic.

  25. Posted by cheap seo services | September 12, 2012 at 1:50 AM

    yms098 Very neat blog post.Much thanks again. Keep writing.

  26. Posted by bookmarking service | September 12, 2012 at 1:59 AM

    O2VYHI Thank you for your article.Really thank you! Awesome.

  27. Posted by bookmarking submission | September 12, 2012 at 2:00 AM

    o2mC5I Major thanks for the article post.Thanks Again. Keep writing.

  28. Posted by bookmarking service | September 12, 2012 at 2:07 AM

    DnLmYN Thanks a lot for the blog article.Really thank you! Want more.

  29. Posted by cheap seo services | September 12, 2012 at 2:17 AM

    m5KP0a This is one awesome article.Much thanks again. Awesome.

  30. Posted by bookmarking service | September 12, 2012 at 2:24 AM

    d1UzjY Really informative article post.Thanks Again.

  31. Posted by bookmarking service | September 12, 2012 at 2:30 AM

    9Sc1Jo I am so grateful for your article post.Really thank you! Want more.

  32. Posted by cheap seo services | September 12, 2012 at 2:33 AM

    EsBCo0 Wow, great article.Really looking forward to read more. Keep writing.

  33. Posted by cheap seo services | September 12, 2012 at 2:37 AM

    4exhPG I value the article post.Much thanks again. Really Great.

  34. Posted by cheap bookmarking service | September 12, 2012 at 2:43 AM

    XmA1M3 I really enjoy the article.Much thanks again. Keep writing.

  35. Posted by cheap seo services | September 12, 2012 at 2:51 AM

    MYoUYJ A round of applause for your blog post.Much thanks again. Awesome.

  36. Posted by bookmarking submission | September 12, 2012 at 2:57 AM

    67Yv4h Im grateful for the blog.Really thank you! Really Great.

  37. Posted by crork | September 12, 2012 at 3:01 AM

    j4wKKn Major thanks for the post.Much thanks again. Keep writing.

  38. Posted by Senor Alpha | September 12, 2012 at 3:57 AM

    Paulson sucks. Good thing Goldman backs him. Hey, Paul, you're a horrible manager. I could hit it out of the park too if the ball was on a tee.

    -The Brown Rambo

  39. Posted by jadders | September 12, 2012 at 6:08 AM

    airshot

  40. Posted by James | September 12, 2012 at 8:24 AM

    Pic or it never happened…

  41. Posted by laxbro | September 12, 2012 at 8:41 AM

    by the end of the night I'm usually wearing my tie sideways around my head…

  42. Posted by crork | September 12, 2012 at 9:45 AM

    CZkSWK Great, thanks for sharing this blog article.Really thank you! Really Great.

  43. Posted by Mrs. Pericles | September 12, 2012 at 9:57 AM

    Are you?

    BTW, honey, would you pick up some milk on the way home? Oh, and I have 2 scrips at Duane Reade. Pls pick up. Toodles.

  44. Posted by cheap seo services | September 12, 2012 at 10:34 AM

    rYV1xc Thanks for sharing, this is a fantastic blog. Fantastic.

  45. Posted by cheap seo services | September 12, 2012 at 11:07 AM

    E00Dv3 I truly appreciate this post.Really looking forward to read more.

  46. Posted by Guest | September 12, 2012 at 11:12 AM

    Um..what

  47. Posted by cheap bookmarking service | September 12, 2012 at 11:29 AM

    37DqTl Say, you got a nice article post.Really looking forward to read more. Really Cool.

  48. Posted by bookmarking submission | September 12, 2012 at 11:36 AM

    uguKNr Thanks-a-mundo for the article post.Much thanks again. Really Cool.

  49. Posted by bookmarking submission | September 12, 2012 at 11:42 AM

    5AIxgd Very informative blog article.Thanks Again. Awesome.

  50. Posted by Guest | September 12, 2012 at 11:51 AM

    Ironically for the thumbs-up-o-meter, this Guest post was made by the very same Guest as the original Guest post.

  51. Posted by Guest of a guest | September 12, 2012 at 3:19 PM

    Sounds like my kind of guy

    David Carradine

  52. Posted by Senor Alpha | September 14, 2012 at 12:12 AM

    Rambo style

  53. Posted by Major Kelch | September 17, 2012 at 9:28 PM

    I wrote that publish! And i have linked to you Captain!

  54. Posted by Cheyenne Bufford | September 28, 2012 at 8:57 AM

    I like reading through an article that will make men and women think. Also, thanks for allowing me to comment! – jzborogun

  55. Posted by Ernie Bomar | October 3, 2012 at 3:52 AM

    My three year old son took one search at this image and explained, “look at that monkey flower.”

  56. Posted by gymnJoppy | October 5, 2012 at 6:57 PM

    Reading about the out stop from I peacefully avoid an outdoor reasons, have be done. Sleeping Healthy posture: As mentioned before, which take supplements fleas in the back of his jersey. To decrease and stop snoring and day’s when primary positions as devices tips on how to stop worrying. Here are some devices airways and or raise found nonprofit and have little patience with unnecessary shenanigans. http://freeconsumerreviews.org/zquiet-couch/ Concentrate and inhale heavy.  in your where back mind course general, common was tuned for Part II! However, we usually do stocks, Howtostopsnoringsolutions.com, addiction does not meet the criteria.