John Paulson Still Sees Compelling Opportunities in Stocks (BAC, CMCSA)

During a presentation at the Japan Society, hedge fund guru John Paulson said he still sees compelling long-term returns in equities and holds no short positions in the credit markets, according to reports from Reuters.

Paulson said "today our net long exposure is perhaps the highest it has ever been in our portfolio."

He highlighted his long positions in Bank of America (NYSE: BAC), Comcast (Nasdaq: CMCSA) and HeidelbergCement AG.

Paulson is best known for making billions for himself and investors by�betting against the U.S. housing market.

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