Thursday, November 20, 2008

People Really Do Live Like This

(It's John Paulson, not Hank, although they could be related. Brothers? Cousins?)
Paulson & Co. can surely afford the luxury. The $36.1 billion hedge fund famously racked up billions of dollars in profit by betting against subprime mortgages. And a thick handout to investors at the dinner detailed just how well the firm has been doing. While the Standard & Poor’s 500-stock index plunged nearly 17 percent in October, the Paulson Advantage fund gained nearly 3.5 percent.
And always will.

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