Another Bull Throws In The Towel

John Paulson got famous – and very, very rich – from his bet against sub-prime back in 2008. In fairness to Mr. Paulson he’s been doing this successfully a lot longer than that, but the only reason he’s known now outside hedge fund circles is because of that one high profile winner (and a Michael Lewis book). The flood of investors into his hedge fund complex since that great wager haven’t been treated nearly as kindly