So last year's results are in, Paulson made his 2nd huge win and possibly the biggest profit for one person in a year: "Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010âlikely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his "short" bets against subprime mortgages in 2007." "One way to view the size of Mr. Paulson's $5 billion profit: It is nearly as much as the $6.4 billion that Forbes magazine last year estimated as the total net worth of Steven Cohen, the well-known head of $12 billion hedge-fund firm SAC Capital. (Mr. Cohen likely added about $1 billion in 2010, one investor says, after 16% gains in his flagship fund)." http://online.wsj.com/article/SB100...390332589096.html?mod=WSJ_hp_MIDDLETopStories Who would you count as a better trader, Paulson with 2 giant sized bets, or Cohen delivering outstanding results for decades? Edit: I tried to make this a poll but screwed it up, if a mod could fix it....
To be fair Paulson did not just make 2 huge bets, he has been profitable 16 of the 17 years he has run his fund. And the last time he had a loss was in 1998. While he wasnt the only one betting against housing, he was the ballest. At the same time he has made a killing betting on financials and gold. He is the real deal.