Congrats to Paulson...BUT, You are not a Hedge Fund

Check out the whopping returns of Paulson . They did this completely hedged of course. I mean hedging yourself is how you make 650 percent returns in 10 months.

I am not making light of the genius bet and risk taking ability of Paulson or the creative way in which he made the bet, the results speak for themselves, but as Richard Dreyfuss so aptly put it when looking at the ravaged body of a ‘great white’ shark victim – “This is not a boating accident.”

Well…This is not a HEDGE Fund. It is an aggressive, niche, opportunity fund.

Kudos to my buddy James Altucher for blogging/admitting that he turned down this fund as an investment, just before the amazing run . Wow. I am obviously buying dinner next time.