Taleb says that it is all random and these guys are just lucky; but somehow the fact that this guy left in time to hit a DOUBLE in the last six months on $B's of capital doesn't seem lucky to me:
Paulson Hedge Fund Gained 40% in June as Bear, Braddock Sank
I think it was this quote that was the clincher:
"John Paulson, the firm's president and portfolio manager...previously was a managing director at Bear Stearns"
Tuesday, July 10, 2007
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