“It’s like Wimbledon. When you win one year, you don’t quit. You want to win again.”
— John Paulson, whose three main hedge funds have risen 15% to 25% this year, according to today’s Wall Street Journal. And that comes on top of gains of some $15 billion for Paulson & Co., his 70-person firm, last year. While Paulson made a few mistakes–buying Yahoo! and Mirant , for example–he’s won big by shorting the financial giants. Now he’s raising money for a new fund that will invest in beaten-down financial companies. –Jessica Shambora
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