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Hedge fund manager John Paulson continues to astonish. The latest is that he personally made $5 billion in 2010 on a massive bet on the price of gold.
How big was his bet? "His firm, Paulson & Company, owns securities that represent the rough equivalent of 96 metric tons of the metal. It is an outsize wager by almost any standard," notes the New York Times. "Mr. Paulson's firm...