CW8888: It is damn tough to make money and then retain all these winning $$$! In the market; you eat other people's lunches; but some others turned back and gobble you up! LOL!
Read? John Paulson, Winner in 2008 Crisis, Latest to Quit Hedge Funds
(Bloomberg) -- Just over a decade after John Paulson shot to fame and fortune, he’s become the latest big-name money manager to quit the hedge-fund business, saying this week he’s converting his firm into a family office.
Paulson never managed to sustain the success and notoriety he found by betting against the housing market in the run up to the last financial crisis. Now, in the midst of an another period of economic turmoil, he’s returning outside investors’ money to focus on his own fortune, which the Bloomberg Billionaires Index puts at $4.4 billion.
He joins a list of industry legends who have recently called it quits amid a generational shift....