John Paulson Loses $1 Billion In Two Days

According to the Bloomberg, John Paulson lost almost $1 billion of his own money in two days. The hedge fund manager, who has almost all of his personal wealth invested in the funds at Paulson and Co. with gold denominated shares, lost $973 million in trading on Friday and Monday alone. The manager has been a big fan of gold for some time, and his funds have  invested heavily in gold stocks in the past.

Since the start of the year the hedge fund manager has lost more than $1.5 billion...