Investor John Paulson: Alone at the bottom

``During the recent downturn, legendary hedge fund investor John Paulson was in a class by himself, generating returns of up to 600% by betting against mortgages in 2008 as the market crashed. Paulson is still alone, but this time he's at the bottom of the heap.'' -- We "warned" Paulson that while his bet on a bank rally was shrewd, that was only on the basis of bailouts, not a sustained recovery in the economy. We have been proven right. Lucky for Paulson, he agrees with us on gold.