I was rummaging through some of the many letters that I have read and it recently dawned on me that I forgot to post up John Paulson's year end letter to his investors. My apologies. The letter does a nice job of walking you through Paulson's 2010 returns for their various funds. As you can clearly see being in gold denominated shares was a good bet in 2010. The letter then walks through some organizational updates, My favorite part of the letter is Paulson's roadmap. It is interesting to see what has worked and what they are planning on going forward. They also give some color on the current state of the economy.
Without further delay, enjoy.