An earlier version of this post miscalculated the size of an estate that would be needed to achieve a $1.1 million savings through early death.
Paulson's Advantage and Gold funds fell a respective 4.7 percent and 11.6 percent for the month of November, and the gold fund is down 21 percent year to date. An earlier version of this story, which was based on performance specific to only one set of Paulson investors for the same time period, reported the results as respective drops of 3.6 percent and 9.5 percent for the month, and nearly 30 percent year to date.
An earlier version of this story said that the CEO noted the margin on engagement rings was around 70 percent. In fact, that 70 percent number referred to the percentage of sales that come from engagement rings annually. Margins on engagement rings are actually below 20 percent.
An earlier version of the story mischaracterized the circumstances of the Montessori school's closure.