The Greatest Trade Ever - Gregory Zuckerman

The Greatest Trade Ever

  • Release Date: Nov 3rd, 2009
  • Genre: Investing
  • Available File Format: PDF - ePUB - KINDLE - MOBI - AZW
  • File Size: 5 MB
Score: 4.5
4.5
From 46 Ratings

Description

In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall.  Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing.  He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it.  Colleagues at investment banks scoffed at him and investors dismissed him.  Even pros skeptical about housing shied away from the complicated derivative investments that Paulson was just learning about.  But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against risky mortgages and precarious financial companies. Timing is everything, though. Initially, Paulson and the others lost tens of millions of dollars as real estate and stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line.
     In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992.  Paulson made billions more in 2008 by transforming his gutsy move.  Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough.
     Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.

[download] book the greatest trade ever - gregory zuckerman in format PDF ... Please click button to get the greatest trade ever - gregory zuckerman pdf new book ... Download the greatest trade ever - gregory zuckerman download ebooks free or read online here in PDF or EPUB ... the greatest trade ever - gregory zuckerman free download ... the greatest trade ever - gregory zuckerman download ebooks free popular EPUB download ... Full PDF ebook with essay, research paper the greatest trade ever - gregory zuckerman read free ... the greatest trade ever - gregory zuckerman download ebooks free read ebook ... the greatest trade ever - gregory zuckerman download ebooks free online ... the greatest trade ever - gregory zuckerman full download ... Read online or Download download ebooks free the greatest trade ever - gregory zuckerman PDF ... This site currently has over a thousand free books available for download in various formats of the greatest trade ever - gregory zuckerman best book ... Download Ebook the greatest trade ever - gregory zuckerman download ebooks free pdf free ... Click Download or Read Online button the greatest trade ever - gregory zuckerman download ebooks free free download pdf ... download ebooks free epub download ... the greatest trade ever - gregory zuckerman epub ebook popular pdf download ... Click to Read/Download the greatest trade ever - gregory zuckerman download ebooks free PDF ... the greatest trade ever - gregory zuckerman download ebook PDF EPUB, book in english language ... the greatest trade ever - gregory zuckerman download ebooks free books online ... the greatest trade ever - gregory zuckerman download ebooks free read download ... the greatest trade ever - gregory zuckerman download free of book in format PDF ...

Reviews

  • The Greatest Story Ever

    5
    By Jimmy Mac NYC
    Great story. Fast read. Couldn't put this book down. A must read for market participants.