Create your own shelf sign up

Together we find better books

[−]
  • Search Conteggio caratteri ISBN valido ISBN non valido Codice a barre valido Codice a barre non valido loading search

The Greatest Trade Ever

How One Man Bet Against the Markets and Made $20 Billion

By

Publisher: Penguin Books Ltd

4.3
(6)

Language:English | Number of Pages: 304 | Format: Paperback

Isbn-10: 0141043156 | Isbn-13: 9780141043159 | Publish date: 

Also available as: Hardcover , eBook

Category: Business & Economics

Do you like The Greatest Trade Ever ?
Join aNobii to see if your friends read it, and discover similar books!

Sign up for free
Book Description
It's Autumn 2008. The world's finances collapse but one man makes a killing. John Paulson, a softly spoken hedge-fund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble. But he did - and "The Greatest Trade Ever" is the story of how he realised that the sub-prime housing bubble was going to burst, making $15 billion for his fund and more than $4 billion for himself in a single year. It's a tale of folly and wizardry, individual brilliance versus institutional stupidity. John Paulson made the biggest winning bet in history. And this is how he did it.
Sorting by
  • 4

    Not as good as Too Big To Fail, The Greatest Trade Ever is still an interesting and detailed account of how John Paulson pulled off the biggest gain in financial history in 2007 - 2008 for his hedge fund by betting against subprime mortgages through short-selling and investment in CDS. The book ...continue

    Not as good as Too Big To Fail, The Greatest Trade Ever is still an interesting and detailed account of how John Paulson pulled off the biggest gain in financial history in 2007 - 2008 for his hedge fund by betting against subprime mortgages through short-selling and investment in CDS. The book also compares his trade with other short-sellers who spotted the real estate bubble in around 2005 but could never make as much money as the Paulson Fund did.

    Maybe the CDO, CDS and other derivative products are too complex, I still don't understand why the others didn't make it while Paulson made a US$15 billion profit in exiting his fund's positions in late 2007. I know timing is crucial, but don't understand exactly how he timed it.

    Still enjoyable though.

    said on 

  • 0

    Si legge come un thriller questa storia della piu` grande speculazione finanziaria di sempre, in cui un manipolo di "estranei" a Wall Street fa miliardi di dollari scommettendo contro la crisi immobiliare e sulle compagnie finanziarie che ne sono invischiate.


    Arrivati alla fine, si capisco ...continue

    Si legge come un thriller questa storia della piu` grande speculazione finanziaria di sempre, in cui un manipolo di "estranei" a Wall Street fa miliardi di dollari scommettendo contro la crisi immobiliare e sulle compagnie finanziarie che ne sono invischiate.

    Arrivati alla fine, si capiscono un po' meglio gli strumenti finanziari e la cultura, i modi di Wall Street.

    Rimangono tante domande (perche` quelli che in teoria ne sapevano non s'accorgono di nulla? dov'erano quelli che dovevano regolare? etc.) a cui i libro non risponde. Per scelta o perche` spinto sul mercato forse un po' prima del dovuto per battere sul tempo la concorrenza?

    Sugli stessi temi: "The Big Short" di Michael Lewis (http://www.npr.org/templates/story/story.php?storyId=124690424)

    said on