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The Greatest Trade Ever

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

By Gregory Zuckerman

(2)

| Paperback | 9780141043159

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Book Description

The "Greatest Trade Ever" is the thrilling story of the trader John Paulson who predicted the economic crash in 2008 - and made the biggest windfall in history, by Gregory Zuckerman. Autumn 2008. The world's finances collapse but one man makes a kill Continue

The "Greatest Trade Ever" is the thrilling story of the trader John Paulson who predicted the economic crash in 2008 - and made the biggest windfall in history, by Gregory Zuckerman. 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. "The definitive account of a sensational trade". (Michael Lewis, author of "The Big Short"). "Extraordinary, excellent". ("Observer"). "A must-read for anyone fascinated by financial madness". ("Mail on Sunday"). "A forensic, read-in-one-sitting book". ("Sunday Times"). "Simply terrific. Easily the best of the post-crash financial books". (Malcolm Gladwell).
"A great page-turner and a great illuminator of the market's crash". (John Helyar, author of "Barbarians at the Gate").

2 Reviews

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  • 1 person finds this helpful

    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 ...(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.

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    Tracy W said on May 19, 2010 | Add your feedback

  • 1 person finds this helpful

    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 inv ...(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)

    Is this helpful?

    SBarcati said on Mar 18, 2010 | Add your feedback

Book Details

  • Rating:
    (2)
    • 5 stars
  • English Books
  • Paperback 304 Pages
  • ISBN-10: 0141043156
  • ISBN-13: 9780141043159
  • Publisher: Penguin Books Ltd
  • Publish date: 2010-07-29
  • Dimensions: 116 mm x 832 mm x 1,276 mm
  • Also available as: Hardcover , eBook
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