The Greatest Trade Ever
The Greatest Trade Ever
Gregory Zuckerman
Charlie Munger
He made a lot of money from entirely legal ways but may have created a lot of trouble for himself in the process. - Charlie Munger
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The Greatest Trade Ever

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History

Gregory Zuckerman
By
Gregory Zuckerman
4.1
7176
ratings on Goodreads

In the high-stakes world of Wall Street, where fortunes are made and lost on the whims of the market, John Paulson emerged as an unlikely hero. "The Greatest Trade Ever" by Gregory Zuckerman chronicles the gripping tale of how Paulson, a relatively obscure hedge fund manager with a background in mergers and acquisitions, identified the ticking time bomb at the heart of the U.S. economy: the housing market. With a mix of audacity and precision, Paulson embarked on a daring gamble, betting against the seemingly invincible real estate sector and the complex derivatives tied to subprime mortgages. Despite skepticism from the financial elite and initial setbacks that saw millions in losses, Paulson's steadfast belief in his analysis set the stage for a historic windfall. Zuckerman's narrative is a masterclass in suspense and financial intrigue, unraveling the story of how Paulson and a band of maverick investors navigated the intricate world of high finance to execute the trade of a lifetime. As the market began its catastrophic descent in 2007, Paulson's positions poised him to reap unprecedented profits, ultimately securing his place in financial history with earnings over $15 billion for his firm. "The Greatest Trade Ever" not only celebrates this monumental achievement but also delves into the darker side of ambition, where timing is everything and the line between genius and ruin is perilously thin. Through meticulous research and interviews, Zuckerman offers an unparalleled view into one of the most dramatic financial maneuvers ever conducted, inviting readers on a journey through the collapse that reshaped the global economy.

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Released
2009
1 Nov
Length
304
Pages

1

recommendations

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He made a lot of money from entirely legal ways but may have created a lot of trouble for himself in the process. - Charlie Munger
By describing the collapse of the financial system as a natural disaster, rather than as a series of man-made errors, countless pros acted blameless and retained lucrative jobs.
— Gregory Zuckerman, The Greatest Trade Ever

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