The Greatest Trade Ever: How One Man Bet Against the Markets and Made $20 Billion

3.98 avg rating
( 4,754 ratings by Goodreads )
 
9780141043159: The Greatest Trade Ever: How One Man Bet Against the Markets and Made $20 Billion

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.

"synopsis" may belong to another edition of this title.

About the Author:

GREGORY ZUCKERMAN is a senior writer at the Wall Street Journal, where he has been a reporter for twelve years. He pens the widely read “Heard on the Street” column and writes about hedge funds, investing, and other Wall Street topics. Zuckerman appears on CNBC twice a week to explain complex trades. He is a two-time winner of the Gerald Loeb Award for coverage of the credit crisis, the demise of WorldCom, and the collapse of hedge fund Amaranth Advisors, and he is a recipient of other awards. 

From AudioFile:

John Paulson took home $4 billion in 2007 as his share of the deals his firm made in anticipation of a mortgage crisis. Wall Street Journal reporter Gregory Zuckerman profiles Paulson and others who saw the economic disaster coming. Narrator Marc Cashman reads with a blend of sound journalism and admiring astonishment as Zuckerman casts Paulson as an underdog of high finance. That part might be an exaggeration--Paulson was savvy enough to see what others missed and had enough money to place bets that would reap billions--but Zuckerman's detailed analysis of Paulson's thought processes provides a valuable look at financial indicators that should interest any investor. J.A.S. AudioFile 2010, Portland, Maine

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Gregory Zuckerman
Published by Penguin Books Ltd, United Kingdom (2010)
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Paperback Quantity Available: 10
Seller
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd, United Kingdom, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. The definitive account of a sensational trade Michael Lewis, author of The Big Short 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. 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. Bookseller Inventory # APG9780141043159

More Information About This Seller | Ask Bookseller a Question

Buy New
7.63
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

2.

Gregory Zuckerman
Published by Penguin Books Ltd, United Kingdom (2010)
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Paperback Quantity Available: 10
Seller
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd, United Kingdom, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. The definitive account of a sensational trade Michael Lewis, author of The Big Short 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. 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. Bookseller Inventory # APG9780141043159

More Information About This Seller | Ask Bookseller a Question

Buy New
7.86
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Gregory Zuckerman
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Quantity Available: 20
Seller
BWB
(Valley Stream, NY, U.S.A.)
Rating
[?]

Book Description Book Condition: New. Depending on your location, this item may ship from the US or UK. Bookseller Inventory # 97801410431590000000

More Information About This Seller | Ask Bookseller a Question

Buy New
7.87
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

Zuckerman, Gregory
Published by Penguin
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Softcover Quantity Available: > 20
Seller
Sunshine Book Store
(Wilmington, DE, U.S.A.)
Rating
[?]

Book Description Penguin. Book Condition: New. 0141043156 Brand New, Paperback, Choose Expedited shipping for GUARANTEED delivery within 4-5 business days. Standard Delivery within 6-14 business days. We may not ship to PO Box, APO , FPO Address, please contact us. Customer satisfaction guaranteed. Bookseller Inventory # SO_9780141043159

More Information About This Seller | Ask Bookseller a Question

Buy New
9.02
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

5.

Gregory Zuckerman
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Paperback Quantity Available: > 20
Seller
US_Superfast_Bookstore
(New Castle, DE, U.S.A.)
Rating
[?]

Book Description Paperback. Book Condition: New. Brand New Paperback Same Title Author and Edition as listed. Standard Delivery within 6-14 business days ACROSS THE GLOBE. Access code/CD may not provided with these editions. We may ship the books from multiple warehouses across the globe including Asia depending upon the availability of inventory. Printed in English. Bookseller Inventory # O_9780141043159

More Information About This Seller | Ask Bookseller a Question

Buy New
7.34
Convert Currency

Add to Basket

Shipping: 2.03
Within U.S.A.
Destination, Rates & Speeds

6.

Gregory Zuckerman
Published by Penguin 2010-07-29 (2010)
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Paperback Quantity Available: 5
Seller
Chiron Media
(Wallingford, United Kingdom)
Rating
[?]

Book Description Penguin 2010-07-29, 2010. Paperback. Book Condition: New. Bookseller Inventory # NU-GRD-00557123

More Information About This Seller | Ask Bookseller a Question

Buy New
6.79
Convert Currency

Add to Basket

Shipping: 2.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Gregory Zuckerman
Published by Penguin Books Ltd 2010-07-29, London (2010)
ISBN 10: 0141043156 ISBN 13: 9780141043159
New paperback Quantity Available: 5
Seller
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Penguin Books Ltd 2010-07-29, London, 2010. paperback. Book Condition: New. Bookseller Inventory # 9780141043159

More Information About This Seller | Ask Bookseller a Question

Buy New
7.64
Convert Currency

Add to Basket

Shipping: 3
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Gregory Zuckerman
Published by Penguin (2010)
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Paperback Quantity Available: 2
Seller
The Monster Bookshop
(Fleckney, United Kingdom)
Rating
[?]

Book Description Penguin, 2010. Paperback. Book Condition: New. BRAND NEW ** SUPER FAST SHIPPING FROM UK WAREHOUSE ** 30 DAY MONEY BACK GUARANTEE. Bookseller Inventory # mon0000198318

More Information About This Seller | Ask Bookseller a Question

Buy New
8.89
Convert Currency

Add to Basket

Shipping: 1.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

Zuckerman, Gregory
Published by Viking
ISBN 10: 0141043156 ISBN 13: 9780141043159
New PAPERBACK Quantity Available: 13
Seller
Mediaoutlet12345
(Springfield, VA, U.S.A.)
Rating
[?]

Book Description Viking. PAPERBACK. Book Condition: New. 0141043156 *BRAND NEW* Ships Same Day or Next!. Bookseller Inventory # SWATI2122636314

More Information About This Seller | Ask Bookseller a Question

Buy New
8.15
Convert Currency

Add to Basket

Shipping: 3.06
Within U.S.A.
Destination, Rates & Speeds

10.

Gregory Zuckerman
ISBN 10: 0141043156 ISBN 13: 9780141043159
New Quantity Available: 5
Seller
WFL
(Holtsville, NY, U.S.A.)
Rating
[?]

Book Description Book Condition: New. New , Ready to ship, 5-8 business days worldwide delivery. Bookseller Inventory # FGYC1G9694

More Information About This Seller | Ask Bookseller a Question

Buy New
8.27
Convert Currency

Add to Basket

Shipping: 3.38
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book