The Greatest Trade Ever: How John Paulson Bet Against the Markets and Made $20 Billion

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Penguin Books Limited, Mar 4, 2010 - Biography & Autobiography - 304 pages
2 Reviews

'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

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LibraryThing Review

User Review  - halta - LibraryThing

Loved the John Paulson story---yikes he had it dead right---but took him a few years to come to fruition...wall street was on the other side to the trade wouldn't price cdo's cds's properly...until the world imploded....also tAlked about others who had it right....Michael burry,jeff green.... Read full review

User Review - Flag as inappropriate

Good book. A little monotonous.
It doesn't explain that CDS are different to insurance in the fact that the principle of insurable interest isn't applicable to CDS.
Also, gets too much into the past and childhood of the fund managers - sometimes a bit out of context. 

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About the author (2010)

Gregory Zuckerman is a senior writer at the Wall Street Journal where he pens the 'Heard on the Street' column. He appears on CNBC-TV twice a week to explain complex trades. His team has won the New York Press Club Journalism Award and the Gerald Loeb Award for their coverage of the credit crisis.

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