Written by the prizewinning reporter who broke the story in the wall street journal, the greatest trade ever is a superbly written behindthescenes narrative of how a contrarian foresaw an escalating financial crisis. Nov 19, 2009 if youve noticed the small size of this article, you may suspect that this article itself is not the greatest trading book ever. By purchasing this title, you may be eligible to receive an ebook credit toward. This book covers the same subject that michael lewis covers in the big short inside the doomsday machine and most of the same characters. The book investigates the reasons and consequences of the subprime mortgage crisis and the role that hedge fund manager john paulson played in. The behindthescenes story of how john paulson defied wall. Download it once and read it on your kindle device, pc, phones or tablets. The behindthescenes story of how john paulson defied wall street and made financial history kindle edition by zuckerman, gregory. The behindthescenes story of how john paulson defied wall street and made financial history is a debut nonfiction book by american journalist gregory zuckerman.
The greatest trade is the gripping true story of a cattle traders son, who begins adulthood by literally betting the family farmand losing it all in the futures market. Bank equity returns load positively on peripheral greece, italy, ireland, portugal, spain, or giips bond returns and negatively on german government bond returns, which generated carry until the deteriorating giips bond returns adversely affected bank balance sheets. Paperback trade fiction february 14, 2016 paperback trade fiction february 14, 2016. The principal characters in the books drama are the following. Use features like bookmarks, note taking and highlighting while reading the greatest trade ever. Its a tale of folly and wizardry, individual brilliance versus institutional stupidity. The greatest trade ever by gregory zuckerman waterstones. Gregory zuckerman is a special writer at the wall street journal and the author of the greatest trade ever. The greatest trade ever the case of the journalist who didnt bark. This book really made me stop and think about the financial industry in more depth. The greatest trade ever is a candy store for those with an interest in finance, the politics of making money, and the study of risk and return.
Top traders making big profits from the crash of 1929 to today wiley. The greatest trade ever is an important book for understanding the mechanics of trading credit default swaps. This copy is for your personal, noncommercial use only. In addition to detailing what the book s title deems, the behind the scenes story of how john paulson defied wall street and made financial history, zuckerman manages to humanize paulson through his insider look. The michael vick trade by 2001, the final hopes created by the 1998 atlanta falcons who had reached the super bowl were evaporated. In smalltown wyoming, steven meyers enjoyed a carefree childhood, rooted in the sound tradition of faith and oldfashioned hard work.
We show that eurozone bank risks during 200720 can be understood as carry trade behavior. Over time, the paulson trade gained a second moniker one besides the greatest trade ever. The john elway trade sometimes it pays to be in the right place and the right time. In his new book, the greatest trade ever, gregory zuckerman, a reporter at the wall street journal, examines how the unlikely team of paulson and assistant paolo pellegrinias well as a few. Be the first to ask a question about the greatest trade ever. The greatest trade of all time the daily reckoning. With wisdomtree, hes back to upend wall street againthis time, with the littleguy investor at his side. The greatest trade ever is a fascinating and entertaining read, fully comprehensible for those nonwall street insiders, exposing the underbelly of the financial industry in the midst of the bursting housing bubble. Conversely, one incredibly dumb trade can set a franchise back years.
The greatest trade for every nfl team in history page 11. It was the fall of 1987, and the worlds securities markets were on a collision course with one of the most unforgettable moments in u. I agreed, and we met for an hour over a couple of beers. I met some friendly roleplayers and made a great deal with them. The book provides good insight into why it is so hard to figure out whether or not a financial institution is sound. The story of one mans refusal to believe in the health of the housing boom tells. The behind the scenes story of how john paulson defied wall street and made financial history kindle edition by zuckerman, gregory. This article will explain exactly how you can create the greatest trading book ever. The greatest trader who ever lived when jesse livermore made his first stock trade at the tender age of 15, he didnt hedge his bets. Profiting from the crash in his 2009 book, wall street journal reporter greg zuckerman was the first to lay out how mr. The greatest trading book ever about 3 months ago, a 22 yearold friend of a friend well call him mike asked if he could sit down with me and pick my brain about stock trading.
One of the biggest attractions of trading for most people is the amount of. He consulted the charts hed compiled working as a chalkboard runner in a boston brokerage firm, and when the figures for the company in question, burlington, checked out, he went all in. It is also a book that considers the ethical dilemmas we are faced with in business. Paulson approached banks, including goldman and bear stearns among others.
If youve noticed the small size of this article, you may suspect that this article itself is not the greatest trading book ever. Gregory zuckermans new book, the greatest trade ever, somewhat changes that. The greatest trade ever by wall street journal reporter gregory zuckerman has been a book i had kept meaning to read, although i had initially assumed it was probably just another book on the. Acharya sascha steffen january 14, 2014 abstract we show that eurozone bank risks during 200720 can be understood as a form of carry trade behavior. Bank equity returns load positively on peripheral greece, italy, ireland, portugal. Thanks to a bestselling book about the mortgage crisis that was written by michael lewis, the. This makes this book one of the top ten trading books of all time. The greatest trade ever is about the 20072008 financial crisis and how some people who made money, when everyone else was losing money as i write this we are in the middle of covid, so these notes are to see if you can take lessons learned from 2008 financial crisis and apply it to 2020 covids financial impact.
However, the book title is a bit of a misnomer in my mind. Aug 23, 2011 the greatest trade of all time on its way to becoming the worlds greatest superpower, the united states pulled off some truly remarkable trades. The behind the scenes story of how john paulson defied wall street and made financial history is a debut nonfiction book by american journalist gregory zuckerman. The author spends most of the book talking about whether someones mother grew up in a poor. In short, this book is a five star read on many dimensions. The behindthescenes story of how john paulson defied wall street and made financial history. The book investigates the reasons and consequences of the subprime mortgage crisis and the role that hedge fund manager john paulson played in those events. Written by the prizewinning reporter who broke the story in the wall street journal, the greatest trade ever is a superbly written, fastpaced, behindthescenes narrative of how a contrarian foresaw an escalating financial crisisthat outwitted chuck prince, stanley oneal, richard fuld, and wall streets titansto make financial history. Bloomberg in his new book, the greatest trade ever, gregory zuckerman, a reporter at the wall street journal, examines how the unlikely team of paulson and assistant paolo pellegrinias well as a few other investorsbucked conventional wisdom and saw through the housing hype. The greatest trade for every nfl team in history page 3. This book tells the story of one such refusenik, hedge fund manager john. Veneziani, a trader and writer on markets, financial news, hedge funds, and economics for financial publisher markets media, describes how top traders made huge profits during the most. The book was released on november 3, 2009 by crown business. More than a cinematic narrative of how paulson and others figured out how to short the market.
While the big short had michael burry as the central character and main point of view the greatest trade ever has john paulson at the center and the story is mostly his account of what happened. In the greatest trade ever, zuckerman skillfully shows how paulson and a few. The team was old in too many places, especially quarterback and in need of new blood. In the greatest trade ever, gregory zuckerman details. Review to be honest, i was bit apprehensive when i started with this book. The greatest trade ever is aptly titled, for it is possibly the greatest book to come out of the financial crisis of 2007 2008, and its certainly up there in the top 3. Oct 12, 2015 the greatest trade ever by wall street journal reporter gregory zuckerman has been a book i had kept meaning to read, although i had initially assumed it was probably just another book on the.
Paulsons background was in mergers and acquisitions, however. John paulson and paolo pellegrini, obscure wall street longtimers who had never had a big hit but. The behindthescenes story of how john paulson defied wall street and made financial history, a new york times and wall street journal best seller. Dec 07, 2010 written by the prizewinning reporter who broke the story in the wall street journal, the greatest trade ever is a superbly written, fastpaced, behind the scenes narrative of how a contrarian foresaw an escalating financial crisisthat outwitted chuck prince, stanley oneal, richard fuld, and wall streets titansto make financial history. Gregory zuckerman has produced an eminently readable story about the wall street winners and losers in the financing of the recent housing bubble. The foreign exchange market is the largest market in the world because currency is changing hands whenever goods and services are traded between nations.
This was 4th book in quick succession on the same topic for me and i feared it may not capture my interest. Written by the prizewinning reporter who broke the story in the wall street journal, the greatest trade ever is a superbly written, fastpaced, behind the scenes narrative of how a contrarian foresaw an escalating financial crisisthat outwitted chuck prince, stanley oneal, richard fuld, and wall streets titansto make financial history. As i sip my morning cup of lombok coffee, now i have to figure out what it means. Jun 17, 2017 i got luger, flames, deathspeaker, hallows edge, nightblade, 7 seers, and spider. In addition to detailing what the books title deems, the behindthescenes story of how john paulson defied wall street and made financial history, zuckerman manages to humanize paulson through his insider look.
Paulsons involvement in the abacus2007ac1 deals resulted in goldman. The scale of paulsons big bet, the greatest trade ever, as greg. One great trade can change the course of an nfl franchise forever. In 2006, hedge fund manager john paulson realized something few others suspectedthat the housing market and the value of subprime mortgages were grossly inflated. The longer you trade, the more relevant this book becomes. Michael steinhardt michael steinhardt forged the model for making hedge fund billions before exiting the game. In 2006, hedge fund manager john paulson realized something few others suspectedthat the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Everyday low prices and free delivery on eligible orders.
Paulson not only guessed way in advance that the housing boom was going to. Rather than back down, however, paulson redoubled his bets, putting his hedge fund and his reputation on the line. The greatest trade ever gregory zuckerman special writer at. Hedgefund manager john paulsons greatest trade ever. Pdf the greatest trade ever download full pdf book. The greatest trade of all time on its way to becoming the worlds greatest superpower, the united states pulled off some truly remarkable trades. John paulson, the subject of the new book the greatest trade ever, posted his new f filing on friday. The greatest trade ever audiobook by gregory zuckerman. Acharya sascha steffen june 10, 2014 abstract we show that eurozone bank risks during 200720 can be understood as carry trade behavior. His bearish view on the housing market was diametrically opposed by the street.
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