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

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

作者:GregoryZuckerman

出版社:BroadwayBooks

副标题:TheBehind-the-ScenesStoryofHowJohnPaulsonDefiedWallStreetandMadeFinancialHistory

出版年:2009-11-3

页数:304

定价:USD26.00

装帧:Hardcover

ISBN:9780385529914

内容简介
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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.

作者简介
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【美】格里高利•祖克曼

 《华尔街日报》资深专栏作家,曾在该报任记者12年,为著名的“Heard on the Street”专栏写作对冲基金,投资等方面的文章。

 每周两次出席消费者新闻与商业频道(CNBC)节目,对复杂的交易技术及金融市场进行探讨和分析。

 因报道“世通倒闭”及“美

评论 ······

当年看的我荡气回肠、狼心狗肺、两眼放光。。。

即使是看到了同样的事情在发生,不同的人在不同的背景和反馈的影响下还是会做出不同的反应、得到不同的结果。整本书迂回悠长,原来即使是这些在GFC中大赚一笔的少数也不是直挂云帆济沧海的。读完后只有一个问题,和半路被迫斩仓的MB不同,JP不断加码的执着和坚韧是从哪里来的?

audiobook. 这属于什么…道理我都懂但就是过不好的系列?心理承受能力不行的干不了这一行倒是

扫读了前几章 交易逻辑的重构虽然有了1手珍贵的访谈资料但是并不完整 考虑到街上成功人士的自大和傲慢 难免加了很多事后的英雄式的回忆 读着虽然有料 但是感觉夸张的不舒服 赌CDS是一场和Timing的比赛 时间点的拿捏和运气比一把梭重要多了

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