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

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  • Engels
  • E-book
  • 9780670918379
  • 04 maart 2010
  • Adobe ePub
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Gregory Zuckerman

Gregory Zuckerman (www.gregoryzuckerman.com) is a Special Writer at The Wall Street Journal, a 20-year veteran of the paper and a three-time winner of the Gerald Loeb award -- the highest honor in business journalism. Greg is the author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, a national bestseller named among the best books of 2014 by The Financial Times and Forbes Magazine, and The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History, a New York Times and Wall Street Journal bestseller published December 2010.

At the Journal, Greg writes about big financial firms, personalities and trades, hedge funds, the energy revolution and other investing and business topics. Greg appears regularly on CNBC, Fox Business, Yahoo Finance, Bloomberg Television and various television networks. He makes regular appearances on National Public Radio, BBC, ABC Radio, Bloomberg Radio, and radio stations around the globe. Greg gives speeches to business groups on a variety of topics.

A graduate of Brandeis University, Greg lives with his wife and two sons in West Orange, N.J., where they enjoy the Yankees in the summer, root for the Giants in the fall, and reminisce about Linsanity in the winter. Follow him on Twitter @gzuckerman.

Samenvatting

Back in 2006, hunched over spreadsheets, hedge fund titan John Paulson realised that the housing market was vastly overstretched. Fuelled by sub-prime mortgages, it was a classic bubble ready to burst. He had waited his whole life for this perfect trade.

Paulson, who had never dealt in real-estate before, struggled to convince bullish Wall Street investors about the coming crash. But as house prices began to falter and the financial system collapsed, he reaped the rewards. He made a now-legendary series of trades, executed with technical skill and perfect timing.

The results were spectacular. In a single morning in late 2007 Paulson made $1.25bn from a five-point fall in the markets. Across the year he earned $15 billion for his fund, including $4 billion for himself - more than the incomes of J.K Rowling, Oprah Winfrey and Tiger Woods put together. It was the largest trading windfall in history by far, securing his place in the history books alongside Warren Buffet and George Soros.

Written with the exclusive co-operation of the highly secretive Paulson, The Greatest Trade Ever tells the full story of his trade for the first time. Like Barbarians at the Gate 20 years ago, it also tells a wider story of staggering wealth accumulation, hubris and financial whizzery. It is essential reading for anyone seeking to understand the inner workings of the markets - and trying to spot the next bubble.

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04 maart 2010
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Gregory Zuckerman
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Penguin

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9780670918379

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  • Page-turner

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    • Toegankelijk
    • Compleet
    • inzicht in de mensen erachter

    Goed geschreven verhaal, dat je meeneemt in de mensen achter de trade en je een interessant beeld geeft van de wereld van investeringsfondsen. Het neemt je me van begin tot het eind, laat de complexiteit zien en tevens de impact ervan op de mensen. Erg interessant.

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