The Greatest Trade Ever: How John Paulson Defied Wall Street and Made Financial History

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 W

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. 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.. In 2006, hedge fund manager John Paulson realized somethi

A must for everyone who uses money!! Excellent insight into the greatest criminal economic travesty ever visited on the American people. The $7,000,000,000 (trillion) loss is second only to Bernie Madoff and the cumulative Ponzi schemers. The revelation of the inept complicity of the U.S. governments actions/inaction visa vie the SEC is not surprising. However, it is stunning in its scope and duration.The authors research, verification and "novel" like delivery makes for an intriguing "who dunnit." The folks who saw the disaster com. MUST READ! Great Book, many details of the financial fiasco of 2007 and 2008! Read and learn exactly how STUPID our own government was and is on the subject of bank regulation and mortgage stupidity! Does not give enough credit to Dr. Michael Burry, who FIRST discovered this!. Crazy Times This book does a nice job of recapturing one of the strangest and scariest times in our financial hilarity and the people that saw it coming.

It is also a surprisingly dramatic workIn The Greatest Trade Ever, Zuckerman skillfully shows how Paulson and a few cohorts anticipated a disaster and figured out a way to profit.”--BusinessWeek"More than a cinematic narrative of how Paulson and others figured out how to short the market. The book is compulsory reading for those looking for exceptional insights on the complex forces that interconnect Wall Street, hedge funds and Main Street."--Mohamed El-Erian, Chief Executive Officer of Pacific Investment Management Co. "Simply terrific. Easily the best of the post-crash financial books." --Malcolm Gladwell"Mr. We’re also reminded of how opaque and illiquid some financial instruments are, how little Wall Street executives understood them, and how difficult it was for more knowledgeable bankers to say that the subprime emperor had no clothes."--Bloomberg"Zuckerman has a st