Mar 06, 2010 the story of one mans refusal to believe in the health of the housing boom tells us a great deal about the financial crisis but is not a gripping general read, says heather stewart. This was 4th book in quick succession on the same topic for me and i feared it may not capture my interest. Druckenmiller also made the german mark an integral part of the greatest currency trade in history. The behind the scenes story of how john paulson defied wall street and made financial history kindle edition by zuckerman, gregory. The greatest trade for every nfl team in history page 16. Obviously i am still playing catch up in my reading, and have probably come to. May 14, 2012 the greatest currency trades ever made. Second, only a handful less than 10, probably of players on wall street profited enormously from this momentous event.
The greatest trade of all time on its way to becoming the worlds greatest superpower, the united states pulled off some truly remarkable trades. Everyday low prices and free delivery on eligible orders. In short, the greatest trade ever is a magnificent insider look at how paulson and others profited off of subprimes demise, detailing both the formulation and implementation of such a trade. The greatest trade for every nfl team in history page 11. 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. I met some friendly roleplayers and made a great deal with them. 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. Where can i find a free pdf of the book the greatest. Easily the best of the postcrash financial books malcolm.
We show that eurozone bank risks during 20072012 can be understood as a carry trade. The greatest trade ever is an important book for understanding the mechanics of trading credit default swaps. Pdf the greatest trade ever download full pdf book. With wisdomtree, hes back to upend wall street againthis time, with the littleguy investor at his side. We also get a closetotheground view of the machinations of wall street which is fascinating in and of itself. The greatest trade ever chronicles how hedge fund manager paulson and others bet against subprime and reaped billions. We also get a closeto the ground view of the machinations of wall street which is fascinating in and of itself. This article will explain exactly how you can create the greatest trading book ever. 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 greatest trade ever the case of the journalist who didnt bark.
Acharya sascha steffen april 26, 20 abstract this paper argues that the european banking crisis can in part be explained by a carry trade behavior of banks. Gregory zuckerman author of the greatest trade ever. The story of one mans refusal to believe in the health of the housing boom tells us a great deal about the financial crisis but is not a gripping general read, says heather stewart. In short, this book is a five star read on many dimensions. It chronicles the hedge funds uprising and shows you how before this one idea, the. The behindthescenes story of how john paulson defied wall street and made financial history 4. Acharya sascha steffen june 10, 2014 abstract we show that eurozone bank risks during 200720 can be understood as carry trade behavior. The behindthescenes story of how john paulson defied wall street and made financial history is a debut nonfiction book by american journalist gregory zuckerman. If youve noticed the small size of this article, you may suspect that this article itself is not 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. John paulson, a softly spoken hedgefund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble.
One great trade can change the course of an nfl franchise forever. 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. No nation was ever ruined by trade, even seemingly the most disadvantageous. No nation was ever ruined by trade the soul of atlas. Review to be honest, i was bit apprehensive when i started with this book. 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. Gregory zuckerman has produced an eminently readable story about the wall street winners and losers in the financing of the recent housing bubble. Do you think that his words apply to todays western economy. Zuckerman spoke at mits sloan school of management. John paulson, the subject of the new book the greatest trade ever, posted his new f filing on friday. The greatest currency trades ever made investopedia.
The book was released on november 3, 2009 by crown business. So gregory zuckermans the greatest trade ever is a mixed blessing. Nov 16, 2009 john paulson, the subject of the new book the greatest trade ever, posted his new f filing on friday. Hedgefund manager john paulsons greatest trade ever.
Its a tale of folly and wizardry, individual brilliance versus institutional stupidity. Obviously i am still playing catch up in my reading, and have probably come to this one after many of you. The book provides good insight into why it is so hard to figure out whether or not a financial institution is sound. 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. The jaguars used that pick to draft a young running back out of florida named fred taylor. First, he bet big on the largest economic event of the last 70 years and earned billions doing it. Use features like bookmarks, note taking and highlighting while reading the greatest trade ever. Dec 30, 2010 so gregory zuckermans the greatest trade ever is a mixed blessing. Benjamin franklin what do you think benjamin franklin meant by no nation was ever ruined by trade. John paulson made the biggest winning bet in history. 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. The work of senior wall street journal writer zuckerman falls right into our niche and gives us an unprecedented look with exclusive access to paulson through more than fifty hours of interview. It is also a book that considers the ethical dilemmas we are faced with in business. 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.
If you dont have any of those, i will take anything in tradebait. 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. The behindthescenes story of how john paulson defied wall street and made financial history. In 2006, hedge fund manager john paulson realized somethin. It was one of the most finely crafted trade maneuvers a team has ever pulled off. 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 zuckerman, gregory on. 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. The behindthescenes story of how john paulson defied wall street and made financial history kindle edition by zuckerman. 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. Paulson not only guessed way in advance that the housing boom was going to. The reader gets to follow the execution of, literally, the greatest trade ever. Paulsons background was in mergers and acquisitions, however, and he knew little about real estate or how to wager. Bank equity returns load positively on peripheral greece, italy, ireland, portugal. The behindthescenes story of how john paulson defied wall street and made financial history book online at. Paulson does indeed deserve the title of having made the greatest trade ever.
Asset pricing, corporate finance, international finance and macroeconomics, monetary economics we show that eurozone bank risks during 20072012 can be understood as a carry trade behavior. The john elway trade sometimes it pays to be in the right place and the right time. The behindthescenes story of how john paulson defied wall. I guess jackson thinks its the greatest trade in football because he stole palmer for only of what the vikes got hosed with. 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. We show that eurozone bank risks during 200720 can be understood as carry trade behavior. 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. 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. 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. Conversely, one incredibly dumb trade can set a franchise back years. Download it once and read it on your kindle device, pc, phones or tablets. 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. Jul 29, 2010 john paulson, a softly spoken hedgefund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble. Factor loading estimates from multifactor models relating equity returns to.
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