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

Gregory Zuckerman

eBook - 2009

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...

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Subjects
Published
Crown
Language
English
Main Author
Gregory Zuckerman
Online Access
OverDrive Resource Page
Format
Kindle Book, OverDrive Read eBook
Kindle Book
ASINB002UBRFFU
Release Date2/9/2010
OverDrive Read eBook
ISBN9780385529938
Release Date2/9/2010