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

图书标准信息

• 作者 Gregory Zuckerman（格雷戈里·祖克曼） 著
• 出版社 Random House US
• 出版时间 2010-12
• 版次 1
• ISBN 9780385529945
• 定价 119.50元
• 装帧 平装
• 开本 32开
• 纸张 胶版纸
• 页数 320页
• 正文语种 英语

【内容简介】

In2006,hedgefundmanagerJohnPaulsonrealizedsomethingfewotherssuspected--thatthehousingmarketandthevalueofsubprimemortgagesweregrosslyinflatedandheadedforamajorfall.Paulson'sbackgroundwasinmergersandacquisitions,however,andheknewlittleaboutrealestateorhowtowageragainsthousing.Hehadspentacareerasanalso-ranonWallStreet.ButPaulsonwasconvincedthiswashischancetomakehismark.Hejustwasn'tsurehowtodoit.Colleaguesatinvestmentbanksscoffedathimandinvestorsdismissedhim.EvenprosskepticalabouthousingshiedawayfromthecomplicatedderivativeinvestmentsthatPaulsonwasjustlearningabout.ButPaulsonandahandfulofrenegadeinvestorssuchasJeffreyGreeneandMichaelBurrybegantobetheavilyagainstriskymortgagesandprecariousfinancialcompanies.Timingiseverything,though.Initially,Paulsonandtheotherslosttensofmillionsofdollarsasrealestateandstockscontinuedtosoar.Ratherthanbackdown,however,Paulsonredoubledhisbets,puttinghishedgefundandhisreputationontheline.

Inthesummerof2007,themarketsbegantoimplode,bringingPaulsonearlyprofits,butalsosparkingeffortstorescuerealestateandderailhim.Byyear'send,though,JohnPaulsonhadpulledoffthegreatesttradeinfinancialhistory,earningmorethan$15billionforhisfirm--afigurethatdwarfedGeorgeSoros'sbillion-dollarcurrencytradein1992.Paulsonmadebillionsmorein2008bytransforminghisgutsymove.Someoftheunderdoginvestorswhoattemptedthedaringtradealsoreapedfortunes.Butotherswhogotthetimingwrongmetdevastatingfailure,discoveringthatbeingearlyandrightwasn'tnearlyenough.

WrittenbytheprizewinningreporterwhobrokethestoryinTheWallStreetJournal,TheGreatestTradeEverisasuperblywritten,fast-paced,behind-the-scenesnarrativeofhowacontrarianforesawanescalatingfinancialcrisis--thatoutwittedChuckPrince,StanleyO'Neal,RichardFuld,andWallStreet'stitans--tomakefinancialhistory.

【作者简介】

GREGORYZUCKERMANisaseniorwriterattheWallStreetJournal,wherehehasbeenareporterfortwelveyears.Hepensthewidelyread"HeardontheStreet"columnandwritesabouthedgefunds,investing,andotherWallStreettopics.ZuckermanappearsonCNBCtwiceaweektoexplaincomplextrades.Heisatwo-timewinneroftheGeraldLoebAwardforcoverageofthecreditcrisis,thedemiseofWorldCom,andthecollapseofhedgefundAmaranthAdvisors,andheisarecipientofotherawards.