The Greatest Trade Ever
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  • Published: 12 October 2010
  • ISBN: 9780141043159
  • Imprint: Penguin General UK
  • Format: Paperback
  • Pages: 304
  • RRP: $32.00

The Greatest Trade Ever

How John Paulson Bet Against the Markets and Made $20 Billion

Formats & editions
EBook
31 May 2010
Audiobook
5 Dec 2019
Paperback
12 Oct 2010
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The thrilling story of the trader who predicted the crash - and made the biggest windfall in history

Autumn 2008. The world's finances collapse but one man makes a killing.
John Paulson, a softly spoken hedge-fund manager who still took the bus to work, seemed unlikely to stake his career on one big gamble. But he did - and The Greatest Trade Ever is the story of how he realised that the sub-prime housing bubble was going to burst, making $15 billion for his fund and more than $4 billion for himself in a single year. It's a tale of folly and wizardry, individual brilliance versus institutional stupidity.
John Paulson made the biggest winning bet in history. And this is how he did it.
  • Published: 12 October 2010
  • ISBN: 9780141043159
  • Imprint: Penguin General UK
  • Format: Paperback
  • Pages: 304
  • RRP: $32.00
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Praise for The Greatest Trade Ever

Simply terrific. Easily the best of the post-crash financial books

Malcolm Gladwell

Greg Zuckerman was the first to tell the world about John Paulson's sensational trade . . . He's written the definitive account of a strange and wonderful subplot of the financial crisis

Michael Lewis, author of Liar's Poker

A must-read for anyone fascinated by financial madness

Mail on Sunday

A forensic, read-in-one-sitting book

Sunday Times

Extraordinary, excellent

Observer

Compelling

Economist

Zuckerman takes us to Wall Street's heart of darkness, where mushroomed a $1 trillion subprime mortgage market that only the few, the brave, the smart dared short. This is at once a great page-turner and a great illuminator of the market's crash.

John Heylar, co-author of Barbarians at the Gate

Much, much more than a brilliant account of Paulson's trade of the century; this book also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. Compulsory reading.

Mohamed El-Erian, CEO of Pacific Investment Management Co and author of When Markets Collide

A magnificent insider look at how Paulson and others profited off of subprime's demise... insightful and gripping.

Marketfolly.com