The Greatest Trade Ever
The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
in:
Investing
Summary:
The book chronicles hedge fund manager John Paulson's strategic bet against the US housing market, which led to a profit of over $20 billion for his fund during the financial crisis of 2007-2008. It details the development of his investment thesis, the construction of his market-shorting instruments, and the challenges he faced in executing one of the most lucrative trades in financial history.
Key points:
1. Housing Bubble Explanation: The book details the overvalued housing market and the 2008 financial crisis it caused.
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