The Greatest Trade Ever

书名：The Greatest Trade EverTheBehind-the-ScenesStoryofHowJohnPaulsonDefiedWallStreetandMadeFinancialHistory
作者：GregoryZuckerman
译者：
ISBN：9780385529914
出版社：BroadwayBooks
出版时间：2009-11-3
格式：epub/mobi/azw3/pdf
页数：304
豆瓣评分： 8.4

书籍简介：

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 stocks continued to soar. Rather than back down, however, Paulson redoubled his bets, putting his hedge fund and his reputation on the line. In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm–a figure that dwarfed George Soros's billion-dollar currency trade in 1992. Paulson made billions more in 2008 by transforming his gutsy move. Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough. Written by the prizewinning reporter who broke the story in The Wall Street Journal , The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis–that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans–to make financial history.

作者简介：

【美】格里高利•祖克曼

《华尔街日报》资深专栏作家，曾在该报任记者12年，为著名的“Heard on the Street”专栏写作对冲基金，投资等方面的文章。

每周两次出席消费者新闻与商业频道（CNBC）节目，对复杂的交易技术及金融市场进行探讨和分析。

因报道“世通倒闭”及“美

书友短评：

@ · 读完最受触动的三部分：1) 插播了一系列历史上看对趋势却遭受巨大损失的著名案例 2) 对“小人物” Paolo Pellegrini不吝笔墨的描写，能看到一个非英语母语的普通人在美国社会的挣扎，以及一个底层奋斗者性格上的缺陷，这些缺陷即使在他“成功”后仍然笼罩着他，限制了他的发展。3) 书末对08年危机成因的讨论，没有陷入对华尔街贪婪的简单批判。另外对于空头们在交易过程中的愤怒怀疑绝望和巨大压力，我有感同身受，也能深刻体会利益相关对观点产生的巨大的bias，是需要时刻引以为戒的。 @ cniL 扫读了前几章 交易逻辑的重构虽然有了1手珍贵的访谈资料但是并不完整 考虑到街上成功人士的自大和傲慢 难免加了很多事后的英雄式的回忆 读着虽然有料 但是感觉夸张的不舒服 赌CDS是一场和Timing的比赛 时间点的拿捏和运气比一把梭重要多了 @ apocalY*ptic13 围绕十多年前的那场危机，刻画了参与其中的众多人物。有生平简介有人生故事，有漫长决策交易中的起起伏伏和心路历程。作为读者用上帝视角回看这些人和事，也能带入一些心境，依然挺感慨的。

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