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

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

Gregory Zuckerman

More Information

Description:

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

Language:

English

Narrators:

Marc Cashman

Length:

11h 43m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

00:20


Chapter 2
Chapter 2

07:37


Chapter 3
Chapter 3

06:22


Chapter 4
Chapter 4

05:50


Chapter 5
Chapter 5

07:02


Chapter 6
Chapter 6

06:31


Chapter 7
Chapter 7

05:49


Chapter 8
Chapter 8

07:37


Chapter 9
Chapter 9

05:34


Chapter 10
Chapter 10

05:42


Chapter 11
Chapter 11

06:22


Chapter 12
Chapter 12

06:05


Chapter 13
Chapter 13

06:50


Chapter 14
Chapter 14

05:40


Chapter 15
Chapter 15

07:31


Chapter 16
Chapter 16

07:19


Chapter 17
Chapter 17

06:55


Chapter 18
Chapter 18

06:55


Chapter 19
Chapter 19

06:15


Chapter 20
Chapter 20

05:11


Chapter 21
Chapter 21

07:22


Chapter 22
Chapter 22

05:51


Chapter 23
Chapter 23

07:28


Chapter 24
Chapter 24

07:28


Chapter 25
Chapter 25

06:05


Chapter 26
Chapter 26

06:00


Chapter 27
Chapter 27

06:35


Chapter 28
Chapter 28

07:01


Chapter 29
Chapter 29

06:40


Chapter 30
Chapter 30

06:32


Chapter 31
Chapter 31

05:55


Chapter 32
Chapter 32

05:17


Chapter 33
Chapter 33

05:48


Chapter 34
Chapter 34

06:21


Chapter 35
Chapter 35

06:24


Chapter 36
Chapter 36

05:52


Chapter 37
Chapter 37

06:24


Chapter 38
Chapter 38

07:03


Chapter 39
Chapter 39

05:14


Chapter 40
Chapter 40

07:47


Chapter 41
Chapter 41

06:30


Chapter 42
Chapter 42

05:57


Chapter 43
Chapter 43

05:31


Chapter 44
Chapter 44

05:42


Chapter 45
Chapter 45

05:59


Chapter 46
Chapter 46

05:49


Chapter 47
Chapter 47

07:10


Chapter 48
Chapter 48

06:54


Chapter 49
Chapter 49

07:41


Chapter 50
Chapter 50

05:59


Chapter 51
Chapter 51

06:59


Chapter 52
Chapter 52

06:25


Chapter 53
Chapter 53

05:43


Chapter 54
Chapter 54

05:33


Chapter 55
Chapter 55

06:25


Chapter 56
Chapter 56

05:19


Chapter 57
Chapter 57

05:42


Chapter 58
Chapter 58

05:30


Chapter 59
Chapter 59

06:52


Chapter 60
Chapter 60

06:35


Chapter 61
Chapter 61

05:46


Chapter 62
Chapter 62

08:10


Chapter 63
Chapter 63

07:37


Chapter 64
Chapter 64

06:35


Chapter 65
Chapter 65

06:17


Chapter 66
Chapter 66

08:00


Chapter 67
Chapter 67

07:26


Chapter 68
Chapter 68

05:38


Chapter 69
Chapter 69

05:58


Chapter 70
Chapter 70

05:07


Chapter 71
Chapter 71

04:59


Chapter 72
Chapter 72

07:54


Chapter 73
Chapter 73

06:38


Chapter 74
Chapter 74

05:57


Chapter 75
Chapter 75

05:52


Chapter 76
Chapter 76

06:57


Chapter 77
Chapter 77

05:10


Chapter 78
Chapter 78

07:09


Chapter 79
Chapter 79

06:56


Chapter 80
Chapter 80

05:46


Chapter 81
Chapter 81

05:15


Chapter 82
Chapter 82

06:19


Chapter 83
Chapter 83

07:30


Chapter 84
Chapter 84

06:31


Chapter 85
Chapter 85

05:59


Chapter 86
Chapter 86

05:53


Chapter 87
Chapter 87

06:23


Chapter 88
Chapter 88

06:35


Chapter 89
Chapter 89

05:35


Chapter 90
Chapter 90

05:39


Chapter 91
Chapter 91

07:01


Chapter 92
Chapter 92

06:18


Chapter 93
Chapter 93

05:37


Chapter 94
Chapter 94

08:01


Chapter 95
Chapter 95

07:05


Chapter 96
Chapter 96

05:35


Chapter 97
Chapter 97

07:09


Chapter 98
Chapter 98

07:40


Chapter 99
Chapter 99

05:03


Chapter 100
Chapter 100

05:07


Chapter 101
Chapter 101

06:59


Chapter 102
Chapter 102

05:52


Chapter 103
Chapter 103

06:30


Chapter 104
Chapter 104

05:25


Chapter 105
Chapter 105

07:47


Chapter 106
Chapter 106

05:31


Chapter 107
Chapter 107

06:52


Chapter 108
Chapter 108

06:25


Chapter 109
Chapter 109

05:26


Chapter 110
Chapter 110

06:18


Chapter 111
Chapter 111

06:34


Chapter 112
Chapter 112

00:36