The Greatest Trade Even – How John Paulson Made A Killing When Everyone Else Was Losing Money
The Greatest Trade Even How John Paulson Made A Killing When Everyone Else Was Losing Money
I want to recommend anyone interested in the stock market as a whole or any kind of investment, to read Gregory Zuckerman's "The Greatest Trade Ever". In this book, Zuckerman shows us many facts and stories that have happened during the world financial crisis that were not published before.
In this book, Zuckerman shows us many behind the curtains stories on how many people acted and placed bets on a world financial collapse. Some eventually made some money, many lost money and there was one man that made a killing, a big killing: John Paulson. Paulson was not widely known anywhere, especially in the financial markets, but after the world crisis, he became a popular figure among specialists.
John Paulson predicted, and correctly pinpointed, where the financial crisis would debacle. Not only he correctly predicted where the crisis would start, but he was also amazing accurate on pinpointing the right time for the trade. Even though, when he just started the trade of his life, the trade that would put him on the spot, he had made the right analysis of the whole market situation, but he was wrong when planning the timing for his trade. Fortunately, he managed to survive this small misfortune and kept his bet until it showed him a profit.
In the end, the market came crashing down just like he predicted and he was able to make a fortune buy shorting the market with CDS insurances that banks would buy from him blindly. He managed to make a $15 billion profit for his hedge fund in 2007 and another $5 billion in the year after. Not only that, he also managed to profit $4 billion dollars for his personal account. Just for the sake of comparison, George Soros in his famous trade against the British pound, made "only" $1 billion. Dollar Store Franchise Review - Is Online Selling A Better Retail Store? Brain Training Online Make Money Online Opportunity: A Free Guide Safety Issues On Buying World Of Warcraft Gold Online I Have Bought Cheap Glasses At Online Optical Store How to Make Money Online Is It Prudent To Gamble Online? Residual Income Online Online MLM - Advantages of Doing MLM Online Uncovered! Metatrader Brokers: Experts In Giving Forex Trading Investment Solutions Study Online In Nigeria A Wonderful Opportunity For Prosperity Sexual Harassment Online Learn Free Vedic Astrology Online - Saturn