Back in 2006, hunched over spreadsheets, hedge fund titan John Paulson realised that the housing market was vastly overstretched. Fuelled by sub-prime mortgages, it was a classic bubble ready to burst. He had waited his whole life for this perfect trade. Paulson, who had never dealt in real-estate before, struggled to convince bullish Wall Street investors about the coming crash. But as house prices began to falter and the financial system collapsed, he reaped the rewards. He made a now-legendary series of trades, executed with technical skill and perfect timing. The results were spectacular. In a single morning in late 2007, Paulson made $1.25bn from a five-point fall in the markets. Across the year, he earned $15 billion for his fund, including $4 billion for himself - more than the incomes of J.K Rowling, Oprah Winfrey and Tiger Woods put together. It was the largest trading windfall in history by far, securing his place in the history books alongside Warren Buffet and George Soros. Written with the exclusive co-operation of the highly secretive Paulson, "The Greatest Trade Ever" tells the full story of his trade for the first time. Like Barbarians at the Gate 20 years ago, it also tells a wider story of staggering wealth accumulation, hubris and financial whizzery. It is essential reading for anyone seeking to understand the inner workings of the markets - and trying to spot the next bubble.
發表於2024-12-26
The Greatest Trade Ever 2024 pdf epub mobi 電子書 下載
這一個禮拜,從頭到尾一口氣的看完瞭這本書,總共錯過瞭2次迴傢的地鐵,但覺得還是值。 這本書講述的是John Paulson這個原本默默無分的對衝基金管理人,如何在2007-2008這個房地産金融風暴裏個人狂賺60億美金的故事。他一下此成為曆史上在單宗買賣裏賺錢最多的人。1992年索羅...
評分讀完這本書有兩個感受: 1. 技術層麵的。辨認房地産泡沫不難,但是如果操作並從中獲利是最難的。把握兩點:1. 獲利的工具。CDS:損失可以確定,但是接近無限的上行空間並且可以直接賭房地産貸款。2. 時點:購買房屋價格走平時設計,BBB級的MBS。這類MBS對風險最敏感,最容易違...
評分很打擊人的一點是,曆史告訴我們,the greatest traders都是最聰明的人,John Paulson,Paolo Pellegrini,Michael Burry,Greg Lippmann,無一不是絕頂聰明。2007年的他們不是喧囂賭場裏靠偶然運氣一夜暴富的賭徒,而是眾人皆醉我獨醒的真正智者。這本書再次讓站在金融世界邊...
評分這一個禮拜,從頭到尾一口氣的看完瞭這本書,總共錯過瞭2次迴傢的地鐵,但覺得還是值。 這本書講述的是John Paulson這個原本默默無分的對衝基金管理人,如何在2007-2008這個房地産金融風暴裏個人狂賺60億美金的故事。他一下此成為曆史上在單宗買賣裏賺錢最多的人。1992年索羅...
評分這一個禮拜,從頭到尾一口氣的看完瞭這本書,總共錯過瞭2次迴傢的地鐵,但覺得還是值。 這本書講述的是John Paulson這個原本默默無分的對衝基金管理人,如何在2007-2008這個房地産金融風暴裏個人狂賺60億美金的故事。他一下此成為曆史上在單宗買賣裏賺錢最多的人。1992年索羅...
圖書標籤: 金融 芒格推薦 投資 s other 2010
寫得挺明白的。
評分寫得挺明白的。
評分寫得挺明白的。
評分寫得挺明白的。
評分寫得挺明白的。
The Greatest Trade Ever 2024 pdf epub mobi 電子書 下載