Name: The Greatest Trade Ever
ISBN: 9780385529914

作者: Gregory Zuckerman
出版社: Broadway Books
副标题: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
出版年: 2009-11-3
页数: 304
定价: USD 26.00
装帧: Hardcover
ISBN: 9780385529914

豆瓣评分

8.4

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5星

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3星

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内容简介 · · · · · ·

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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.

The Greatest Trade Ever的创作者 · · · · · ·

格里高利·祖克曼作者

作者简介 · · · · · ·

格里高利·祖克曼（Gregory Zuckerman）

《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“美国对冲基金公司巨头Amaranth Advisors亏损”事件，两次获得费拉尔德·勒伯奖及其他奖励。目前，他跟妻子及两个儿子住在美国新泽西州西奥兰治市。

原文摘录 · · · · · · ( 全部 )

世界上的麻醉物，最危险的当属低息贷款和超额信用。---本杰明•安德森，1929年 (查看原文)

孔连顺是女神 4赞 2012-09-20 16:40:50

—— 引自第269页
我甚至都没有思考这些东西。如果早就有人这样，那么负债的价格就会高一些，事情也不会失控。要是早就多点人卖空，世界就更加美好。业主们现在的困境，跟我们没有任何关系。 (查看原文)

会心一笑 2赞 2013-01-06 16:02:54

—— 引自第210页

> 全部原文摘录

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短评 · · · · · · ( 全部 30 条 )

The Greatest Trade Ever的书评 · · · · · · ( 全部 44 条 )

热门只看本版本的评论

豆友2533629 2012-09-14 17:08:27 中国人民大学出版社2010版

奇迹年代---投资最需要的是什么？

先简单说一下本书的背景次贷危机。次级贷款是美国的金融机构发放给购房人的抵押贷款，其对象是专门针对一些资产收入不好的个人或家庭，因此称之为次级贷款（Subprime mortgage loan）。贷款机构把数十笔次级贷款打包卖给投行后，投行以这些次级贷款为基础，发行一种名为担保债... (展开)

3回应

笑天不古 2012-02-21 21:52:40 中国人民大学出版社2010版

成功者都是孤独的

次贷危机以前，保尔森这个名字更多是指亨利*保尔森，高盛的前董事长，时任美国政府财政部长。而次贷危机以后，这个名字更多是指约翰*保尔森。对，就是那个做空房屋抵押贷款获得巨额收益的对冲基金经理。在整个华尔街风声鹤唳的2007年，他掌管的基金盈利150亿美元，个人收入超过... (展开)

3回应

momo 2012-11-07 12:17:52

2007不是赌场，成功是留给真正的winner的

很打击人的一点是，历史告诉我们，the greatest traders都是最聪明的人，John Paulson，Paolo Pellegrini，Michael Burry，Greg Lippmann，无一不是绝顶聪明。2007年的他们不是喧嚣赌场里靠偶然运气一夜暴富的赌徒，而是众人皆醉我独醒的真正智者。这本书再次让站在金融世界边... (展开)

1 1回应