圖書標籤: 金融 JohnPaulson 投資 對衝基金 次貸危機 傳記 華爾街 房地産泡沫
发表于2025-06-04
The Greatest Trade Ever pdf epub mobi txt 電子書 下載 2025
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.
這幾天去麗江齣差,看瞭一半,很有感觸,以前挺反感這種傳記式的書籍,現在看來其實還是能獲取不少insight的。其中幾個人物的經曆也很有意思,等看完瞭爭取靜下心總結下,寫下第一篇豆瓣書評吧O(∩_∩)O
評分傻B馬屁文,在美國的時候聽Paulson言談就知道此人外行。後來很多人跟他對賭成功也證明瞭這一點。喜歡金融的孩紙們不要亂把一部分投資人神化瞭(這並不能讓你更加高級),踏齣這個圈子你會發覺高人多的是,也纔會明白金融這玩意單單拿齣來說是多麼狹隘,而放之迴其政治社會背景又有多麼復雜。
評分掃讀瞭前幾章 交易邏輯的重構雖然有瞭1手珍貴的訪談資料但是並不完整 考慮到街上成功人士的自大和傲慢 難免加瞭很多事後的英雄式的迴憶 讀著雖然有料 但是感覺誇張的不舒服 賭CDS是一場和Timing的比賽 時間點的拿捏和運氣比一把梭重要多瞭
評分感覺應該和《confidence game》類似,john paulson和bill ackman都是那種做齣判斷後逆勢抗壓且能堅持下去的人。 粗略瞭看完後,再次感嘆美帝WSJBLOOMBERGCNBC等齣身的財經記者水平的確很不錯,對比國內,能達到這樣水平的好像很少。 以及,認定的事就堅持不動搖,完美的詮釋瞭Paulson的這一宗大trading。可是知易行難。現在迴頭看,2007年或之前應該有很多人看空美國的房地産及CDS等衍生品市場,但是賺瞭6個billion的隻有Paulson。這樣的故事人生中有那麼一次就足夠瞭,awesome&fascinating!
評分掃讀瞭前幾章 交易邏輯的重構雖然有瞭1手珍貴的訪談資料但是並不完整 考慮到街上成功人士的自大和傲慢 難免加瞭很多事後的英雄式的迴憶 讀著雖然有料 但是感覺誇張的不舒服 賭CDS是一場和Timing的比賽 時間點的拿捏和運氣比一把梭重要多瞭
金融界,水太深,只可远观不可亵玩焉。 外行人,初看此书时感慨学到了很多高端的金融知识,一路百度百科走过来,竟也对次贷危机、对冲基金,金融衍生品CDO,CDS有了非常浅显的认识;同时,谢谢作者讲故事一样的口吻,让外行人也被次贷危机中华尔街几个比较关键人物的生平经历...
評分金融界,水太深,只可远观不可亵玩焉。 外行人,初看此书时感慨学到了很多高端的金融知识,一路百度百科走过来,竟也对次贷危机、对冲基金,金融衍生品CDO,CDS有了非常浅显的认识;同时,谢谢作者讲故事一样的口吻,让外行人也被次贷危机中华尔街几个比较关键人物的生平经历...
評分读完这本书有两个感受: 1. 技术层面的。辨认房地产泡沫不难,但是如果操作并从中获利是最难的。把握两点:1. 获利的工具。CDS:损失可以确定,但是接近无限的上行空间并且可以直接赌房地产贷款。2. 时点:购买房屋价格走平时设计,BBB级的MBS。这类MBS对风险最敏感,最容易违...
評分读完这本书有两个感受: 1. 技术层面的。辨认房地产泡沫不难,但是如果操作并从中获利是最难的。把握两点:1. 获利的工具。CDS:损失可以确定,但是接近无限的上行空间并且可以直接赌房地产贷款。2. 时点:购买房屋价格走平时设计,BBB级的MBS。这类MBS对风险最敏感,最容易违...
評分去年帮朋友带回国的书,自己先看了一遍,从一个侧面描述金融危机带来的的巨大灾难和前所未有的机遇;一板一眼一丝不苟四平八稳,John Paulson这个典型的华尔街落魄投资人,在全行业都被的房地产大泡沫闪晕眼睛的时候,固执的坚持自己的直觉和历史数据分析,利用Credit Default ...
The Greatest Trade Ever pdf epub mobi txt 電子書 下載 2025