Total Page : 304
Publisher : Broadway Business
Publication Date : 2009 11 03
>> Entertaining and a great read Very insightful
This was a great book well written researched and very informative I loved how the author explained John Paulson s thought process on the development of the trade As a trader myself it was a great learning experience and very helpful Hopefully I will be able to benefit from this information for my own trading style and I know this book is well worth your time to read Enjoy
>> unfocused poorly written for whom was this book intended
i was sold on this book from the editorial reviews 2 days later after finishing im lost as to the purpose of the book
a list of what this book is NOT
examination of greater market environment at the time
expose of the mechanics behind the greatest trade ever
romanticism of the trading and the players lifestyles
it is not an economics text nor a technical text nor a drama of personal intrigue rather it is a shallow effort of all 3 that very much READS DRYLY like a ticker tape stock quote the book repeats the story of different market players starting with multiple extraneous layers of their family life through their business life and to the aftermath of the subprime meltdown within this framework of repetition zuckerman belabors the same points 1 these guys are associated via alumni or social networks and 2 and movement in product XXX correlates to YYY effects to their portfolio did he intend to offend readers intelligence or simply to make filler and the answer seems is likely both
the background of these subjects presumably for their characterization is presented as an absolute BORE little anecdotes from their lives are written in such a empty matter of factly way to the point of senselessness and AWKWARDNESS imagine your pub conversation when a hilarious event is told by a friend with absolutely no skill in story telling
to the point though the greatest trade ever whether the truth or an injustice by zuckerman the players are NOT conveyed as geniuses with high business acumen there is no angle the whole REDUCTIVE play was a few people who believed the housing market to be a bubble and bought insurance against the fulfillment of mortgages and they bought lots of it
to be fair one person was tersely credited with an engineering of market products to make the trading possible
the 300 page book can be condensed as follow and it reads equally as DULL
bob was born to jerry and jessica
bob met and married jane
jane and bob had a son michael
michael went to harvard
michael struggled with his 500k salary and felt inadequate compared to his peers
michael divorced his wife
michael speculates housing is about to collapse purchase insurance CDS against their fulfillment
housing actually collapses michael receives money the end
this book is too vague and boring for students/participants of the market and it is too dull and dry for outsiders looking into the market wouldve been best for someones unread blog
>> Greatest Financial Story Ever
Wow This was a great book in every way I now understand what happened with sub prime lending down to the parts if not the nuts and bolts Yet I never felt that I was being taught In fact it seems that the individuals constructing these trades were all outsiders and started out understanding the trade from a very layman s point of view The idea behind the trade was very much focused on common sense evaluation of the fundamentals the guts to feel their way through the process even if they worried that they might be missing some key piece of information hard analytical work a little bit of gutsy political maneuvering and the technical ability to navigate the complex financial instruments used
And the book was well written The writing was not sensationalist But I couldn t put it down I felt I understood the motivations of the individuals in the book I came to admire most though not all of them And for a book that tells a story to which everyone has a general knowledge I was surprised that I was in suspense to the very end There were so many different ways the trade was played by various actors One can identify with all of the worries and mistakes made by each of the individuals in the story
I highly recommend this book
If You are looking for >>> The Greatest Trade Ever The Behind the Scenes Story of How John Paulson Defied Wall Street and Made Financial History find the best one here
