Monday, April 26, 2010

Book recommendation: The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History (9780385529914): Gregory Zuckerman: Books

This is a fascinating read about how John Paulson successfully bet against the collapsing mortgage market. It's by far not as straightforward a story as one might think and full of interesting revelations (e.g. the fact that some banks were both losing and gaining billions by being on both sides of the trade). Must-read for Finance people but also interesting for people who want to look a little deeper into the mortgage mess and the current SEC allegations against Goldman Sachs.

Posted via web from digbits's posterous


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