The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today
$16.43
| Author(s) | |
|---|---|
| Format |
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| Pages |
188 |
| Published Date |
2011 |
The Greatest Trades of All Time chronicles how a select few traders anticipated market eruptions. from the 1929 stock market crash to the 2008 subprime mortgage meltdown?and positioned themselves to excel while a majority of others failed. Along the way, author Vincent Veneziani describes the economic and financial forces that led to each market cataclysm and how these individuals perceived what was happening beforehand and why they decided to place big bets, often at great risk and in opposition to consensus opinion at the time.
Introduction:
The ultimate goal of this book is to engage and educate the reader. For the longest time, I never took an interest in finance. When I executed my very first trade to see what the fuss was all about, I was immediately hooked. I read every book, every web site, every white paper. I needed to know not just how certain things like the stock market worked, but how everything worked. Finance is my life, and I’m sure it is the same for the people mentioned in this book.
Facts are also important. I have done as much as I have to ensure that everything in this book is factual. I have also gone through great lengths to help readers understand how some of the more complex transactions work. In the past few years, the Wall Street culture has been vilified by those not involved in it, such as political groups and the media. I hope that this book will help to educate some on what really goes on in the minds of giants and their financial institutions.
While the rage over pay associated with billion-dollar trades is understandable, realize that without the economies that currently exist, as well as the banks, the players, the traders, and everyone else, the world would be a far different place. One of my favorite examples is the futures markets. They started as a way for America’s farmers to hedge against price fluctuations in commodity markets and still serve that purpose, though the futures markets have evolved quite a bit since then. I am sure that some readers will not agree with the ways that these men achieved their unprecedented wealth and fame, but remember this: Across the world, economies create and destroy wealth every day. The spirit of the free market combined with stunning entrepreneurship and economic prowess is just one component that makes the world go ’round.
Contents:
- J. Kyle Bass: Timing Is Everything
- James Chanos: The Real King of Enron
- Paul Tudor Jones II: Legendary Global Macro Trader
- John Templeton: Legendary Mutual Fund Manager
- Jesse Livermore: Legendary Speculator
- John Paulson: The Greatest Trade of All Time
- George Soros: From Humble Beginnings to World Trader
- David Einhorn: A Company’s Worst Nightmare
- Martin Schwartz: From Amateur to Superstar
- John Arnold: Master of Energy
- More Great Trades: Phillip Falcone, David Tepper, Andrew Hall, Greg Lippmann
The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today By Vincent W. Veneziani pdf
7 reviews for The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today
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Harleigh Saunders (verified owner) –
The Greatest Trades of All Time provides insights into the strategies employed by and the personal backrounds of some of the top movers and shakers in the market from today and yesterday. Whether you are living in your mom’s basement fantasizing about making a quick buck on E-Trade or are already a hedge fund mogul, this book will likely prove to be an interesting and informative read. I especially enjoyed the interview with Chanos.
Pablo Rowland (verified owner) –
If you are interested in finance and want to know how the BIG MONEY is made, you must pick up this book. Vince goes over the top 14 traders and discusses their personality traits and what makes them the world’s greatest. He provides valuable insight and practical applications which one can use in their own trading strategies. There really isn’t a book like this out there…once you start reading – you won’t be able to stop.
Kaitlyn Page (verified owner) –
I am about half-way through this book. It is just okay in my opinion. The idea of this book is really good but the execution isn’t there. It has the who and the what, but lacks in the how department. It does provide little clips of how to mimic the strategies today which is an interesting addition. It just doesn’t get in deep enough for me though. It reminds of when I would crank out a college paper after procrastinating, with alot of surface information and no real details or useful information. Borrow it or get it at the library…
Travis Clarke (verified owner) –
This book is composed from a few short overviews of the most successful traders from George Soros to less famous traders such as Kyle Bass. Although the book is well written, it falls short on two main issues: 1) It’s too simplistic. The author doesn’t dive into the small details of the trades, but rather gives a somewhat shallow overview. For example: the chapter about John Paulson’s bet against the housing market in the U.S.; the author failed to explain the analysis and data that convinced Paulson that the housing market was overpriced. 2) At the end of each chapter the author summarizes the traders’ “top qualities”. This part was also too basic and general to actually benefit the reader. To cite one long example also from the Paulson chapter: “Remain true to the trading style you’re successful at. Paulson focused on a certain skill set and ran with it. One can argue that merger arbitrage has nothing to do with housing markets, but the underlying principal is the same: identify an opportunity to profit and put your money where your mouth is.” So someone only needs to identify an opportunity to profit and to put his money where his mouth is. I wish it were so simple.
All in all, the most interesting thing about this book is the background it provides on the early lives of these traders, but it completely fails to provide any useful insights.
Sariyah Wise (verified owner) –
I almost never write reviews, but this book is so poorly written that you need to know about it. I expected a deep dive into to structure of the trade and the evaluation methodology prior to setting up the trade. Instead I got a skimming of the trade structure, verbose story-telling, and a very weak analysis. A first-year Analyst working at an investment bank would be fired for a report like this.
Frederick Cisneros (verified owner) –
Everyone in the financial universe from the multi-millionaire portfolio manager down to the individual investor dreams of the one trade that will have them “set for life.” The 14 traders in Vince’s book have made those trades, and open up about what got them to pull the trigger – the underlying conditions, the potential upside and most of all the risk that was at stake if they failed. This book provides excellent insight into the mindset and methodology of some of the biggest names in finance.
Janelle Gregory (verified owner) –
Coming from someone who knows nothing about stock trades or their significance, Vincent is able to break it down into language I can understand. While I’m still not an expert on ETF’s after reading this book, I understand the way the markets work better, and the context in which traders have to operate. This book is a nice quick read that will not intimidate non-traders (like myself).
Vincent does a great job profiling each trader, so we get an idea of their ideology. It shows that these trades weren’t just dumb luck, or aided by superior technology, but it shows all the effort that went into them and why each trader was uniquely positioned, because of their background, to make the trades they did.