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
