Reviews: The Greatest Trade Ever

What people are saying about The Greatest Trade Ever, by Gregory Zuckerman:

“More than a cinematic narrative of how Paulson and others figured out how to short the market.”


“In his new book, The Greatest Trade Ever, Gregory Zuckerman, a reporter at The Wall Street Journal, examines how the unlikely team of Paulson and assistant Paolo Pellegrini—as well as a few other investors—bucked conventional wisdom and saw through the housing hype.”

Newsweek — The Greatest Trade Ever

“In short, The Greatest Trade Ever is a magnificent insider look at how Paulson and others profited off of subprime’s demise, detailing both the formulation and implementation of such a trade. It chronicles the hedge fund’s uprising and shows you how before this one idea, the ragtag bunch at Paulson & Co were far from deities. In the end, Zuckerman’s work is both insightful and gripping.” — The Greatest Trade Ever By Gregory Zuckerman: Book Review

“The book (which was excerpted in Saturday’s WSJ) itself is compact, focused and illuminating about the roots of the crisis. It doesn’t feel rushed; it doesn’t feel undefined; if not Shakespearian in its prose, it’s written professionally and packed with information. Zuckerman has a story to tell, a thread to follow, and it just happens to turn out that by following the saga of John Paulson, Zuckerman reveals all kinds of fascinating perspectives on complex finance, the real estate bubble and Wall Street and Washington’s difficulties in putting the two together.” — Greg Zuckerman on ‘The Greatest Trade Ever’

Wall Street Journal reporter Greg Zuckerman’s new book, The Greatest Trade Ever, tells the story of the handful of hedge-funders who actually made money from the ensuing crisis by betting against a housing bubble that few, at the time, believed was real. It’s a great read, not just because our semi-irregular column If We Were Friends With John Paulson is briefly mentioned, but because of the colorful cast of characters, all of whom might have been described as screwups before they executed the trade that scored them billions of dollars in profits.”

New York Magazine — Bad News Bears: The Guys Who Bet Against the Bubble and Won

“Smarts, good timing and a touch of the renegade. That’s what it took to pull off the investment coup that Gregory Zuckerman brings to life in ‘The Greatest Trade Ever’.” — Paulson Defies Bulls, Makes $10 Million a Day on Wager: Books

“Greg Zuckerman was the first to tell the world about John Paulson’s sensational trade…He’s written the definitive account of a strange and wonderful subplot of the financial crisis.”

Michael Lewis, bestselling author of “Moneyball and Home Game”

“I couldn’t put it down. All I can say is, WOW! What a story! Incredibly illuminating.”

Whitney Tilson, hedge fund manager and author of “More Mortgage Meltdown: 6 Ways to Profit in These Bad Times”

“Gregory Zuckerman takes us to Wall Street’s heart of darkness, where mushroomed a $1 trillion subprime mortgage market that only the few, the brave, the smart dared short. The story of John Paulson and the few colorful contrarians who made outsized bets and outrageous profits on the subprime implosion, is at once a great page-turner and a great illuminator of the market’s crash.”

John Helyar, co-author, “Barbarians at the Gate: The Fall of RJR Nabisco.”

“Greg Zuckerman’s book is much, much more than a brilliant account of Paulson’s trade of the century; it also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. The book is compulsory reading for those looking for exceptional insights on the complex forces that interconnect Wall Street, hedge funds and Main Street.”

Mohamed El-Erian, Chief Executive Officer of Pacific Investment Management Co. and best-selling author of “When Markets Collide: Investment Strategies for the Age of Global Economic Change.”

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