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Informationen zum Autor VINCENT W. VENEZIANI is a trader and writer on markets, financial news, hedge funds, and??economics for financial publisher Markets Media. He has also appeared on CNBC, Russia Today, and the BBC as a commentator. Previously, Veneziani worked at Business Insider covering Wall Street and the economy. He has also written in the past for Gawker Media, AOL, the New York Daily News, Popular Mechanics, and TechCrunch. Veneziani currently resides in New York City. Klappentext Within every market lies opportunity. Whether you're going long or short doesn't matter, it's how you play the game that ultimately counts. The extraordinary individuals examined throughout these pages skillfully identified incredibly profitable opportunities while their counterparts at other institutions either overlooked them or were unwilling to take the risk that would eventually bear great financial rewards. In discovering these various opportunities, these people were able to execute some of the greatest trades of all time. And now, financial journalist and trader Vince Veneziani shows you exactly how they did it. Engaging and informative, The Greatest Trades of All Time tells the story of fourteen top traders?ranging in time from the stock market crash of 1929 to today?and reveals how they positioned themselves to excel while a majority of those around them failed. Here, you'll be introduced to some of the best in the business, including: Jesse Livermore, one of the greatest speculators of all time, who not only survived the Panic of 1907 and the Crash of 1929, but came out $100 million richer Paul Tudor Jones, whose keen analysis allowed him to predict the 1987 market crash practically to the day (Black Monday) and profit handsomely from it George Soros, who netted a total of about $2 billion betting against the British pound during a currency crisis in the 1990s David Einhorn, the activist hedge fund manager of Greenlight Capital, whose most famous trades involved the controversial short sales of Allied Capital and Lehman Brothers John Paulson, whose bet against subprime mortgages in 2007 returned $15 billion for him and his investors Along the way, you'll also gain valuable insight into the top traits of these traders as well as how you can effectively re-create some of the strategies that have served them so well. At the end of the day, it doesn't matter how much capital you start with or what strategy you employ. What really matters is sticking to your trading beliefs and only adjusting them in order to create profits or minimize losses. The Greatest Trades of All Time reveals how the individuals examined throughout these pages achieved this goal?as well as captured some of the biggest paydays in history?and shows you what it takes to apply their approaches to your own trading endeavors. Zusammenfassung How top traders made huge profits during the most momentous market events of the past century Financial and commodity markets are characterized by periodic crashes and upside explosions. In retrospect, the reasons behind these abrupt movements often seem very clear, but generally few people understand what's happening at the time. Inhaltsverzeichnis Acknowledgments xiii About the Author xv Introduction xvii Chapter 1 J. Kyle Bass: Timing is Everything 1 The Back Story 1 A Few Definitions 2 Bass Asks Why 4 Learning from the Past 6 Shorting Subprime Loans 7 The Best Position 8 The Effects of Abuse 11 Who Was Watching? 13 Re-creating Bass's Trading Strategies 17 Bass's Top Traits 17 Chapter 2 James Chanos: The Real King of Enron 21 Enter Enron 21 Really Looking at Enron 23 The Best Position 26 Recreating Chanos's Trading Strategies 28 A More Recent Example 28 Chanos's Top Traits 30 Cha...
