The Greatest Trade Ever Made
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Published 2024-01-26
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I highly recommend the book, The Greatest Trade Ever by Gregory Zuckerman: a.co/d/3zHUfQA
Special thanks to The FinanZe Podcast for permission to feature their John Paulson interview. Listen to the full interview from Aug 2021 here: open.spotify.com/episode/0YqXbJLvQk84E5whESDDUH?si…
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Sources:
0:05 Raysonho @ Open Grid Scheduler / Grid Engine, CC0, via Wikimedia Commons
0:06 Ildar Sagdejev (Specious), CC BY-SA 4.0 creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons
0:07 Alex Proimos from Sydney, Australia, CC BY 2.0 creativecommons.org/licenses/by/2.0 via Wikimedia Commons
King of Hearts, CC BY-SA 4.0 creativecommons.org/licenses/by-sa/4.0 via Wikimedia Commons
4:59 Paolo Pellegrini image sourced from LinkedIn
9:00 Michael Burry image sourced from X
Gregory Lippman image sourced from Milken Institute milkeninstitute.org/events/gc19/speakers/36710
Jeffrey Green image: Financial Times, CC BY 2.0 creativecommons.org/licenses/by/2.0 via Wikimedia Commons
11:42 David Shankbone, CC BY-SA 3.0 creativecommons.org/licenses/by-sa/3.0/ via Wikimedia Commons
12:08 respres, CC BY 2.0 creativecommons.org/licenses/by/2.0 via Wikimedia Commons
12:09 Mike Fleshman, CC BY-SA 2.0 creativecommons.org/licenses/by-sa/2.0 via Wikimedia Commons
12:12 Amin Eshaiker, CC BY-SA 3.0 creativecommons.org/licenses/by-sa/3.0 via Wikimedia Commons
13:11 Bear Bull Traders, CC BY 2.0 creativecommons.org/licenses/by/2.0 via Wikimedia Commons
All Comments (21)
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What other biographies would you like to see? Moomoo US: Earn 5.1% APY plus an extra 3% APY on your uninvested cash and get up to 15 free stocks j.moomoo.com/00C4Sa Moomoo CA: Open an RRSP/TFSA account and receive up to $1,550 in cash rewards j.moomoo.com/00C4Sa Moomoo AU: Up to $6,600 total rewards, includes up to 10 free stocks valued at up to $3,300 for eligible deposits, and up to $3,300 in interest with a 6.8% p.a. for 180 days. j.moomoo.com/00C4Sa For new users, terms and conditions apply.
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The assistant made a better bet than him
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2:15 If you have 2 Million USD of your own money, you are already set.
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I wonder is there is anyone shorting the commercial real estate market? A lot of strange parallels between today and 2008.
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“He SCROUNGED AROUND $147m from friends” Damn he’s got good friends
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Sometimes you just have to take a chance. It's scary and can be disasterous, but it can also win everything. Great vid!
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Great idea of natural lighting for the host, the content is great as usual.
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So it is actually Pellegrini that found the problem with subprime mortgage,not Paulson. All Paulson have done is pouring money for the trade
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I think I saw this vídeo already
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Why did Burry get all the press and none of the other people in this story….including Paulson? I would like to see biographies on each man who bet the same way Paulson did. Sounds as if their backgrounds and jobs were a bit different but they all came to the same conclusions.
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I also heard that Bill Ackman, made his fortune by making the same bet on the CDS.
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Basically, the theme of the 2008 mortgage crisis was don't lend to poor people, (which can vaguely mean don't lend to majority Black and Hispanics).
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banks making bad loans caused the problems in 2008, not the fed lowering the fed funds rate.
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Paulson & Burry made a great call in 2007. What have they done since?
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0:42 I am sure he has skills. However, he was lucky. There are many smarter and work harder than him. I recalled many warned the subprime was going to meltdown so he was not the only one who knew. Nobody knew when it would happen. He was the lucky one to bet the market “at the right time” to win big. Just like the “big short” guy, I don’t think he could do it again in his life time!
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YA Tittle for Lou Cordileone
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If you have poor credit, why would you make matters worse by taking out a mortgage? You're an adult; you know yourself. Or should. If it's been hard for you in the past to repay debt, why would you take out a mortgage?
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Mam, please do make video's on scam arrest.
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This is a repost right because i remember watching this video
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Great video Cindy ❤❤
