The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today (Wiley Trading) - Hardcover

Veneziani, Vincent W.

Hardcover

ISBN 10: 0470645997 ISBN 13: 9780470645994

Publisher: Wiley, 2011

Synopsis

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. Top traders and investors like George Soros or Jesse Livermore have stood apart from the crowd and capitalized on their unique insights to capture huge profits.

Engaging and informative, 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.

• Traders discussed include George Soros, Jesse Livermore, Paul Tudor Jones, John Templeton, and John Paulson
• Provide contemporary traders and investors with insights on how great traders make great trades
• Offers insights on market forecasting, mass psychology, and the importance of personal conviction in trading

At a time when many investors are looking to the past for answers to the future, this book brings important historical moments in the financial markets to life.

About this title

About the Author

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.

From the Back Cover

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.

From the Inside Flap

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.

Edition details

• Publisher: Wiley
• Publication date: 2011
• Language: English
• ISBN 10: 0470645997
• ISBN 13: 9780470645994
• Binding: Hardcover
• Edition number: 1
• Number of pages: 192