The Greatest Trades of All Time will describe how top traders made huge profits during the most momentous market events of the past century. From the 1929 stock market crash to the 2008 subprime mortgage meltdown, this book will chronicle how a select few traders anticipated market eruptions and positioned themselves to reap huge profits. Traders and events discussed include Paul Tudor Jones, who shorted the stocks prior to October 19, 1987, the most severe one-day crash since 1929; George Soros, who made an estimated $1 billion shorting the British pound during a currency crisis in the 1990s; Jim Chanos, who spotted Enrons fraud early on and shorted the stock prior to its complete collapse; John Templeton, whos career was bracketed by two amazing trades: buying undervalued U.S. stocks near the end of the Depression, just prior to World War II, and shorting Internet stocks just prior to the collapse of the Internet bubble in 2001; John Paulson, who shorted subprime mortgages in 2008, capitalizing on the collapse of the U.S. housing bubble; and finally Jesse Livermore, who shorted stocks and made a fortune in the 1929 stock market crash. Author Veneziani will describe the economic and financial forces that led to each market catacylism and how these individual traders perceived what was happening beforehand and how they decided to place big bets, often at great risk and in opposition to consensus opinion at the time. This book will bring to life important historical moments in the financial markets and will provide contemporary traders and investors with insights on how great traders make great trades.
