Michael burry biography

2009 book by Gregory Zuckerman

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History is a debut non-fiction book by American journalist Gregory Zuckerman.^[1][2] The book was released on November 3, 2009, by Crown Business.

The book investigates the reasons and consequences of the subprime mortgage crisis and the role that hedge fund manager John Paulson played in those events.^[3][4]

Overview

In 2006, John Paulson organized Paulson Credit Opportunity Fund that bet against bonds backed by subprime mortgages using credit default swaps.^[5] Paulson "shot to fame and fortune" when his investment strategies paid off during the subprime housing market crash.^[6] His bet against the subprime mortgage bubble has been called "the greatest trade ever" by Gregory Zuckerman.^{[7][8][9][10][11]}