Beschreibung
How top traders made huge profits during the most momentous market events of the past centuryFinancial 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 PaulsonProvide contemporary traders and investors with insights on how great traders make great tradesOffers 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.
Autorenportrait
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.
Inhalt
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 Basss Trading Strategies 17
Basss 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 Chanoss Trading Strategies 28
A More Recent Example 28
Chanoss Top Traits 30
Chapter 3 Paul Tudor Jones II: Legendary Global Macro Trader 31
Following a Genius 31
The Path of Greatness 32
Starting Out 33
Knowing All the Markets 35
Global Macro Trading 36
Elliot Wave Theory 38
More Keys to Joness Success 40
Success beyond Trading 43
Recreating Joness Trading Strategies 43
Joness Top Traits 44
Chapter 4 John Templeton: Legendary Mutual Fund Manager 47
What Made Templeton Famous 47
Templetons Life before Investing 49
Educational Aspirations 50
The Married Life 52
Templetons Big Move 53
Back to New York 54
Looking to the Future, and the Templeton Growth Fund 55
Templetons Second Marriage and Fund 56
The Bahamas 57
Recreating Templetons Trading Strategies 58
Templetons Top Traits 59
Chapter 5 Jesse Livermore: Legendary Speculator 61
Livermores History 61
At Home in New York 63
Fame and Fortune 63
The Panic of 1907 64
The Crash of 1929 65
Livermores Tragic End 66
An Example of Livermores Influence Today 68
Recreating Livermores Trading Strategies 69
Livermores Top Traits 69
Chapter 6 John Paulson: The Greatest Trade of All Time 73
Paulsons Early Career 73
Paulson& Co. 74
The Greatest Trade 74
Recreating Paulsons Trading Strategies 79
Paulsons Top Traits 81
Chapter 7 George Soros: From Humble Beginnings to World Trader 83
Soross Famous Trades 84
The Hardships of a Trading Genius 87
Going to School in London 88
Work in New York 90
Joining the Big Leagues 91
Finding Himself 93
Crashing from Success 95
A New Protégé 97
Onto the World Stage 98
The Backlash 100
A Conflicted Mind 101
A New Era 101
Recreating Soross Trading Strategies 102
Soross Top Traits 103
Chapter 8 David Einhorn: A Companys Worst Nightmare 105
Allied is Not an Ally 105
Lucky Lehman 108
The Great Beyond 110
Recreating Einhorns Trading Strategies 111
Einhorns Top Traits 112
Chapter 9 Martin Schwartz: From Amateur to Superstar 115
Start Small, Go Big 115
Trading Like a Rock Star 117
Winding Down 118
Recreating Schwartzs Trading Strategies 120
Schwartzs Top Traits 121
Chapter 10 John Arnold: Master of Energy 123
Success at Enron 123
Centaurus Energy 124
The Explosion 126
Recreating Arnolds Trading Strategies 127
Crude Oil 127
Natural Gas 128
Arnolds Top Traits 130
Chapter 11 More Great Trades: Phillip Falcone, David Tepper, Andrew Hall, Greg Lippmann 131
Phillip Falcone 131
Recreating Falcones Trading Strategies 134
David Tepper 135
Recreating Teppers Trading Strategies 136
Andrew Hall 138
Recreating Halls Trading Strategies 139
Greg Lippmann 141
Recreating Lippmanns Trading Strategies 143
In Summary 144
Notes 147
Glossary 149
References 151
Helpful Web Sites 157
Index 161
Informationen zu E-Books
„E-Book“ steht für digitales Buch. Um diese Art von Büchern lesen zu können wird entweder eine spezielle Software für Computer, Tablets und Smartphones oder ein E-Book Reader benötigt. Da viele verschiedene Formate (Dateien) für E-Books existieren, gilt es dabei, einiges zu beachten.
Von uns werden digitale Bücher in drei Formaten ausgeliefert. Die Formate sind EPUB mit DRM (Digital Rights Management), EPUB ohne DRM und PDF. Bei den Formaten PDF und EPUB ohne DRM müssen Sie lediglich prüfen, ob Ihr E-Book Reader kompatibel ist. Wenn ein Format mit DRM genutzt wird, besteht zusätzlich die Notwendigkeit, dass Sie einen kostenlosen Adobe® Digital Editions Account besitzen. Wenn Sie ein E-Book, das Adobe® Digital Editions benötigt herunterladen, erhalten Sie eine ASCM-Datei, die zu Digital Editions hinzugefügt und mit Ihrem Account verknüpft werden muss. Einige E-Book Reader (zum Beispiel PocketBook Touch) unterstützen auch das direkte Eingeben der Login-Daten des Adobe Accounts – somit können diese ASCM-Dateien direkt auf das betreffende Gerät kopiert werden.
Da E-Books nur für eine begrenzte Zeit – in der Regel 6 Monate – herunterladbar sind, sollten Sie stets eine Sicherheitskopie auf einem Dauerspeicher (Festplatte, USB-Stick oder CD) vorsehen. Auch ist die Menge der Downloads auf maximal 5 begrenzt.
