Paulson Defies Bulls, Makes $10 Million a Day on Wager: Books
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Smarts, good timing and a touch of the renegade. That’s what it took to pull off the investment coup that Gregory Zuckerman brings to life in "The Greatest Trade Ever."
The trade was John Paulson’s bet against the U.S. housing bubble -- a wager in credit-default swaps that allowed his hedge fund, Paulson & Co., to make $15 billion in 2007, when markets began melting, Zuckerman says.