In 2006, hedge fund manager John Paulson realized something few others suspected–that the housing market and the worthiness of subprime mortgages were grossly inflated and going for a significant fall. Paulson’s history is at mergers and acquisitions, however, and he knew little about real estate or how exactly to bet against housing. He had spent a profession as an also-ran on Wall Road. But Paulson was convinced this was his chance to make his tag. He just wasn’t sure how exactly to do it. about THE BEST Trade Ever: The Behind-the-Scenes Tale of How John Paulson Defied Wall Street and Made Financial History Co-workers at investment banking institutions scoffed at him and traders dismissed him. Even pros skeptical approximately housing shied from the challenging derivative ventures that Paulson was just studying. But Paulson and a handful of renegade investors such as Jeffrey Greene and Michael Burry began to bet heavily against dangerous home loans and precarious monetary companies. Timing is normally everything, though. Initially, Paulson and others dropped tens of millions of dollars as property and stocks continuing to soar. Instead of back down, nevertheless, Paulson redoubled his bets, putting his hedge account and his status at risk.

In the summer of 2007, the marketplaces began to implode, getting Paulson early profits, but also sparking attempts to rescue property and derail him. By year’s end, though, John Paulson got pulled off the best trade in credit history, earning more than $15 billion for his firm–a shape that dwarfed George Soros’s billion-dollar money trade in 1992. Paulson produced billions more in 2008 by transforming his gutsy move. A number of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failing, discovering that becoming early and correct wasn’t nearly more than enough.

Compiled by the prizewinning reporter who broke the storyplot in The Wall structure Street Journal, THE BEST Trade Ever is certainly a superbly created, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis–that outwitted Chuck Prince, Stanley O’Neal, Richard Fuld, and Wall structure Street’s titans–to make financial history.