Book Name: The Greatest Trade Ever
Writer: Gregory Zuckerman
John Paulson appeared to live a yearning man’s’ fantasy. At the age of 49, Paulson oversaw more than $2 billion for his speculators, just as $100million of his own riches. Trim fit, with neatly trimmed dim hair that was starting to thin at the top, Paulson didn’t appreciate extraordinary looks. Paulson sat at his work area gazing at a variety of numbers blazing on computer screens before him, grimacing.
It ought to have been Paulson on Wall Street, his companions thought. Paulson had grown up in a solidly working-class neighborhood in Queens, New York. He received early understanding into the universe of funds from his granddad, a businessman who lost a fortune in the Great Depression. Paulson graduated top of his class at both New York University and Harvard Business School. He then earned at the knees of a portion of the market’s’ top speculators and brokers, before launching his own mutual funds in 1994.
When the calm Paulson met with customers, they once in a while were surprised by his limp handshake and controlled way. It was unordinary in an industry full of rant. His capacity to clarify complex exchanges in direct terms left some contemplating whether his systems were normal, even straightforward.
More youthful fence fund traders went tieless and dressed coolly, feeling certain about their abilities thanks to their taking off benefits and developing height. Paulson stayed with dull suits and quieted ties. Paulson’s’ way of life once had been a lot flashier.
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