John Paulson pocketed $3.7 billion from predicting the housing collapse and shorting the mortgage market. Now Forbes’ 165th richest man (and climbing) will be the star of his very own book (NY Post):
Wall Street Journal reporter Greg Zuckerman snagged one of the early interviews with hedge fund manager John Paulson in January, and now Zuckerman’s parlayed that story into a six-figure advance from the Doubleday imprint of Random House to write “The Greatest Trade Ever.”…
“It’s not a book about the housing crisis, it’s about a trade that will be remembered on Wall Street for a long time,” said agent David McCormick at McCormick & Williams.
Paulson, meanwhile, appears to be getting ready to call the bottom in the financials and bet big on them. For the economy’s sake, let’s hope he’s right again.
Business Insider Emails & Alerts
Site highlights each day to your inbox.