This is the story of what has become known as the greatest trade ever. How one man went from being an obscure, unknown money manager to a legend of trading and investing. An inspiring story of going against the odds and coming out on top.
Before the financial crisis, John Paulson and his analyst at Paulson & Co, Paolo Pellegrini, suspected things were not so stable in the housing market. Despite warnings from everyone, they went ahead and bet heavily against subprime mortgages. The result? The greatest trade of all time and the largest one-year payout in the history of the markets.