Tuesday, September 6, 2011

Outside reading

The outside reading book that I am going to do is called the The Greatest Trade Ever by Gregory Zuckerman.  This book from what I have been tolled is about the way John Paulson bet against the market in 2008 as in he predicted that housing markets were going to drop.  It turns out he was right and he ended up making something crazy like 17 billion in one year and 20 billion all together in the total 2 and a half years.  The economy in 2008 is a very fascinating subject for me.  Going into the summer, I had no idea of what happened and what has been going on in the economy, housing prices and jobs and interest rates.  However, I got an internship to work in nyc with my family on hedge funds and real estate investment, so i started to research and research and research for days after days.  I gave up two weeks of my time at home researching mbs and cdo and credit default swaps and all of those interesting stuff that lead to the fall in the economy in 2008.  I started by watching the movie Too Big To Fail, that movie was really eye opening as i was able to get some sort of an idea of what happened in 2008.  I also read wikipedia and reports  from B of A and and Citi and for two weeks did my research and study.  Then i went to nyc for 2 weeks and worked their and that was really an amazing experience going to work everyday.  However i did this all during the summer and now that school started, i don't have the time to look things up and read as much so i wanted to read this book to keep my mind in that economical state.  I also want to try to read the Wall Street Journal once a week if i have time.

1 comment:

  1. Sounds right up your alley. The Wall Street Journal is a fine newspaper.

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