Making a trade or investment happens thousands of times every day all around the world. You've probably done a few of them today and while it may make you some money (hopefully) there are some trades throughout history that will go down as the best ever. We have compiled a few of them below:
David Tepper:
In 2009 after the GFC he went after all the bank stocks that had just taken a hammering and bought up big (mostly Citigroup and Bank of America) on what turned out to be the bottom of the market. As such, by the end of the year he had quadrupled the hedge fund up to a value of $7 billion.
Andrew Hall:
Oil was sitting at $30 a barrel in 2003 when Andrew (working for Citigroup) made a huge bet that oil would reach $100 a barrel within 5 years. His prediction seemed so unlikely that he was able to get 'long-dated oil futures' at a very cheap price. The risk paid off and Andrew earned himself a cool $100 million bonus.
Paul Jones:
Using all of his experience, analysis and technical data, Paul was able to successfully predict the market crash of 1987 and proceeded to massively short stocks. When the Dow fell by 22% he walked away with around $100 million in gains.
Sir John Templeton:
A legendary investor most well known for his shot bets, Sir John correctly predicted the dot-com bubble pop. He shorted a huge amount of internet stocks with his intuition telling him to sell them just ahead of the post-IP six month lock-up expiry, which is when all the internet CEOs and founders were looking to get their cash out. He made over $80 million in a few weeks.
Those are a short list of some of the most famous and lucrative trades in history. Article and images credited to Business Insider.
David Tepper:
In 2009 after the GFC he went after all the bank stocks that had just taken a hammering and bought up big (mostly Citigroup and Bank of America) on what turned out to be the bottom of the market. As such, by the end of the year he had quadrupled the hedge fund up to a value of $7 billion.
Andrew Hall:
Oil was sitting at $30 a barrel in 2003 when Andrew (working for Citigroup) made a huge bet that oil would reach $100 a barrel within 5 years. His prediction seemed so unlikely that he was able to get 'long-dated oil futures' at a very cheap price. The risk paid off and Andrew earned himself a cool $100 million bonus.
Paul Jones:
Using all of his experience, analysis and technical data, Paul was able to successfully predict the market crash of 1987 and proceeded to massively short stocks. When the Dow fell by 22% he walked away with around $100 million in gains.
Sir John Templeton:
A legendary investor most well known for his shot bets, Sir John correctly predicted the dot-com bubble pop. He shorted a huge amount of internet stocks with his intuition telling him to sell them just ahead of the post-IP six month lock-up expiry, which is when all the internet CEOs and founders were looking to get their cash out. He made over $80 million in a few weeks.
Those are a short list of some of the most famous and lucrative trades in history. Article and images credited to Business Insider.