Summary of Gregory Zuckerman's The Greatest Trade Ever

Please note: This is a companion version & not the original book. Book Preview:#1 The idea of hedge funds originated in 1949 when an Australian man named Alfred Winslow Jones created one to protect his investment portfolio from market crashes.

Jones charged clients a 20 percent management fee.#2 After the dot-com bubble burst in 2000, funds that specialized in beating the market gained popularity.#3 Hedge funds, the second type of investment fund, are also extremely risky and seek to capitalize on market inefficiencies.

They also attract extremely rich individuals who want to be their own boss.#4 The financial industry grew at a rapid rate in the 2000s, fueled by the popularity of hedge funds.

These funds were started by experienced traders who recruited inexperienced investors to put their money into these funds.