The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today

CHAPTER 11

More Great Trades: Phillip Falcone, David Tepper, Andrew Hall, Greg Lippmann

We've come far, and at this point, we have met nearly all of the world's greatest traders: Paulson, Chanos, Bass, Livermore, Jones, Soros, and Templeton. But it could easily be argued that there are many other great traders and investment professionals who deserve credit for reaping equally handsome fortunes. Some of them played similar strategies to the aforementioned greats, while others are unique in their own right.

To list every fund manager or trader who made a fortune in the last 100 years would be a big task, and many of them deployed similar strategies to those already mentioned in this book anyway.

So, this last chapter looks at four traders who we can learn a lot from, for better or worse. They too took healthy profits through their trading strategies and are now positioned to live grandiose lifestyles.

PHILLIP FALCONE

Phillip Falcone manages Harbinger Capital Partners, one of the biggest hedge funds in America.

Falcone's story is an interesting one. Born in 1962 in the small town of Chisholm, Minnesota, he was an avid hockey player in his youth, a passion that continued with him to Harvard University, where he played varsity hockey and earned a bachelor's degree in Economics. Later on in his life, Falcone stayed true to his love of the game by purchasing a large stake (rumored to be around 40 percent) in a National Hockey League team, the Minnesota Wild.

Falcone's childhood was ...