The Anti-Buffett: Steven Cohen
Brian Stoffel, 17 April 2014
The Anti-Buffett: Why You Should Avoid This Hedge- Fund King’s Tactics Steve Cohen got his start by simply reading the tape. Who is Steve Cohen? Founder of SAC Capital, at one time a hedge-fund with $14 billion in assets Personal wealth valued at $11 billion
It all started when… Steve was a high school freshman in Long Island, and spent his days playing poker. By the time he was a junior, he was making between $500 and $1,000 per night from poker alone! When he was in college… Cohen would sit outside the Merrill Lynch offices in Philadelphia, and watch the stock ticker whiz by. Over time, Cohen believed he could guess the direction of stocks, without knowing anything about their underlying business. Continue reading “Article: The Anti-Buffett: Steven Cohen”
