Dubbed one of the most successful traders in the world, with an estimated net worth of $8.3 billion as of March 2012 and 196
th richest man in the world according to Forbes, is SAC’s Steven Cohen. Without further ado, here goes the list:
1) Chaos theory. Cohen can see order within chaos and just trade.
Quote:
“When he was building SAC, people would say things about the way he
made his money that were not flattering—we heard all those rumors,” says
Gary Goldring, onetime co-C.E.O. of Spear, Leeds & Kellogg, the
firm that cleared SAC’s trades. “But let me tell you, as his clearing
agent, I’ve seen all his records, hundreds of thousands of trades, all
of it, and my conclusion is simply that the guy is an artist. He looks
at a stock market in chaos and sees order. He was just right over and
over and over. I’ve sat and watched him trade, watched him stare at his
terminal in silence, and I can tell you, without a doubt, he is the best
that ever was at what he does. On the planet.”
Read more here: 5 Things You Probably Didn’t Know about SAC’s Stevie Cohen