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Sunday, 28 October 2012

5 Things You Probably Didn’t Know about SAC’s Stevie Cohen


Dubbed one of the most successful traders in the world, with an estimated net worth of $8.3 billion as of March 2012 and 196th 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

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