The story of billionaire trader Steven Cohen, the rise and fall of his hedge fund SAC Capital, and the largest insider trading investigation in history for readers of The Big Short, Den of Thieves, and Dark Money
Steven A. Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn't lay railroads, build factories, or invent new technologies. Rather, they made their billions through speculation, by placing bets in the market that turned out to be right more often than wrong and for this, they gained not only extreme personal wealth but formidable influence throughout society. Hedge funds now oversee more than $3 trillion in assets, and the competition between them is so fierce that traders will do whatever they can to get an edge.
Cohen was one of the industry's biggest success stories, the person everyone else in the business wanted to be. Born into a middle-class family on Long Island, he longed from an early age to be a star on Wall Street. He mastered poker in high school, went off to Wharton, and in 1992 launched the hedge fund SAC Capital, which he built into a $15 billion empire, almost entirely on the basis of his wizard like stock trading. He cultivated an air of mystery, reclusiveness, and excess, building a 35,000-square-foot mansion in Greenwich, Connecticut, flying to work by helicopter, and amassing one of the largest private art collections in the world. On Wall Street, Cohen was revered as a genius: one of the greatest traders who ever lived.
That image was shattered when SAC Capital became the target of a sprawling, seven-year investigation, led by a determined group of FBI agents, prosecutors, and SEC enforcement attorneys. Labeled by prosecutors as a magnet for market cheaters whose culture encouraged the relentless pursuit of edge and even black edge, which is inside information SAC Capital was ultimately indicted and pleaded guilty to charges of securities and wire fraud in connection with a vast insider trading scheme, even as Cohen himself was never charged.
Black Edge offers a revelatory look at the gray zone in which so much of Wall Street functions. It's a riveting, true-life legal thriller that takes readers inside the government's pursuit of Cohen and his employees, and raises urgent and troubling questions about the power and wealth of those who sit at the pinnacle of modern Wall Street.
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小猪飞天的评论作者只是sac的一个associate,跟steve cohen根本说不上什么话,结果就是书比较肤浅,只能描述一个结果,却无法解释Steve的想法,因为人家根本不会理他
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[已注销]的评论对金融业内幕的描写。用笔太过夸张,很多细节可能源于臆测或者演绎。
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Wind Rider的评论看了三分之一看不下去了
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啊兔飞飞的评论1)Our job was to play. You buy, man. It was deal mania, and every rumor was true. 2)Edge is the water, and they are swimming in it. And you should pride yourself on hiring the most determined swimmers. @Flight To Hong Kong
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爱吃鱿鱼的猫的评论在别人贪婪时恐惧,在别人恐惧时贪婪。
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Hoxx的评论文笔节奏真的不错,但是基于2手资料构建的人物描写似乎不算客观
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Sheryl的评论专业词汇多。讲对冲基金,内幕交易
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hipresario的评论Let's see Cohen's return in 2018.
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coldsea的评论其实对于Steve Cohen的刻画没有很立体。倒是Martoma的刻画很让人印象深刻。所以后面着重讲Martoma的部分还挺好看的。
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monomania的评论In other words, the rise and fall and soon-to-be rise again of Steve Cohen.