American Scandal

The FBI vs. the Hedge Fund | A Game of Poker | 1

Mar 15, 2022
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ANECDOTE

Cohen's Early Poker Prowess

  • As a teenager, Steven Cohen honed his poker skills, valuing the informational edge.
  • He dreamed of Wall Street riches, seeing the stock market as high-stakes poker.
ANECDOTE

Cohen's First Stock Market Foray

  • While at Wharton, Cohen prioritized real-world finance over lectures, watching stock tickers.
  • He made practice trades and impressed a broker with his market predictions, leading to his first investment.
ANECDOTE

Cohen's First Day Success

  • On his first day trading at Gruntal & Co., Cohen made risky side trades.
  • Despite breaking rules, his $4,000 profit impressed his boss, allowing him to continue.
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