Stray Reflections Inner Game with Steve Cohen
9 snips
Jan 10, 2024 Steve Cohen, CEO of Point 72 Asset Management, shares insights on trading evolution, balancing work & life, adapting in hedge fund industry, work flexibility during pandemic, self-improvement journey, reimagining success through generosity & impact.
AI Snips
Chapters
Transcript
Episode notes
Risk Management
- Manage risk by watching liquidity, leverage, and concentration.
- Avoid illiquid assets, excessive leverage, and over-concentration.
Focus on Losers
- Focus on losing positions to understand market signals and identify potential mistakes.
- Winners require less attention; understanding losses is crucial.
Gut Feel
- Gut feel is your unconscious mind processing information beyond the surface level.
- It combines intuition, experience, and market observation for deeper understanding.