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Only Tesla and Toyota will Survive
The Compound and Friends
Lessons from Steve Cohen: Math is Not an Edge
Nick shares some of the wisdom he learned from Steve Cohen at SAC. One of the key lessons is that math alone is not enough to gain an edge in investing. Steve would dismiss pitches based on calculations, stating that if it can be calculated, it's not an edge. He believed that a catalyst, something that would change market perception, was more important. Simply knowing that tech trades for 25 times earnings is not enough to make investment decisions.
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