Legendary Investor Steve Cohen with Glenn Fuhrman: On Investing, Philanthropy and Art
Steven A. Cohen is the Chairman and Chief Executive Officer of Point72, a 1,250+ person registered investment advisor. He talks with Glenn Fuhrman, the co-managing partner of MSD Capital and the founder of The FLAG Art Foundation. They have a fascinating conversation that includes everything from Steve’s incredibly successful career as an investor to his philanthropic efforts on behalf of our nation’s veterans and his well-known passion for modern and contemporary art.
Mr. Cohen founded SAC Capital in 1992 and converted his investment operations to the Point72 Asset Management family office in 2014. An avid philanthropist and entrepreneur, Mr. Cohen has founded and holds active leadership roles in a number of nonprofit organizations, including the Steven & Alexandra Cohen Foundation, Cohen Veterans Network and Cohen Veterans Bioscience. He serves on the boards of MOCA in Los Angeles, the Robin Hood Foundation and MoMA.
Recorded Nov 13, 2018 at 92nd Street Y.
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Пікірлер: 245
Legendary insider trader.
@phenotypeb6843
2 жыл бұрын
That makes him even more legendary
@karthikthodla5214
2 жыл бұрын
😂😂😂😂
@SimpleLivings
2 жыл бұрын
Legendary.
@JohnSmith-vy7ck
7 ай бұрын
And legendary supporter of veterans. Thank you Steve.
@saivamsikrishnaposani7157
4 ай бұрын
I thought it was not proved, and they settled outside.
Any Mets fans? Edit: LETS FUCKING GO
@thegentleman5409
4 жыл бұрын
It'sAlexForShort yessir LFGM
@Nik-cg6qr
4 жыл бұрын
Yup lol
@scotts6525
4 жыл бұрын
LMAO ME
@seannasti855
4 жыл бұрын
Lets go spend
@djsurprise5784
3 жыл бұрын
Right here lol
Who’s here after he won the bidding for the 2nd time?
@mclaren720
Жыл бұрын
bidding for what?
"And Warren buffet is not me"....classic!
The new majority owner of my Mets!!
@luisotero78
3 жыл бұрын
He sounds like a winner!!!!!! #LGM
@unc_rico
3 жыл бұрын
@@chrisnorton7046 Yessir. LFGM
Good interview....in that I'm a Mets fan. Generally....he's open to change. With that thought he likely is willing to trade commodities without always getting his investment back in return....as he's stated with his artwork. That's necessary in the baseball business. Sometimes values of players appreciate or depreciate. You can't get stuck on always getting a perfect return value. He seems willing to part with both good and bad investments. That's essential to long-term success as an organization. Sometimes it's simply the right time to buy or sell. I don't want an owner that isn't open to change. Trading is his business. It's baseball business too. It's about where the business is going.....not where it is today or where it was yesterday. It's about overall growth and being aware of future outlooks.
@ctdieselnut
2 жыл бұрын
Sometimes not admitting defeat costs you much more in addition to money as well. Not a bad takeaway.
The 'precursor' to CNBC was FNN. (Financial News Network)
I came here after reading an article about Billions on Wiki. Thank you for this interview and interesting questions.
Cohen legit called the NFT phenomenon 3 years early. Legend
@aaronbarrie180
2 жыл бұрын
Criminal more like it
@kiklocus4660
2 жыл бұрын
he is a criminal
Very charismatic, calm and collected
love this guy
Fantastic interview - he has a great sense of humor.
The most savage hedge fund manager….but cool down to earth guy.
It's weird that he pays hundreds of millions for pieces of art, then he calls them "pictures". I respect that..
Nothing he has stated is actually profound. Wonder what accounts for his success. Appreciate the honesty that he attributes to luck.
@bluehorseshoe444
3 жыл бұрын
What accounts for his success? He's the biggest cheater on Wall St... his biggest accomplishment was legally insulating himself from the actions of the guys working for him... those guys are now in jail for the way they made him money.
@SpewtGG
2 жыл бұрын
@@bluehorseshoe444 kids mad
@mikerosoft1009
2 жыл бұрын
Naked shorts, manipulating dark pools, crime all around, lots to pick from.
@kiklocus4660
11 ай бұрын
no 1 thing I noticed in successful people is they all started early they found their niche early on
@kiklocus4660
11 ай бұрын
@@SpewtGG no he isn't, he is knowledgeable and well aware of who Steven cohen is, who is a crook but in the end everyone in wall street is such as banks.
Great Interview! Funny laugh at 44:30
He's much different than I expected! Very grounded and relatable!! (not sure I spelled that right?!)
@nippy7425
4 жыл бұрын
“Relatable” “Down to Earth”
@ratsuel8152
3 жыл бұрын
@Francis Super Investor? Super Cheater?
@Mistyfire
3 жыл бұрын
He’s also an insider trader. They just couldn’t pin it on him
@bluehorseshoe444
3 жыл бұрын
This is all a ruse... this guy is the biggest criminal on Wall St and is a certified a**hole
@ctdieselnut
2 жыл бұрын
@@bluehorseshoe444 that may be, but who are you? Are you perfect? Or do you just love demonizing billionaires?
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
35:00
Are there any more Steve Cohen interviews?
Who interview...got a vibe like, "these are the questions you're asking me? I'm here for you, ok? Goodbye..."
New Mets owner come tomorrow. Welcome Steve and Thank you.
@applefanboy5706
3 жыл бұрын
😤
I actually like this guy. My floor is still 35,000,000 thooo!!!!
@tomseagal8950
2 жыл бұрын
50,000,000 now
@Dotboii
2 жыл бұрын
Ape together strong
more like Legendary Insider Steve Cohen
Very smart man with a great sense of humor. I’m so glad he’s the new Mets owner!!
@Caleb_Mandrake872
2 жыл бұрын
Getting phone calls telling him what stock is about to drop is not a "very smart man." Anybody could be successful when tipped off.
@mclaren720
Жыл бұрын
@@Caleb_Mandrake872 who cares he made dirty money without directly hurting people, banks are doing much worse and we give them all our money unquestioned.
Title is wrong, it's "Legendary Criminal Steve Cohen".
“All companies generate data “ “Get down into the data “ “ Integrate the data “ If that’s isn’t the truth !! 💯 I’ve always said - you have to be observant and be in TUNED with what’s going on around you other than being caught up on dumb crap (distractions) if I wanna make money
how did i miss this video?
Wow I didn’t expect him to be so likable and friendly. Excellent interview
Do you want to own the original painting of Narcissus by Caravaggio or a digital image?
25:00
I wish him and his family oh so very well. Thank u me Cohen for sharing ur thoughts !! 💯😊🥰
@bluehorseshoe444
2 жыл бұрын
What do you wish for the families of the men who worked for him that are now in jail for doing what he told them to do to make himself rich?
His much different from what I expected, his a very cool guy not as tuff as one might expect.
Who’s here after he bought the mets
@DannyOvox3
3 жыл бұрын
I’m here after the GameStop short squeeze
Very down to earth guy! Lets go Mets!
God
he looks like one of the villain played in true detective in season 1
please invest in a good mic next time.
🙌
is Bobby Axelrod based on this guy?
@sachinchauhan7471
5 жыл бұрын
Hugo Nongbri hell yes
@monmalakhi6953
5 жыл бұрын
Hugo Nongbri yes this was the person they loosely based him on I just read it earlier today which lead me here
@Geor9e
5 жыл бұрын
Yes
@theemacsen1518
5 жыл бұрын
Yes
@scottab140
4 жыл бұрын
No
the real bobby look like chuck rhoades!
BRAVO BOTH
I want to be an insider trader so bad.
We are in good hands, Mets fans.
This man is my bitlife character.
@blumenflower6539
3 жыл бұрын
He has that type of life path
Great part: 33:13 and 35:00. Favorite: 40:30.
"did they play hold'em back then?" " we played hold'em... I....I....I don't know how to play hold'em!"
@tocarco
3 жыл бұрын
Liar
The Dude.
This guy literally is bloody rich. VC firm and Met acquisition within 2 years
Let's go Mets!!!
officially offical
305:00
The funny part is, as smug as Steve wants to be, he will always hire people who suck. Anyone who could legit trade would never be an employee.
the interviewer doesn't ask very interesting questions
Hes got that sandy Alderson forehead
LFGM BABY
This guy basically can provide Mets unlimited money to get the best players.
@newyork4311
3 жыл бұрын
I'm 100 percent ok with that.
LFGM
Middle class in long island is rich everywhere else.... I don't know why billonaires need to feed us this false "Struggle" to make it seem like they had to overcome some sort of adversity that just wasn't there.
@johndingleberry6856
3 жыл бұрын
Agreed. I thought the same.
@lukaradojevic7195
3 жыл бұрын
Wealth is relative thing,same as space and time depends on the observer,you measure your status and wealth with those around you.struggle and suffering is universal and having little bit of money does not solve your existental life questions and problems that everyone have
@tictoc5443
2 жыл бұрын
Your opinion
LETS GO METS
"once I commit to something, I tend to go at it pretty hard" ...going by this statement I think its safe to say, the Wilpon nightmare is over. Let's go Mets! kzread.info/dash/bejne/gY2Nk5KFo9KyaLQ.html
'We cleaned up people, so you need to find new players ' . Principle applies to both poker and his hedge fund. 🤣👈🤔🧐😜
@Bonks55
3 жыл бұрын
and baseball
I love Steve Cohen. I have so much respect for his accomplishments however modern art? I will never understand this but that is just me. If you want to see something beautiful just take a walk in nature it's a lot cheaper.
@lindakachur4862
4 жыл бұрын
Modern art or any other is valuable as a money laundering device.
@tomsii7946
4 жыл бұрын
Pull your tongue out of his arse the man is a cheat.
@jacksonbateman1073
4 жыл бұрын
Tomsii • no you’re just jealous
why people hate this guy?
@LabSkaterPussies
3 жыл бұрын
cus hes more successful than them
LOL.A softball interview to put it mildly.Did Stevie pay this guy to refrain from asking hard questions?What about some Martoma questions?What about all the SAC traders who got into trouble?What about Preet`s characterization of SAC as a magnet for market cheaters?What about the "Black Edge" of insider trading at SAC?What about the mandated governmental compliance at Stevie`s current firm?
@StefanVenus
5 жыл бұрын
Too rich to care about it ;)
@sftg1538
4 жыл бұрын
Fuck the government
"I haven't done much in biotech" ☠️
Someone is not successful when they're tipped off which company to invest. Anybody could do that.
They predicted NFT's in here
predicting NFT
43:30 this dude said it in 2018 what today is the NFT market
Wow I didn't know the new Mets owner have seven kids
KING COHEN
@YouMustBeMadReplyingToMe
5 жыл бұрын
Hahahaha lets fucking go dude
@raiderdaytrading
4 жыл бұрын
Am I missing something here?
@s2rg11
3 жыл бұрын
Garrison FX yeah
Long Live Steve Cohen ...(Bobby Axelrod)!
LEGEND!!!! THANKS FOR THIS INTERVIEW. PEOPLE DONT REALIZE THEY'RE WATCHING A TRADING PRODIGY. BUT THEY ARE. READ THE BOOK BLACK EDGE.
@locomoco2012
4 жыл бұрын
He did not grow due to hedging but leverage.
@rahulthukaram
3 жыл бұрын
@@locomoco2012 he clearly stated he trades options and he also said his fund is long-short which automatically means there is some kind of hedging
@locomoco2012
3 жыл бұрын
@@rahulthukaram hedge = legal money laundering.
Mr Tillman contact Mr Cohen if he wants to do business together:) I like him you can trust him
He is obviously a maths guy...lol...the sports was just a big up talk..
@jonathangonzales4115
4 жыл бұрын
He’s actually a risk guy. He spent more time playing poker than studying math.
Bobby Axelrod
He looks like a white Al Roker
You spelled corrupt wrong.
What are the chances that he’s knee deep in insider trading again? 99% or 100%?
-43:39
Wives must be suckin his wallets dry
@user-cp3mv6vw6p
Жыл бұрын
She can't it's impossible
Bobby Axelrod in real life.
49:03 he was terribly wrong about the return this year {2019}. he'll be right if the market lose at least 20% on 2020. by the way i think the disadventage of hedge funds is their disability of seeing the bigger picrure. they are speculating the market and not investing in it.
@TheDJ2Fr3sh
4 жыл бұрын
I think he was right LMAO
@orirosi
4 жыл бұрын
@@TheDJ2Fr3sh hahaha.. Nice
Isn't that the guy profiting from insider trading?
Why do we celebrate criminals
@anjalichaudhary8130
Жыл бұрын
wtf
Steve Cohen is the man !!
Insider trading criminal.
WWWWW
Steve March 9, 2009 you weren't a buyer teh world was going to end. Why weren't you a buyer in that month aggressively?
the older version of bob fucking axelrod
This guy should be in jail
He has a netwoth of of 14 billion. Now you know why. He stole it from normal traders
#felon
@hawks4life245
3 жыл бұрын
how
@ericpixley4594
3 жыл бұрын
@@hawks4life245 read black edge
@hawks4life245
3 жыл бұрын
@@ericpixley4594 he is getting mlb team
@ericpixley4594
3 жыл бұрын
@@hawks4life245 aaand? he is still a criminal!
@newyork4311
3 жыл бұрын
@@ericpixley4594 Could care less he didn't murder anyone just give my team a World Series lol.
He sounds legit but sadly he was investigated by the FBI for insider trading
@menamgamg
2 жыл бұрын
He's a criminal that has enough money to get away with it. There's tons of evidence that many hedge funds have done and still are doing absolutely despicable things.
okay so...you bring one of the best up comers on wall street/ investing scene and ask him about art - stonks.
@aristolochene
4 жыл бұрын
Do you even know who Cohen is? One of the best up and comers? Are you fucking serious?
@lebumjames1373
3 жыл бұрын
@@aristolochene LMAO I couldn’t tell if this guy was being sarcastic with his comment or was genuinely that naive.
@aristolochene
3 жыл бұрын
@@lebumjames1373 sarcasm, I hope
You not Warren buffet, Warren buffet is not me.......awkward
Our savior.
Mets brought me here.
@applefanboy5706
3 жыл бұрын
Yup
CRIMINAL