The Race to Take Down the Greatest Trader Who Ever Lived

Ғылым және технология

Hedge fund king Steven Cohen was at the center of the largest insider trading scandal in history.
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Images of Steven Cohen's deposition was obtained by PBS Frontline. Watch the Frontline documentary: • Before The Mets, Steve...
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Select images/video supplied by Getty Images and Alamy.
Sources:
Start of video: Steven Cohen image: point72.com/leader/steven-a-c...
0:16 Agent001, CC BY-SA 3.0 creativecommons.org/licenses/... via Wikimedia Commons
1:41 WestCoastivieS, CC0, via Wikimedia Commons
2:09 Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0 creativecommons.org/licenses/... via Wikimedia Commons
2:35 Infrogmation of New Orleans, CC BY-SA 2.0 creativecommons.org/licenses/... via Wikimedia Commons
3:39 Bear Bull Traders, CC BY 2.0 creativecommons.org/licenses/... via Wikimedia Commons
8:44 Image of Steven Cohen / stevenacohen2
Articles and interviews referenced:
11:06 The Smoking Gun article www.thesmokinggun.com/buster/...
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Пікірлер: 231

  • @Newsthink
    @Newsthink6 ай бұрын

    *If you enjoyed this, check out my video on the outsider who turned $2M into $20 BILLION, the greatest trade ever* kzread.info/dash/bejne/Y32B1aqDeZq9mrA.html Access a dedicated guide to manage your financial life with Domain Money today: dmnmny.co/newsthink

  • @andrewmutavi590

    @andrewmutavi590

    6 ай бұрын

    An encouragement to be unscrupulous and get all u want by any means necessary, integrity be damned

  • @cebedecebede

    @cebedecebede

    6 ай бұрын

    You shouldn't celebrate cheaters.

  • @stevenchow408

    @stevenchow408

    6 ай бұрын

    One man greed is another's misery

  • @ariavachier-lagravech.6910

    @ariavachier-lagravech.6910

    6 ай бұрын

    "Greatest trader who ever lived" I have a problem with your title, namely the fact you are not covering Jim Simons the actual greatest trader and greatest mathematician of our time

  • @Newsthink

    @Newsthink

    6 ай бұрын

    That's a good idea for a future story@@ariavachier-lagravech.6910

  • @ariefghani2380
    @ariefghani23806 ай бұрын

    Meanwhile, politicians in Congress can legally do insider trading 😂

  • @refilwebilly2640

    @refilwebilly2640

    6 ай бұрын

    u see dats what im also saying if they can do it why cant we? 😂

  • @J4sse

    @J4sse

    6 ай бұрын

    A lot of these politicians have high net worths 🤔.

  • @J4sse

    @J4sse

    6 ай бұрын

    @@refilwebilly2640 *Criminal's attitude towards the government*

  • @up2me967

    @up2me967

    6 ай бұрын

    It's not how you play the game it's who dictates the rules of the game that win...

  • @chriskewe4238

    @chriskewe4238

    2 ай бұрын

    Criminals with immunity...

  • @rigorocks23
    @rigorocks236 ай бұрын

    Needs to be renamed the world’s greatest insider trader

  • @maxmarx2

    @maxmarx2

    6 ай бұрын

    True

  • @Newsthink

    @Newsthink

    6 ай бұрын

    That's not a bad idea

  • @raylopez99

    @raylopez99

    6 ай бұрын

    You wonder whether anybody really beats the averages. If Warren Buffett and his staff due to his ability to see trends being on so many boards can trade on information, not to mention members of Congress, is that skill or luck? Why I favor not having inside trading laws.

  • @MDNQ-ud1ty

    @MDNQ-ud1ty

    6 ай бұрын

    Greatest crook that likely had dirt on someone with power. It's all one corrupt psychopathic circus. It's easy to get away with stealing from the plebs if everyone is doing it.

  • @RealizeTrades

    @RealizeTrades

    6 ай бұрын

    The greatest are never caught

  • @MegaMijit
    @MegaMijit6 ай бұрын

    NOW ARREST THE POLITICIANS WHO ARE EVEN WORSE ABOUT INSIDER TRADING!!

  • @guitarsoundsaround

    @guitarsoundsaround

    5 ай бұрын

    💯. They’re the biggest house of cards. The few we hear about in the “news” is not even the tip of the iceberg. Endless corruption, globally too.

  • @Stephen_Lalrinawma
    @Stephen_Lalrinawma6 ай бұрын

    Such consistent quality content. You deserve all the success Cindy.

  • @gab_borges
    @gab_borges6 ай бұрын

    Just one correction. It’s not 20% or 50% of profits. It’s 20% or 50% of the profits that EXCEED the benchmark, like, S&P.

  • @jerrypark23
    @jerrypark236 ай бұрын

    I just discovered your channel. Your videos are top tier quality! Sufficiently informative without being verbose.

  • @Newsthink

    @Newsthink

    6 ай бұрын

    Thanks Jerry! More to come :)

  • @Play_Streams
    @Play_Streams6 ай бұрын

    Martoma = "Dolla Bill" in Billions

  • @Frontpageleisure

    @Frontpageleisure

    10 күн бұрын

    I’m Keyser f’ing Soze!

  • @TheDCGuitar13
    @TheDCGuitar136 ай бұрын

    Insider trading is as well enforced as weed laws. They pick and choose when to prosecute.

  • @arielspalter7425
    @arielspalter74256 ай бұрын

    I’m half way through, but just wanted to say thank you for incredibly informative and well done video!

  • @TM-yn4iu
    @TM-yn4iu2 ай бұрын

    Probably one of the best and factually interesting videos addressing an ongoing issue here in America. Furthermore, not mentioned in the normal media. Thank you.

  • @1Piecer
    @1Piecer6 ай бұрын

    The Greatest traders in USA are the Congress. Untouchable! And as Nancy said "Everyone Do it!"

  • @bjkjoseph
    @bjkjoseph6 ай бұрын

    It’s who you know, and they all know very influential people. They go to the top schools and the relationships they cultivate,they keep.

  • @bekreto

    @bekreto

    Ай бұрын

    You right.👍

  • @ragd4L
    @ragd4L6 ай бұрын

    Ah Bobby Axelrod

  • @bcab7955
    @bcab79555 ай бұрын

    To flip from such a large long side trade to shorting that same ticker almost immediately sans any major disruption from technical analysis should've been a major red flag to the regulatory agencies, wild.

  • @user-gu4ze9pl8w
    @user-gu4ze9pl8w2 ай бұрын

    So happy to have discovered these Mamas, and am looking forward to much more!

  • @m.usmanqureshi1561
    @m.usmanqureshi15616 ай бұрын

    Real life Bobby Axelrod

  • @RougeMaster
    @RougeMaster2 ай бұрын

    Sick Channel !!! Subbed liked and shared. Keep em coming

  • @j4genius961
    @j4genius9616 ай бұрын

    This is the real face of capitalism, those who truly "work hard and take risks" end up screwed while the big sharks enjoy unimaginable riches.

  • @loh1870

    @loh1870

    6 ай бұрын

    Save your money kids 😉 it'll be worth less later -economic system

  • @JayanthRoy-np1ys

    @JayanthRoy-np1ys

    6 ай бұрын

    Is there any scientific evidence or backing for that statement or is it an emotional opinion?

  • @d.7611

    @d.7611

    6 ай бұрын

    Work hard😂 Work smart is the matra, not sure what you are offering instead😂

  • @m.zahiruddinmohhar6492

    @m.zahiruddinmohhar6492

    6 ай бұрын

    Clearly that statement came from an emotional place and made up from lalaland.

  • @j4genius961

    @j4genius961

    6 ай бұрын

    @@JayanthRoy-np1ys Scientific like the video you just watched?

  • @bernl178
    @bernl1786 ай бұрын

    Fantastic Contant, problem is he is the one that got caught how many are doing this that don’t get caught. And how deeply entrenched are the politicians knowing all this and doing nothing about it it’s like loopholes were made purposely in the law for them to actually get away with it somewhat disgusting

  • @badsamaritan8223
    @badsamaritan82236 ай бұрын

    Strange that they couldn't get him on RICO charges.

  • @mirjanajaksic6440

    @mirjanajaksic6440

    6 ай бұрын

    They made a 🤝 he is making dirty money for some bih government guy

  • @Buckiz

    @Buckiz

    6 ай бұрын

    He's Jewish that's why.

  • @DisisSid001
    @DisisSid0016 ай бұрын

    Hey! Just wanted to let you know that I really like your content and Clicking on the bell icon really does not disappoint you!

  • @KlausVillaca
    @KlausVillaca2 ай бұрын

    Good video. Unfortunately that’s a common practice among some politicians and nothing happens with them.

  • @aldinokalla868
    @aldinokalla8686 ай бұрын

    ALWAYS THE SAME WHO MAKE FRAUDS AND SCAMS.

  • @papishome3394
    @papishome33946 ай бұрын

    that martoma guy is so heartess

  • @0389BA
    @0389BA6 ай бұрын

    Meanwhile senators did the same thing especially during the COVID pandemic and not a single one was held responsible. 🤬😡😡

  • @backupdancer3720
    @backupdancer37202 ай бұрын

    So what exactly did the writers of 'Billions' do to earn their money, besides jazz up a Wikipedia entry..?

  • @guillotineblade999
    @guillotineblade9996 ай бұрын

    Also, calling someone who used illegal means to make a fortune trading "the Greatest Trader" is like calling the most nortorious Thief "The Greatest entrepreneur."

  • @Newsthink

    @Newsthink

    6 ай бұрын

    Changed the title

  • @skelious
    @skelious6 ай бұрын

    Great job ty for sharing this vid.

  • @obey2dmax
    @obey2dmax3 ай бұрын

    The baseball owner thought he had "inside info" on Matsumoto.

  • @AshishKumar-qe4hq
    @AshishKumar-qe4hq6 ай бұрын

    his story was featured in billions and latest season just released

  • @Jahguaar
    @Jahguaar2 ай бұрын

    Knowledge supports growth.

  • @GrinerB
    @GrinerB2 ай бұрын

    The irony of the movie Wall Street playing everyday since it’s release. While I understand the need for insider trading laws, I don’t understand why politicians are exempt from them. Especially when the biggest political donors are Wall Street people or Wall Street adjacent.

  • @Enoo-Wynn
    @Enoo-Wynn6 ай бұрын

    Imagine if Cohen loses his car keys in that house. Poor fella. 😢

  • @twofish2470

    @twofish2470

    6 ай бұрын

    Don’t worry he’ll just take Ferrari #5 instead

  • @ariavachier-lagravech.6910
    @ariavachier-lagravech.69106 ай бұрын

    "Greatest trader who ever lived" But that's not Jim Simons

  • @Yrkr785

    @Yrkr785

    2 ай бұрын

    Jim isn’t a trader

  • @markcrisp07

    @markcrisp07

    Ай бұрын

    @@Yrkr785 What is he then?

  • @Yrkr785

    @Yrkr785

    Ай бұрын

    @@markcrisp07 he’s magician no risk all returns

  • @midwestcharm
    @midwestcharm4 ай бұрын

    We need to.figure out if Nancy and Paul Pelosi have been capitalizing on insider trading too.

  • @candyfloss184
    @candyfloss1842 ай бұрын

    Amazing....❤ the content.

  • @lapodcast3923
    @lapodcast39232 ай бұрын

    IDK why the FBI is tight about this stuff like games a game and this particular game props up the US economy 🎉

  • @up2me967
    @up2me9676 ай бұрын

    So moral of story is not to play trader unless you have inside trading sources and the risk acceptance for it?

  • @davidbrooks1724
    @davidbrooks17245 ай бұрын

    I get them selling their position, but shorting . Damn

  • @geoms6263
    @geoms62636 ай бұрын

    great guy Cohen

  • @IsThisHowUDoThat
    @IsThisHowUDoThatКүн бұрын

    this is the background that created the TV Show Billions

  • @khalidhakimi93
    @khalidhakimi936 ай бұрын

    15:30 Martin’s didnt go against cohen because its some people’s trait of loyalty and perhaps he was a good friend of cohen

  • @yashagar4443
    @yashagar44436 ай бұрын

    Impeccable

  • @prabhushankar8520
    @prabhushankar85206 ай бұрын

    Good 👍😊

  • @jaad9848
    @jaad98486 ай бұрын

    If all that is required is a star system to protect Cohen than Kingpins are meant to be protected by design

  • @johnd.5601
    @johnd.5601Ай бұрын

    It's not worth telling anyone when you know something is happening. It doesn't change anything and will only get worse for yourself.

  • @prashant381
    @prashant3816 ай бұрын

    Martoma ...u say he was hired from stanford...but he may have wrong transcripts from harvard..

  • @elmehdiezziar
    @elmehdiezziar6 ай бұрын

    Rate race 😊

  • @jackwilliamson1929
    @jackwilliamson19296 ай бұрын

    Oh I thought you were gonna talk about Ken Griffin but no you're gonna talk about the scapegoat.

  • @frankndungu5268
    @frankndungu52686 ай бұрын

    Billions is actually based on Steven Cohen

  • @WolfdogsRescue
    @WolfdogsRescue6 ай бұрын

    We just gunna ignore Nancy PELOSI???

  • @jetpark3743
    @jetpark37436 ай бұрын

    He's still powerful and rich

  • @kulwinderkuls8560
    @kulwinderkuls85606 ай бұрын

    Thanks for this amazing story(amazing fraud) I never heard about.

  • @74danishone
    @74danishone2 ай бұрын

    Steve Cohan is for sure into insider trading even if he is not caught yet

  • @edbop
    @edbop6 ай бұрын

    People are recruited to work in the city not for their talent but their lack of integrity.

  • @rhondamathis1323
    @rhondamathis13236 ай бұрын

    Eric was a day trader

  • @jeffcrampton4771
    @jeffcrampton47712 ай бұрын

    He had great lawyers with the right connections how do you think he did it.

  • @ljbrown824
    @ljbrown8246 ай бұрын

    So this is where billions come from lol

  • @Gorillestrader
    @GorillestraderАй бұрын

    This is every politician.

  • @MarcPagan
    @MarcPagan6 ай бұрын

    Thanks for the story from a former Muni Bond Arb Hedge Funder -- who didn't insider trade. Just to be clear. In case the SEC, FINRA, or other fine people are reviewing the comments section :)

  • @raylopez99

    @raylopez99

    6 ай бұрын

    You must not have been that successful... but at least you have good morals.

  • @MarcPagan

    @MarcPagan

    6 ай бұрын

    LOL@@raylopez99 Compared to Mr..Cohen? I had no success ..a relative minimum wage :). But, did manage just under 7 figures annually. Not bad, but way short of enough to buy the Mets:)

  • @raylopez99

    @raylopez99

    6 ай бұрын

    @@MarcPagan Good for you. I understand from some Wall Street traders I know that you have to make pretty much your entire career earnings (minus the roughly 50% tax) by the time you are in your early 30s, so divide your annual salary by about three to compare it to the real world where a career might last 30-45 years not 10-15 years. Invest your money wisely and you should do OK. I myself made almost a million in savings working in the tech field in Silicon Valley before I retired in my 40s, due to hard work, inspiration, preparation, and making money the old fashioned way: I inherited a boatload of money from a rich, childless relative.

  • @user-ul1ku1ds9d
    @user-ul1ku1ds9d2 ай бұрын

    That a boy! Wallstreet doesn’t play around….its all about the dollars and who’s pocket they reside. Go calls and puts

  • @markcrisp07
    @markcrisp07Ай бұрын

    He was making a lot more than 30% per annm. That's what his investors got. More like 60%+ per annum.

  • @aldinokalla868
    @aldinokalla8686 ай бұрын

    A KOSHER ROBBER 😀

  • @AlinaLopez-vz9qp
    @AlinaLopez-vz9qp3 ай бұрын

    Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

  • @user-uo2tf2gv8n

    @user-uo2tf2gv8n

    3 ай бұрын

    The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

  • @user-jy7wc5hb3i

    @user-jy7wc5hb3i

    3 ай бұрын

    do u consider anyone worthy for recommendations? I have money set asides to taste the waters now that stocks are at a discount, well it's either that or inflation.

  • @ClarkRivera-yn2tf

    @ClarkRivera-yn2tf

    3 ай бұрын

    Very much appreciated. I curiously looked up Lisa Ann Moberly on the web and fortunately came across her site first, her resume is incredible and she looks proficient I must say.

  • @chizzlemo3094
    @chizzlemo30946 ай бұрын

    the same reason 22 out of the 25 biggest HF managers are Jewish is the trust they have among eachother, same as why gangs in USSR were Jewish.

  • @fcktheworldeconomicforum6804
    @fcktheworldeconomicforum68046 ай бұрын

    1.26 ... he was NEVER the greatest/best trader ever lived

  • @didiermuhire9717
    @didiermuhire97176 ай бұрын

    D is out of water ? Or out of money? Be precise we are pros.

  • @olaolara883
    @olaolara8832 ай бұрын

    Huum everybody has his own greatest trader! To me the real GOAT is ICT😊

  • @user-uh1bp2wr9t
    @user-uh1bp2wr9t6 ай бұрын

    Could personally use that $101mill.

  • @RexMundi_UTC
    @RexMundi_UTC6 ай бұрын

    Get those man a life sentence and a jail cell STAT!

  • @DaBaltimoron
    @DaBaltimoron6 ай бұрын

    This is the guy who bought the Mets? After all the Madoff drama? Really buried the lede there.

  • @KarthikS30712
    @KarthikS30712Ай бұрын

    Steinberg, Martoma refused to cooperate so that he can return to stock trading and take up a lackey position with another shark.

  • @johnd.5601
    @johnd.56015 ай бұрын

    This isn't betting! Betting means one side pays up when they lose. This is plutocracy and crony capitalism! No matter what happens, these crooks will never pay up and never be indicted!

  • @Deriv44
    @Deriv446 ай бұрын

    Soil is Cohen the real life Bobby Axelrod,?

  • @SunnySingh-nw9tg

    @SunnySingh-nw9tg

    6 ай бұрын

    Yes bobby is based on him and chuck is based on preet brar who prosecuted cohen how chuck did bobby

  • @Deriv44

    @Deriv44

    6 ай бұрын

    @SunnySingh-nw9tg Thank you for the info and who Chuck is based on. 👍👍

  • @jamestreanor182
    @jamestreanor1826 ай бұрын

    There are many self made traders

  • @edwardmcgann3453
    @edwardmcgann34536 ай бұрын

    The ART of making money. How fucked are we? Our health care cost a multiple of others because of these ARTISTS 🌞🤣🤣🤣🤣🤣

  • @KT-en8pq
    @KT-en8pq5 ай бұрын

    US Congress.......

  • @DavidM2002
    @DavidM20022 ай бұрын

    Calling him the greatest trader is like calling Lance Armstrong the greatest rider. If you cheat, of course you can rise up through the ranks. Let's see them do their stuff the honest way and see how great they really are.

  • @ChuckleHoneybear
    @ChuckleHoneybear2 ай бұрын

    The poor old doctor!

  • @johnd.5601
    @johnd.56016 ай бұрын

    Hedge funds cheat? No I don't believe that....lmfao

  • @johnsullivan4049
    @johnsullivan40496 ай бұрын

    Great, now make it illegal for the polical class to get into insider trading. Which apparently it is not.

  • @KingdomIsNow
    @KingdomIsNowАй бұрын

    They never got the trader.

  • @lephtovermeet
    @lephtovermeet2 ай бұрын

    Hurrr durrr maybe dark trades of public equities shouldn't be allowed.

  • @marvinrobinson3981
    @marvinrobinson39813 ай бұрын

    Uh he's not the greatest if he had to cheat to do it!! I won't disagree if you say he's the greatest cheater

  • @OGQMdawini
    @OGQMdawini6 ай бұрын

    You mean Greatest insider trader who ever lived 😂

  • @zer0gravity184
    @zer0gravity1846 ай бұрын

    I'm thinking he was Nancy Pelosi's consultant with her "investment" strategy. 😏

  • @712UNEEK
    @712UNEEK6 ай бұрын

    I’m confused if he made money off of insider trading then he not the greatest trader he’s the greatest cheater

  • @ladabe4979

    @ladabe4979

    6 ай бұрын

    Look at his last name. That should be a hint.

  • @mn3438
    @mn34386 ай бұрын

    Jordan Belford is Infant compared to Steven 🦈 🐳

  • @Murray-wk3hz
    @Murray-wk3hz6 ай бұрын

    If he such a great trader, how come the Mets suck.

  • @jaad9848

    @jaad9848

    6 ай бұрын

    because hiring unethical people just ends up burning you after scandals mean you have to fire them. unethical is more useful in wall street or with the Astros

  • @nunyabizznizz7326
    @nunyabizznizz73266 ай бұрын

    multi tiered justice system at work.......like carlin said, it is a big club, and you aint in it

  • @abdulkhayabdumalikov6856
    @abdulkhayabdumalikov68566 ай бұрын

    106 th viewer😁😁😁

  • @Sirius-me5zy
    @Sirius-me5zy2 ай бұрын

    Insider trading are a nor

  • @FrankLukasJr-gk5vw
    @FrankLukasJr-gk5vw2 ай бұрын

    Crooks..all of them

  • @didiermuhire9717
    @didiermuhire97176 ай бұрын

    D Will never commit suicide, ever. He is Christian

  • @c.f.3503
    @c.f.35036 ай бұрын

    6th

  • @rickorange3137
    @rickorange31376 ай бұрын

    That's what they doing Washington DC Nancy pelosi and many more do it

  • @davidstevens5358
    @davidstevens53585 ай бұрын

    What about Nancy Pelosi and her husband doing inside trader..

  • @cxa24
    @cxa246 ай бұрын

    Mr traviance

  • @swoondrones
    @swoondrones6 ай бұрын

    Street! Why not incriminate him?

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