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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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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*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
6 ай бұрын
An encouragement to be unscrupulous and get all u want by any means necessary, integrity be damned
@cebedecebede
6 ай бұрын
You shouldn't celebrate cheaters.
@stevenchow408
6 ай бұрын
One man greed is another's misery
@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
6 ай бұрын
That's a good idea for a future story@@ariavachier-lagravech.6910
Meanwhile, politicians in Congress can legally do insider trading 😂
@refilwebilly2640
6 ай бұрын
u see dats what im also saying if they can do it why cant we? 😂
@J4sse
6 ай бұрын
A lot of these politicians have high net worths 🤔.
@J4sse
6 ай бұрын
@@refilwebilly2640 *Criminal's attitude towards the government*
@up2me967
6 ай бұрын
It's not how you play the game it's who dictates the rules of the game that win...
@chriskewe4238
2 ай бұрын
Criminals with immunity...
Needs to be renamed the world’s greatest insider trader
@maxmarx2
6 ай бұрын
True
@Newsthink
6 ай бұрын
That's not a bad idea
@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
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
6 ай бұрын
The greatest are never caught
NOW ARREST THE POLITICIANS WHO ARE EVEN WORSE ABOUT INSIDER TRADING!!
@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.
Such consistent quality content. You deserve all the success Cindy.
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.
I just discovered your channel. Your videos are top tier quality! Sufficiently informative without being verbose.
@Newsthink
6 ай бұрын
Thanks Jerry! More to come :)
Martoma = "Dolla Bill" in Billions
@Frontpageleisure
10 күн бұрын
I’m Keyser f’ing Soze!
Insider trading is as well enforced as weed laws. They pick and choose when to prosecute.
I’m half way through, but just wanted to say thank you for incredibly informative and well done video!
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.
The Greatest traders in USA are the Congress. Untouchable! And as Nancy said "Everyone Do it!"
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
Ай бұрын
You right.👍
Ah Bobby Axelrod
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.
So happy to have discovered these Mamas, and am looking forward to much more!
Real life Bobby Axelrod
Sick Channel !!! Subbed liked and shared. Keep em coming
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
6 ай бұрын
Save your money kids 😉 it'll be worth less later -economic system
@JayanthRoy-np1ys
6 ай бұрын
Is there any scientific evidence or backing for that statement or is it an emotional opinion?
@d.7611
6 ай бұрын
Work hard😂 Work smart is the matra, not sure what you are offering instead😂
@m.zahiruddinmohhar6492
6 ай бұрын
Clearly that statement came from an emotional place and made up from lalaland.
@j4genius961
6 ай бұрын
@@JayanthRoy-np1ys Scientific like the video you just watched?
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
Strange that they couldn't get him on RICO charges.
@mirjanajaksic6440
6 ай бұрын
They made a 🤝 he is making dirty money for some bih government guy
@Buckiz
6 ай бұрын
He's Jewish that's why.
Hey! Just wanted to let you know that I really like your content and Clicking on the bell icon really does not disappoint you!
Good video. Unfortunately that’s a common practice among some politicians and nothing happens with them.
ALWAYS THE SAME WHO MAKE FRAUDS AND SCAMS.
that martoma guy is so heartess
Meanwhile senators did the same thing especially during the COVID pandemic and not a single one was held responsible. 🤬😡😡
So what exactly did the writers of 'Billions' do to earn their money, besides jazz up a Wikipedia entry..?
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
6 ай бұрын
Changed the title
Great job ty for sharing this vid.
The baseball owner thought he had "inside info" on Matsumoto.
his story was featured in billions and latest season just released
Knowledge supports growth.
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.
Imagine if Cohen loses his car keys in that house. Poor fella. 😢
@twofish2470
6 ай бұрын
Don’t worry he’ll just take Ferrari #5 instead
"Greatest trader who ever lived" But that's not Jim Simons
@Yrkr785
2 ай бұрын
Jim isn’t a trader
@markcrisp07
Ай бұрын
@@Yrkr785 What is he then?
@Yrkr785
Ай бұрын
@@markcrisp07 he’s magician no risk all returns
We need to.figure out if Nancy and Paul Pelosi have been capitalizing on insider trading too.
Amazing....❤ the content.
IDK why the FBI is tight about this stuff like games a game and this particular game props up the US economy 🎉
So moral of story is not to play trader unless you have inside trading sources and the risk acceptance for it?
I get them selling their position, but shorting . Damn
great guy Cohen
this is the background that created the TV Show Billions
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
Impeccable
Good 👍😊
If all that is required is a star system to protect Cohen than Kingpins are meant to be protected by design
It's not worth telling anyone when you know something is happening. It doesn't change anything and will only get worse for yourself.
Martoma ...u say he was hired from stanford...but he may have wrong transcripts from harvard..
Rate race 😊
Oh I thought you were gonna talk about Ken Griffin but no you're gonna talk about the scapegoat.
Billions is actually based on Steven Cohen
We just gunna ignore Nancy PELOSI???
He's still powerful and rich
Thanks for this amazing story(amazing fraud) I never heard about.
Steve Cohan is for sure into insider trading even if he is not caught yet
People are recruited to work in the city not for their talent but their lack of integrity.
Eric was a day trader
He had great lawyers with the right connections how do you think he did it.
So this is where billions come from lol
This is every politician.
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
6 ай бұрын
You must not have been that successful... but at least you have good morals.
@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
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.
That a boy! Wallstreet doesn’t play around….its all about the dollars and who’s pocket they reside. Go calls and puts
He was making a lot more than 30% per annm. That's what his investors got. More like 60%+ per annum.
A KOSHER ROBBER 😀
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
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
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
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.
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.
1.26 ... he was NEVER the greatest/best trader ever lived
D is out of water ? Or out of money? Be precise we are pros.
Huum everybody has his own greatest trader! To me the real GOAT is ICT😊
Could personally use that $101mill.
Get those man a life sentence and a jail cell STAT!
This is the guy who bought the Mets? After all the Madoff drama? Really buried the lede there.
Steinberg, Martoma refused to cooperate so that he can return to stock trading and take up a lackey position with another shark.
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!
Soil is Cohen the real life Bobby Axelrod,?
@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
6 ай бұрын
@SunnySingh-nw9tg Thank you for the info and who Chuck is based on. 👍👍
There are many self made traders
The ART of making money. How fucked are we? Our health care cost a multiple of others because of these ARTISTS 🌞🤣🤣🤣🤣🤣
US Congress.......
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.
The poor old doctor!
Hedge funds cheat? No I don't believe that....lmfao
Great, now make it illegal for the polical class to get into insider trading. Which apparently it is not.
They never got the trader.
Hurrr durrr maybe dark trades of public equities shouldn't be allowed.
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
You mean Greatest insider trader who ever lived 😂
I'm thinking he was Nancy Pelosi's consultant with her "investment" strategy. 😏
I’m confused if he made money off of insider trading then he not the greatest trader he’s the greatest cheater
@ladabe4979
6 ай бұрын
Look at his last name. That should be a hint.
Jordan Belford is Infant compared to Steven 🦈 🐳
If he such a great trader, how come the Mets suck.
@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
multi tiered justice system at work.......like carlin said, it is a big club, and you aint in it
106 th viewer😁😁😁
Insider trading are a nor
Crooks..all of them
D Will never commit suicide, ever. He is Christian
6th
That's what they doing Washington DC Nancy pelosi and many more do it
What about Nancy Pelosi and her husband doing inside trader..
Mr traviance
Street! Why not incriminate him?