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Cohen changed Wall Street. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not. Cohen was revered as one of the greatest traders who ever lived.
But that image was shattered when his fund, SAC Capital, became the target of a seven-year government investigation. Cohen, himself, however, was never charged. Black Edge raises urgent and troubling questions about those who sit at the pinnacle of high finance and how they have reshaped the economy. You are looking for Ebook Black Edge? You will be happy to know now. With our online resources, you can find Black Edge or any type of ebook, for any type of product.
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By downloading this application and saving it on a smartphone, tablet or laptop; then all people can read anywhere and anytime. He was interested in the world of finance ever since very early age. He was a brilliant poker player in high school.
He studied at the prestigious Wharton School of the University of Philadelphia. In , at the tender age of 21, Cohen was already working at a New York brokerage firm and had a reputation of a whiz kid. Because these are not people who have built factories or laid railroads to compete among themselves for such a disgustingly huge amount of money.
And they are not beyond using illegal ways to discover information which might gain them the edge. Like this summary? He understood it as a matter of patience; if you put in the work, it eventually paid off. Click To Tweet. Kang had thought carefully about his first line. He wanted Martoma to know that he had done his research. Cohen was acting like a man who was celebrating, while the government was far from finished with its investigation.
He could find that in the cushions of his Maybach. The government had made its best effort to bring one of the wealthiest men in the world to justice and left him largely in the same condition he had been in before. That image was shattered when SAC Capital became the target of a sprawling, seven-year investigation, led by a determined group of FBI agents, prosecutors, and SEC enforcement attorneys. Labeled by prosecutors as a magnet for market cheaters whose culture encouraged the relentless pursuit of edge and even black edge, which is inside information SAC Capital was ultimately indicted and pleaded guilty to charges of securities and wire fraud in connection with a vast insider trading scheme, even as Cohen himself was never charged.
Black Edge offers a revelatory look at the gray zone in which so much of Wall Street functions. Hardback book Black Edge on Android. Online Black Edge download for iPad. This topic has 0 replies, 1 voice, and was last updated 11 months, 1 week ago by Ann. December 17, at am
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