Steven A. Cohen is a Wall Street legend. Born into a middle class family in an affluent Long Island town, he longed from an early age to be a star on Wall Street. He went to Wharton, and in 1992 launched the hedge fund SAC Capital, which he built into a 15 billion dollar empire,…
"A timely, counterintuitive defense of Wall Street and the big banks as the invisible--albeit flawed--engines that power our ideas, and should be made to work better for all of us Maybe you think the banks should be broken up and the bankers should be held accountable for the fi…
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
What do hedge funds really do? These lightly regulated funds continually innovate new investing and trading strategies to take advantage of temporary mispricing of assets (when their market price deviates from their intrinsic value). These techniques are shrouded in mystery, whi…
Financial collapses--whether of the junk bond market, the Internet bubble, or the highly leveraged housing market--are often explained as the inevitable results of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerfu…
The roots of the mortgage bubble, the story of the Wall Street collapse, and the government's unprecedented response are captured in this blow-by-blow account of "the end of Wall Street" by one of our most trusted business journalists
