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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[@zico739]

Legendary insider trader.

[@phenotypeb6843]

That makes him even more legendary

[@karthikthodla5214]

😂😂😂😂

[@SimpleLivings]

Legendary.

[@JohnSmith-vy7ck]

And legendary supporter of veterans. Thank you Steve.

[@saivamsikrishnaposani7157]

I thought it was not proved, and they settled outside.

[@s.m.m4771]

Who’s here after he won the bidding for the 2nd time?

[@mclaren720]

bidding for what?

[@HEARD201]

Any Mets fans? Edit: LETS FUCKING GO

[@thegentleman5409]

It'sAlexForShort yessir LFGM

[@Nik-cg6qr]

Yup lol

[@scotts6525]

LMAO ME

[@seannasti855]

Lets go spend

[@djsurprise5784]

Right here lol

[@skiegehrig1035]

"And Warren buffet is not me"....classic!

[@DubaiRealty]

I came here after reading an article about Billions on Wiki. Thank you for this interview and interesting questions.

[@johncummings5350]

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]

Sometimes not admitting defeat costs you much more in addition to money as well. Not a bad takeaway.

[@mjc6184]

Fantastic interview - he has a great sense of humor.

[@mindforsuccess]

Very charismatic, calm and collected

[@jalvarez5693]

The new majority owner of my Mets!!

[@luisotero78]

He sounds like a winner!!!!!! #LGM

[@unc_rico]

@@chrisnorton7046 Yessir. LFGM

[@teksal13]

The 'precursor' to CNBC was FNN. (Financial News Network)

[@whodeybengals5567]

love this guy

[@nicholaspalko5894]

Cohen legit called the NFT phenomenon 3 years early. Legend

[@aaronbarrie180]

Criminal more like it

[@kiklocus4660]

he is a criminal

[@spindillio]

He's much different than I expected! Very grounded and relatable!! (not sure I spelled that right?!)

[@nippy7425]

“Relatable” “Down to Earth”

[@ratsuel8152]

@Francis Super Investor? Super Cheater?

[@Mistyfire]

He’s also an insider trader. They just couldn’t pin it on him

[@bluehorseshoe444]

This is all a ruse... this guy is the biggest criminal on Wall St and is a certified a**hole

[@ctdieselnut]

@@bluehorseshoe444 that may be, but who are you? Are you perfect? Or do you just love demonizing billionaires?

[@CameraGuyRy]

Wow I didn’t expect him to be so likable and friendly. Excellent interview

[@TorontoLibertarian]

It's weird that he pays hundreds of millions for pieces of art, then he calls them "pictures". I respect that..

[@HelloooThere]

Who interview...got a vibe like, "these are the questions you're asking me? I'm here for you, ok? Goodbye..."

[@youcantcme2]

New Mets owner come tomorrow. Welcome Steve and Thank you.

[@applefanboy5706]

😤

[@duallylicensed145]

I wish him and his family oh so very well. Thank u me Cohen for sharing ur thoughts !! 💯😊🥰

[@bluehorseshoe444]

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?

[@user-or7ji5hv8y]

Nothing he has stated is actually profound. Wonder what accounts for his success. Appreciate the honesty that he attributes to luck.

[@bluehorseshoe444]

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]

@@bluehorseshoe444 kids mad

[@mikerosoft1009]

Naked shorts, manipulating dark pools, crime all around, lots to pick from.

[@kiklocus4660]

no 1 thing I noticed in successful people is they all started early they found their niche early on

[@kiklocus4660]

@@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.

[@cg9287]

The most savage hedge fund manager….but cool down to earth guy.

[@ronaldromer94]

Great Interview! Funny laugh at 44:30

[@NathanielRobinson]

Very smart man with a great sense of humor. I’m so glad he’s the new Mets owner!!

[@Caleb_Mandrake872]

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]

@@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.

[@guCCI-sy5de]

more like Legendary Insider Steve Cohen

[@michaellynch6964]

Very down to earth guy! Lets go Mets!

[@duallylicensed145]

“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

[@africanultra271]

His much different from what I expected, his a very cool guy not as tuff as one might expect.

[@zach6639]

how did i miss this video?

[@noface5605]

I actually like this guy. My floor is still 35,000,000 thooo!!!!

[@tomseagal8950]

50,000,000 now

[@Dotboii]

Ape together strong

[@scottab140]

Do you want to own the original painting of Narcissus by Caravaggio or a digital image?

[@lanreenilo7405]

35:00

[@XTen1000DaysX]

Are there any more Steve Cohen interviews?

[@2011blueman]

Title is wrong, it's "Legendary Criminal Steve Cohen".

[@gto11520]

he looks like one of the villain played in true detective in season 1

[@Shah.07]

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[@anbernika]

BRAVO BOTH

[@Geor9e]

Great part: 33:13 and 35:00. Favorite: 40:30.

[@highlevel7235]

We are in good hands, Mets fans.

[@sosadesigner8813]

I want to be an insider trader so bad.

[@edwinarel5423]

Who’s here after he bought the mets

[@DannyOvox3]

I’m here after the GameStop short squeeze

[@ppe4charitydotsiten95respi7]

"did they play hold'em back then?" " we played hold'em... I....I....I don't know how to play hold'em!"

[@tocarco]

Liar

[@Bonks55]

officially offical

[@Youtuber-yu2uo]

the real bobby look like chuck rhoades!

[@vegetasaiyan5794]

God

[@JohnSmith-vy7ck]

🙌

[@lanreenilo7405]

25:00

[@saturten]

the interviewer doesn't ask very interesting questions

[@88888j]

This man is my bitlife character.

[@blumenflower6539]

He has that type of life path

[@patricke8627]

This guy literally is bloody rich. VC firm and Met acquisition within 2 years

[@AstalavisaOfficial]

please invest in a good mic next time.

[@nikakavdecko]

The Dude.

[@rickrodriguez6162]

Let's go Mets!!!

[@hugonongbri8100]

is Bobby Axelrod based on this guy?

[@sachinchauhan7471]

Hugo Nongbri hell yes

[@monmalakhi6953]

Hugo Nongbri yes this was the person they loosely based him on I just read it earlier today which lead me here

[@Geor9e]

Yes

[@theemacsen1518]

Yes

[@scottab140]

No

[@jackpotrules]

LEGEND!!!! THANKS FOR THIS INTERVIEW. PEOPLE DONT REALIZE THEY'RE WATCHING A TRADING PRODIGY. BUT THEY ARE. READ THE BOOK BLACK EDGE.

[@locomoco2012]

He did not grow due to hedging but leverage.

[@rahulthukaram]

@@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]

@@rahulthukaram hedge = legal money laundering.

[@loafandjug321]

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.

[@tjbudke4721]

LFGM BABY

[@lanreenilo7405]

305:00

[@petecheng1]

This guy basically can provide Mets unlimited money to get the best players.

[@newyork4311]

I'm 100 percent ok with that.

[@explosivediarrhea4671]

Hes got that sandy Alderson forehead

[@stevepatterson1124]

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]

Modern art or any other is valuable as a money laundering device.

[@tomsii7946]

Pull your tongue out of his arse the man is a cheat.

[@jacksonbateman1073]

Tomsii • no you’re just jealous

[@Dragon-tc6ud]

LETS GO METS

[@thepangwin902]

predicting NFT

[@AliAzharReal]

They predicted NFT's in here

[@ristekostadinov2820]

43:30 this dude said it in 2018 what today is the NFT market

[@johndingleberry6856]

why people hate this guy?

[@LabSkaterPussies]

cus hes more successful than them

[@1994g0]

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]

Too rich to care about it ;)

[@sftg1538]

Fuck the government

[@latin725]

Wow I didn't know the new Mets owner have seven kids

[@chrisranieri8307]

LFGM

[@MrXcitement666]

"I haven't done much in biotech" ☠️

[@ms9240]

'We cleaned up people, so you need to find new players ' . Principle applies to both poker and his hedge fund. 🤣👈🤔🧐😜

[@Bonks55]

and baseball

[@Caleb_Mandrake872]

Someone is not successful when they're tipped off which company to invest. Anybody could do that.

[@professorFG]

"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! kzbin.info/www/bejne/hYq8YmOCqNR_brM

[@elimso]

-43:39

[@bardakas9]

Mr Tillman contact Mr Cohen if he wants to do business together:) I like him you can trust him

[@duhello1000]

KING COHEN

[@YouMustBeMadReplyingToMe]

Hahahaha lets fucking go dude

[@raiderdaytrading]

Am I missing something here?

[@s2rg11]

Garrison FX yeah

[@MiguelJCintron]

What are the chances that he’s knee deep in insider trading again? 99% or 100%?

[@adriansaw8329]

Bobby Axelrod

[@stemikger]

He looks like a white Al Roker

[@wendylee2744]

He is obviously a maths guy...lol...the sports was just a big up talk..

[@jonathangonzales4115]

He’s actually a risk guy. He spent more time playing poker than studying math.

[@tallsmile28]

You spelled corrupt wrong.

[@tjm4702]

Bobby Axelrod in real life.

[@MaxJackson1975]

Long Live Steve Cohen ...(Bobby Axelrod)!

[@Dummerbrella987]

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]

Agreed. I thought the same.

[@lukaradojevic7195]

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]

Your opinion

[@megamars6131]

Isn't that the guy profiting from insider trading?

[@yusermarko3777]

Why do we celebrate criminals

[@anjalichaudhary8130]

wtf

[@Natashapimp]

Steve Cohen is the man !!

[@payetteman]

Insider trading criminal.

[@brissoNQ]

Wives must be suckin his wallets dry

[@user-cp3mv6vw6p]

She can't it's impossible

[@orirosi]

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]

I think he was right LMAO

[@orirosi]

@@TheDJ2Fr3sh hahaha.. Nice

[@tiborkomoroczy7647]

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?

[@HarrisonC39]

Our savior.

[@depressedjetsfan9658]

WWWWW

[@khaldancarlos9859]

the older version of bob fucking axelrod

[@heyJustephan]

He has a netwoth of of 14 billion. Now you know why. He stole it from normal traders

[@angelfmusic]

Mets brought me here.

[@applefanboy5706]

Yup

[@IIIIALBYIIII]

You not Warren buffet, Warren buffet is not me.......awkward

[@hs6736]

okay so...you bring one of the best up comers on wall street/ investing scene and ask him about art - stonks.

[@aristolochene]

Do you even know who Cohen is? One of the best up and comers? Are you fucking serious?

[@lebumjames1373]

@@aristolochene LMAO I couldn’t tell if this guy was being sarcastic with his comment or was genuinely that naive.

[@aristolochene]

@@lebumjames1373 sarcasm, I hope

[@simoneneil-jones7806]

This guy should be in jail

[@ericpixley4594]

#felon

[@hawks4life245]

how

[@ericpixley4594]

@@hawks4life245 read black edge

[@hawks4life245]

@@ericpixley4594 he is getting mlb team

[@ericpixley4594]

@@hawks4life245 aaand? he is still a criminal!

[@newyork4311]

@@ericpixley4594 Could care less he didn't murder anyone just give my team a World Series lol.

[@danyaradimacher6581]

He sounds legit but sadly he was investigated by the FBI for insider trading

[@menamgamg]

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.

[@mikeutube7888]

Stalin gave good interviews,too…