The life of Wall Street's wealthy

Roderick 2022-05-28 18:57:15

There is a paragraph:

A man went to a bookstore to buy a book and said to the clerk:

"I want to buy a book, I don't want to watch murder, but I hope that the plot will be startling every step of the way;

I don't want to see love, but there must be love and hate entanglement;

I don't want to read detective novels, but I want to have reasoning and suspenseful plots.

Can you recommend one to me? "

"Only this," the clerk said: "Stock Quotes".

...

The "Billions" introduced today is a shocking financial non-fiction novel. The "Jaws" in it is called Steven Cohen , the founder of SAC Capital, with a unique and weird The stock trading method has turned this fund into a huge empire with $16 billion under management at its peak. In 2006, it was named the " King of Hedge Funds " by the Wall Street Journal .

Regarding Cohen’s company, just take a paragraph:

✎ To find evidence of the success of Stamford-Syker Capital, you only need to look at its parking lot: one portfolio manager’s car is a Mercedes with gull-wing doors, and the other is A Maserati. Another guy who started as an intern not long ago drove a brown Bentley Continental, and the company's president drove a Ducati motorcycle to work.

Based on Cohen and this book, the Showtime TV network created a high-energy American drama of the same name. The fourth season that just started airing in March scored 9.6:

Manhattan, Wall Street.

The closest track to money, the eye of wealth, gathers the world's smartest brains, and the above-mentioned thrilling stories are staged every day.

Bobby Xrod, a genius stock trader from scratch, billionaire.

In business, he has a shark-sniffing anticipation and acuity for the operations, prospects, and inside stories of many companies on the market. Buying and selling are both accurate and ruthless, and hundreds of millions of transactions are settled within a few seconds, and thousands of dollars are collected in seconds. ten thousand.

In life, strict image management, idol-level self-discipline standards.

▲ Well-controlled weight is a declaration of social hierarchy

▲ Show off the posture of standing at the top of the food chain

In human relations, he pursues the principle of distinguishing grievances and grievances.

To the old man in the pizza shop who treated him well when he was a child, he played the patronage of the boss, and easily managed the vampire landlord.

And for those rich and unkind dregs, sorry, it's not too late for a gentleman to avenge him for ten years.

Obsessed with taking the permanent naming rights for a building, behind it are the bitter childhood memories of little Bobby.

Because a ball was missed, the rich old man took the innocent little caddy out of anger and fired him on the spot.

In addition to class consolidation, the ancient teachings of the rich but three generations still have their loyal practitioners.

Toss 9 million, just like a fun to chisel down your bird surname.

In terms of personal enjoyment, knowing that Bobby is constantly watching by the US Securities and Exchange Commission and the media, Bobby still insists on buying a mansion worth nearly 100 million yuan, not only for the sake of pleasure, but also practicing his principle of "purchasing power is power" and biting him. Declare war on your own group.

Chuck Rhodes, a super-rich second-generation from Ivy League school, gave up tens of millions of annual salary to become a federal prosecutor for the Southern District of New York and has great political ambitions. He had been eyeing Bobby early, planning to hunt this big shark as his promotion bargaining chip.

Chuck's hunting philosophy is to avoid the enemy's edge, wait for the opportunity, and make a fatal blow. With this patience, he maintained a brilliant record of 81 victories in prosecutions in the financial sector.

▲ The prosecutor is a messenger of justice during the day and a wild boy after get off work

Two (German) gods with all-round development of intellectual, physical, artistic and labor are ready to fight.

After several fights, Chuck finally caught a key witness for insider trading and forced Bobby to agree to a plea agreement with a sky-high fine.

▲ Don’t count zero, 1.9 billion dollars

However, even if they sat on the negotiation table for the penalty, the two still tore each other. Bobby bluntly said that 1.9 billion is painful, but just like an ant bite, it does not affect the mood of the picnic .

This scene comes from the fact that the U.S. Department of Justice and Cohen sensationalized the industry in a huge ticket case in 2013. Sec Capital admitted to illegal insider trading. Eight employees who directly participated in the transaction went to jail. The company paid 1.8 billion US dollars, which was a relevant record in the history of the United States. The record of the highest fine in the case .

This feat is the prototype of the prosecutor Chuck in the book: Pritt Balala ( Little Demon Fairy ) .

Barara, who came from an Indian immigrant family, has an amazing resume. From 2009 to 2014, the Federal Attorney's Office for the Southern District of New York won 85 insider trading cases in a row , bringing nearly a hundred Wall Street bankers to justice and shutting down dozens of them. A hedge fund that manipulates the market.

In addition to insider trading, Barara also led a team to investigate the illegal activities of the largest US banking giants such as Citigroup and HSBC, and won an unprecedented astronomical settlement for the US government.

This series of victories made him a strong man in the world's financial world. In 2012, he was named one of the "100 most influential people in the world" by Time Magazine, and he was called the "Wall Street Sheriff". .

Although he paid a huge fine and shut down Sec Capital, Cohen's newly established private fund "Point 72" still manages a huge amount of capital of more than 10 billion U.S. dollars. Just last year, Cohen has lifted the ban on external fund management qualifications. After the great white shark returned to the sea, the momentum of wind and thunder continued unabated.

In reality, the wealthy Cohen is so rich and self-willed, I think there is not enough money to film in American dramas.

✎ The art masterpieces in Cohen’s personal collection were worth 1 billion US dollars at the time and decorated the walls of the company’s office. Some of them are strange works that often attract viewers to snicker, such as a work called "Self":
It was a statue of the artist's own head, made by pouring 8 pints of his own blood into a mold and freezing it. Cohen installed a refrigeration system for this purpose to maintain the necessary temperature for the statue.
A few months later, he spent 8 million dollars to purchase another flashy work: a shark suspended in formaldehyde. People made fun of this shark as a satire dedicated to Cohen, the ultimate predator.

I checked it online and found that these two strange objects really exist. Their authors are from Young British Artists, which are famous for their avant-garde and coolness.

High-energy warning!

▲ Artist Mark Quinn and his blood head

▲ In 1992, Dammy Hirst exhibited his famous work "The Physical Impossibility of Death in the Mind of Someone Living" (The Physical Impossibility of Death in the Mind of Someone Living, 1991) at the Saatchi Gallery

On November 8, 2016, Donald Trump was elected president and vowed to introduce a new era of deregulation. The prosecutor Balala, who was fighting the battlefield, was directly dismissed by the government shortly after.

✎ Nowadays, the development and evolution of the financial industry has become so complicated that most of the behavior of the industry is almost completely beyond the reach of regulators and law enforcement agencies. Usually, the most successful companies on Wall Street keep pushing the forefront of regulation; whenever the law seems to be catching up, they move away.
There is a view that since the 2008 financial crisis, due to lack of willingness or expertise, it is almost impossible to prosecute criminals from top-tier companies. The fear of embarrassing defeat after a long and costly trial has led to a certain paralysis of law enforcement.

...

It’s the old saying: Steven Cohen and his fellow pioneers in the hedge fund industry neither build railways, build factories, nor invent new technologies. On the contrary, they just made billions of dollars just by speculating and using market bets with more wins and fewer losses. Not only did they gain amazing personal wealth, they also gained terrible influence in society.

Sheila, the author of "Billions", said frankly that the new US Department of Justice policy on financial crimes did not seem to have seen any changes until this book was published.

Realistic endings are often so embarrassing.

Public Account: Dongmen Shortcut Small V

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