face, daring it take him on.
Their looming showdown draws on themes of money, privilege, and class that define the era. Steve Cohen isn’t just another hedge-fund billionaire; he is the hedge-fund billionaire. He doesn’t live in just another Greenwich, Connecticut, mansion; he lives in the largest of them all, complete with its own two-hole golf course and Jeff Koons’s Balloon Dog sculpture adorning the driveway. Inside, the walls are festooned with paintings from his fabled collection of Impressionist and contemporary art, which includes Francis Bacon’s Screaming Pope, hanging just outside his bedroom. Doughy and clerk-like, Cohen is nevertheless the Gatsby of our age, a middle-class kid from Long Island who caught the gambling bug fleecing his high-school pals in all-night poker games. Today he tosses around his winnings in transparent attempts to join the social elite that’s never quite accepted him and his 48-year-old Puerto Rican second wife, Alex, whom he met through a dating service.
On Wall Street everyone knows the Cohen legend. The awkward kid who stood outside Merrill Lynch offices in college studying the green digital stock prices as they slid silently across screens in the window, finally deducing patterns no one else could see. The years as a wunderkind at little Gruntal & Co. during the 1980s, screaming at assistants who couldn’t keep up with his flood of trading orders.
Then came the formation of SAC at the dawn of the hedge-fund age, in 1992, its returns so enormous Cohen could demand as much as double the industry average 1.5 percent management fee and take 50 percent of investment gains, as opposed to the usual 20 percent. The jaw-dropping 70 percent returns he piled up riding the high-tech wave of 1998–99, then the even more mind-boggling 70 percent he earned betting against the very same stocks in 2000, inspired BusinessWeek to crown him “The Most Powerful Trader on Wall Street You’ve Never Heard Of.”
Cohen never wanted the attention, even after buying his Greenwich mansion and moving SAC into its new brick-and-glass headquarters on Long Island Sound. Taking a page from Milken’s book, he bought the copyright to photographs of himself—so the press couldn’t run them. He dodged reporters for years, until SAC’s name began popping up in stories about this new insider-trading investigation, at which point, in 2010, he sat for a series of exclusive interviews with Vanity Fair. “I feel like Don Quixote fighting windmills,” he groused. “There’s a perception, and I’m trying to fight that perception. I find it offensive that they lump SAC into these articles. I really do. The press, I mean, they don’t understand what the hell—they don’t understand what they’re writing about
Breaking the rule of the First Amendment by telling me that I need to stop with what I speak of on here. They are pathetic and will do anything to ruin America.
So, you're comparing the manufacturer of a coffee machine and a Mexican restaurant with SBUX?
Why not look instead at Tim Hortons and Dunkin' as comparisons for performance?
i think you are missing your own point.
GMCR is not a competitor to sbux, example? can you give a location to GMCR to get something to eat and a coffee. why not compare imbev instead since they sell beer?
and chiptole? come on
GMCR, up 1.13% today and has been on a continuing roll, for a direct beverage competitor, and CMG, a fast food competitor, up 1.48% today and has also been going up steadily while SBUX is not and has not been doing as well comparatively. I'm not a dnkn investor.. Can I stay?
At one time this was an interesting board. Then bitty and his hundreds of aliases hijacked it. He's a nut case but I blame yahoo for allowing it.
Hillary Clinton has failed at every major task she has undertaken, except one: her campaign of personal destruction against the powerless women victimized by her husband.
Elizabeth Warren owes her career to the cynical fraud she perpetrated to steal a faculty position that was set aside for a non-white candidate.
Neither of these white women achieved her current status through merit. The careers of both are based primarily on their exploitation of lower-status victims - acts which decent people deplore, but which Democrats seek to reward with their highest honor. ~ Robert McMahon
This back-and-forth trash talk is driving me to drink--and it's not coffee. Please, could we forget about Bitty-Bit and his ilk and talk about SBUX for a change? Why is it lagging others in this space? What's the outlook?
maybe you meant dunkin 39 since that is going down faster than grim911 tossing a salad in prison