I meant it as a general statement not just in trading eg Uzan clan who swindled Motorola out of $2.7 billion and then disappeared.
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SEC bans Steve Cohen from supervising hedge funds
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I meant it as a general statement not just in trading eg Uzan clan who swindled Motorola out of $2.7 billion and then disappeared.
Oh Dear! How will he survive??
So you're saying the SEC enforcement division, whose job it is to enforce insider trading laws, are "envious bureaucrats, with career advancement motives"? So what is it, do you want them to do their job or not do their job? If they don't do it, they're lazy bureaucrats. If they do, they're "envious bureaucrats". Do you dispute the insider trading conviction and failure to supervise, or do you just hate all "gubment bureaucrats" because your political views require you to?
...another case of if it's too good to be true, it probably is. 
I'm not sure exactly what his returns are, but I think I recalled reading a while back he had like a track record of 20%+ every year without ever losing.
(an individual with a small account can easily claim that track record -- but managing billions is another story.)
I'm not sure exactly what his returns are, but I think I recalled reading a while back he had like a track record of 20%+ every year without ever losing.
(an individual with a small account can easily claim that track record -- but managing billions is another story.)
I tend to disagree. I think that to a certain extent what you said its true, but let's not forget something: money can't buy everything, talents have their way.
Steve Cohen looks like the eos lip balm I bought today. -- i didn't even need chapstick yet...but i bought it anyways...caught my eye because of its unique egg shape.
