• 15 Feb 2011 at 4:45 PM

Steve Cohen, King Of Our Heart, Recounts The Worst Day Of His Life

By

Was it: a) the day two of his employees put the firm’s name in headlines next to ‘women’s underwear’ and ‘estrogen pills’ b) the day his ex-wife broke out of the psych ward c) the day he had to put his traders in a time out or d) none of the above?

The correct answer we were looking here was d, none of the above.

[Cohen] remembered getting his clock cleaned on a long position in Tenet Healthcare in 2002, losing $75 million to $80 million on the trade. He described the stock drop in Tenet because of a scandal as one of the worst days of his life. Mr. Cohen said it got worse when he came home that night and his wife was orchestrating their Christmas card photograph and made him dress up as the King of Clubs, [Hearts, and Diamonds].

Steve Cohen Opens Up [Dealbook]

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Comments (30)

  1. 1
    Posted by Guest | February 15, 2011 at 10:12 PM

    Clubs. There got to be more ways to use them.

    - Ping

  2. 2
    Posted by derp | February 15, 2011 at 10:13 PM

    She better be happy King Stevie didn’t decide to take a nice deep divot for the King of Clubs shot.

  3. 3
    Posted by trojan | February 15, 2011 at 10:17 PM

    xmas at the SAC household- no festivus?

  4. 4
    Posted by trojan | February 15, 2011 at 10:17 PM

    xmas at the SAC household- no festivus?

  5. 5
    Posted by trojan | February 15, 2011 at 10:17 PM

    xmas at the SAC household- no festivus?

  6. 6
    Posted by Guest | February 15, 2011 at 10:19 PM

    aren’t you missing the “so far…?”

  7. 7
    Posted by Guest | February 15, 2011 at 10:19 PM

    aren’t you missing the “so far…?”

  8. 8
    Posted by Guest | February 15, 2011 at 10:19 PM

    aren’t you missing the “so far…?”

  9. 9
    Posted by Guest | February 15, 2011 at 10:19 PM

    aren’t you missing the “so far…?”

  10. 10
    Posted by Motives | February 15, 2011 at 10:29 PM

    No spades?

  11. 11
    Posted by Senator Frist & Gov Rick Scott | February 15, 2011 at 10:35 PM

    We’ve certainly never had a problem top ticking HCA right before an earnings miss or accounting scandal. Perhaps your not trading on the correct information.

  12. 12
    Posted by Glen Quagmire | February 15, 2011 at 10:42 PM

    Was it a Thursday night ?

    Ping > UBS ? Elaborate [25 marks]

  13. 13
    Posted by guest | February 15, 2011 at 10:44 PM

    Steve, call me. You left a ball in the guest room.

    ~Bambi

  14. 14
    Posted by guest | February 15, 2011 at 11:04 PM

    “I don’t need all of this money. I’m married to a very generous woman.”

  15. 15
    Posted by guest | February 15, 2011 at 11:04 PM

    “I don’t need all of this money. I’m married to a very generous woman.”

  16. 16
    Posted by guest | February 15, 2011 at 11:04 PM

    “I don’t need all of this money. I’m married to a very generous woman.”

  17. 17
    Posted by guest | February 15, 2011 at 11:04 PM

    “I don’t need all of this money. I’m married to a very generous woman.”

  18. 18
    Posted by Combover4ever | February 15, 2011 at 11:06 PM

    is this Dick Cheney’s brother?

  19. 19
    Posted by Combover4ever | February 15, 2011 at 11:06 PM

    is this Dick Cheney’s brother?

  20. 20
    Posted by Combover4ever | February 15, 2011 at 11:06 PM

    is this Dick Cheney’s brother?

  21. 21
    Posted by Combover4ever | February 15, 2011 at 11:06 PM

    is this Dick Cheney’s brother?

  22. 22
    Posted by Elliot Rosewater | February 15, 2011 at 11:12 PM

    Who is the King of Spades?

  23. 23
    Posted by Elliot Rosewater | February 15, 2011 at 11:12 PM

    Who is the King of Spades?

  24. 24
    Posted by Wheel of Pain | February 15, 2011 at 11:40 PM

    Your mom?

  25. 25
    Posted by Itsme | February 15, 2011 at 11:55 PM

    Doesn’t sound like a winning hand. Other than that, no concerns.

  26. 26
    Posted by Cody Willard | February 16, 2011 at 12:29 AM

    I like playing cards.

  27. 27
    Posted by Cody Willard | February 16, 2011 at 12:29 AM

    I like playing cards.

  28. 28
    Posted by Sergio G. | February 16, 2011 at 12:53 AM

    Come on – who uses a tee to practice iron shots?

  29. 29
    Posted by Carl Spackler | February 16, 2011 at 1:16 AM

    Cinderella story. Outta nowhere. A former greenskeeper, now, about to become the Masters champion. It looks like a mirac… It’s in the hole! It’s in the hole! It’s in the hole!

  30. 30
    Posted by GGuest | February 16, 2011 at 2:52 PM

    flat swing plane

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