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Summary of Sheelah Kolhatkar's Black Edge (eBook)

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Get the Summary Sheelah Kolhatkar's Black Edge in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: It's common knowledge these days that Wall Street has a lot to answer for. After the events of the 2007-2008 financial crisis, one would hope that governments would crack down on the excesses at the heart of global finance.

Sadly, that simply has not been the case, and the injustice of this state of affairs is perfectly personified by Steve Cohen, a Wall Street investor who made billions of dollars by attaining a "black edge" over fellow investors.

Cohen procured illegal, or "black," insider information about companies' performances in order to gain an advantage over fellow investors. To the outside world, he was miraculously lucky, always betting on the right companies at the right time. In reality, as the investigative journalist Sheelah Kolhatkar discovered, he was almost certainly utilizing an unfair advantage to surpass his rival

Get the Summary Sheelah Kolhatkar's Black Edge in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: It's common knowledge these days that Wall Street has a lot to answer for. After the events of the 2007-2008 financial crisis, one would hope that governments would crack down on the excesses at the heart of global finance.

Sadly, that simply has not been the case, and the injustice of this state of affairs is perfectly personified by Steve Cohen, a Wall Street investor who made billions of dollars by attaining a "black edge" over fellow investors.

Cohen procured illegal, or "black," insider information about companies' performances in order to gain an advantage over fellow investors. To the outside world, he was miraculously lucky, always betting on the right companies at the right time. In reality, as the investigative journalist Sheelah Kolhatkar discovered, he was almost certainly utilizing an unfair advantage to surpass his rival


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