Recent content by pkpos

Regrettably often we hear a man's accolades only when he is no longer with us. Professor Neftci is unique in that regard; he was acclaimed in life as I am certain he will be in death, and rightfully so, because he possessed the rare gift that makes a teacher great: the ability to distill the...

Mike, my guess is that Steven Cohen collects artwork for his own private benefit, not as an investment for his hedge fund, although it would be difficult to say this with certainty because he and his firm are highly secretive. I suppose if I garnered average annual returns of nearly 40%, I...

It's just a human interest story. Steven Cohen is a billionaire art collector and the founder and manager of SAC Capital Partners, one of the most profitable hedge funds. He had contracted to purchase Picasso's Le Reve from casino mogul Steve Wynn for $139 million--until Wynn accidentally...

Mr. Cohen gives up the damaged Le Reve and keeps his pocket change: http://www.newyorker.com/talk/content/articles/061023ta_talk_paumgarten