Ever wonder how Wall Street works? I mean, really? We see how Wall Street is portrayed in dramatic movies, like Wolf of Wall Street and The Big Short, and of course the iconic movie Wall Street with Michael Douglas. Personally, I’m obsessed with the show time show Billions. So, how accurate are these portrayals really? Today we go behind the scenes thanks to our guest and her groundbreaking reporting.
Sheelah Kolhatkar is a staff writer for The New Yorker, and has published her first book called Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street. We’re not talking about Bernie Madoff. This book details the story of a billionaire trader Steven A. Cohen, and the rise and fall of his hedge fund SAC Capital. It is the largest inside our trading investigation in history. This is the kicker, Cohen was never charged.
We will dive into all of this with Sheelah, as well as her background as a former hedge fund analyst herself. How did that experience bring her to her role today as an investigative business reporter? As I mentioned, she is currently a staff writer for The New Yorker, where she covers Wall Street and Silicon Valley, the economy and national politics. She also writes the magazine’s financial page and is a regular contributor to NPR’s marketplace.