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So Money with Farnoosh Torabi

645: Sheelah Kolhatkar, "Black Edge" Author

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 30 October 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

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. To learn more visit www.somoneypodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 645 Sheila Kolekhetkar, staff writer for the New Yorker, and author of Black Edge.

0:07.0

You're listening to So Money, with award-winning Money Guru Farnu Farnoosh Karabi.

0:13.6

Each day get a 30 minute dose of financial inspiration

0:16.8

from the world's top business minds, authors, influencers,

0:20.4

and from Farnuish herself. Looking for ways to save on gas or double your double coupons?

0:26.0

Sorry, you're in the wrong place.

0:29.0

Seeking profound ways to live a richer, happier life.

0:32.0

Welcome to So Money.

0:36.1

Ever wonder how Wall Street really works?

0:38.8

I mean, really.

0:40.6

Welcome to So Money, everyone. I am your host,

0:43.6

Farnoosh Terabi, and we keep it real on this show.

0:46.4

We take you behind the scenes when we can to demystify money and finances, and today is no exception.

0:55.0

You know, we see how Wall Street is portrayed in dramatic movies like Wolf of Wall Street and The Big Short,

1:01.0

and of course, the iconic movie movie Wall Street with Michael Douglas and

1:04.8

personally I'm obsessed addicted to the Showtime show Billions raise your hand if

1:09.8

you're with me I know you, but how accurate are these portrayals, really?

1:16.5

Well today we go behind the scenes a little bit, thanks to our guest and her groundbreaking

1:21.4

reporting.

1:22.4

Sheila Kohlhet-Kar is a staff writer for the New Yorker and has published her first book called

1:27.8

Black Edge, Inside Information, Dirty Money, and the quest to bring down the most wanted man on Wall Street.

1:36.2

We're not talking about Bernie Madoff.

...

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