*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. Her newest book is entitled A Healthy State of Panic. With over 30 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com.
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645: Sheelah Kolhatkar, "Black Edge" Author
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.
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