Cohn was twenty-two and working as a salesman for U.S. Steel in Cleveland. On one particular day, he found himself in Long Island and decided to venture down to Wall Street. While he was there, he decided he wanted a job.
The only problem? Cohn didn’t know anything about finance.
Since he had no connections on Wall Street and little experience that would qualify him for a job, he couldn’t pursue the ordinary route of handing in a resume. So, he went after a different angle. He stood outside of the commodities exchange until he overheard a well-dressed man catching a taxi to LaGuardia. Without missing a beat, Cohn asked if they could share a cab ride.
This gave Cohn an hour in the car with a higher up in one of the top brokerage firms on Wall Street.
Throughout their conversation, Cohn discovered the firm was entering the options business. However, the higher up…
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