Topics Covered:
Andrew's early career at Goldman Sachs and how basketball gambling on the trading floor taught him market-making skills
The trading operations and technology at Bernard L. Madoff Investment Securities in the early 1990s
Working dynamics with Bernie Madoff's sons, Mark and Andy, and office politics
How Andrew was invited to invest in Madoff's "exclusive" fund
Andrew's decision to leave Wall Street at the height of his success
The devastating moment Andrew learned about Madoff's arrest and the Ponzi scheme
The additional ordeal of facing clawback lawsuits after losing his investment
Transitioning to academia and finding a more fulfilling career path
Lessons for investors and finance students about risk, technology, and communication
Timestamps:
00:00:00 - Intro and background on Andrew Cohen
00:05:16 - First job at Bernie Madoff's firm
00:08:00 - Learning experience at Goldman Sachs
00:16:00 - Working with Mark and Andy Madoff
00:22:00 - Office culture and Secret Santa with Bernie
00:24:00 - How Andrew was invited to invest in Madoff's fund
00:30:00 - Decision to leave Wall Street at his peak
00:37:20 - Learning about Madoff's arrest
00:42:14 - Legal battles and clawback lawsuits
00:46:23 - Career transition after the scandal
00:49:26 - Teaching finance in the age of technology
00:54:35 - Lessons for investors
00:57:05 - Andrew's optimistic view on AI and technology
00:58:52 - Closing thoughts
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