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Goldman COO Gary Cohn learned options from McMillan book

A Bloomberg article published today on Gary Cohn mentions that the Goldman Sachs president and COO used Lawrence G. McMillan's Options as a Strategic Investment to initally learn about options.  Apparently, he also mentioned Larry's book in a recent commencement speech at American University.  Below is the excerpt from this morning's Bloomberg article.

Cohn, who declined to comment for this story, grew up in the Cleveland suburb of Shaker Heights, the son of an electrician who became a real estate developer, and received a bachelor’s degree from American University’s Kogod School of Business in 1982. He bluffed his way into his first Wall Street job as a trader on Comex, a New York commodities exchange, he said in a 2009 commencement address at the school.

On a day off from a job selling window frames and aluminum siding at the home-products division of United States Steel Corp., Cohn spent a few hours at Comex. He cadged a ride to the airport with a trader, according to the speech. In the taxi, the man said he needed someone to help trade options.

“No problem, I’m your guy,” Cohn said.

He was invited to an interview the following Monday and spent the weekend preparing by reading Lawrence G. McMillan’s “Options as a Strategic Investment” four times, according to Cohn’s account. He got the job. 

Source: Goldman Succession May Be Hurdle for Cohn

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