Katya G. Cohen Quotes & Sayings

The rules are strict but simple: Poker asks, nay, commands all its adherents to cut the bullshit and embrace reality. It will toy with the deluded - those who have everything figured out - with the playful cruelty of a cat toying with a mouse. Bring all of your convictions and credentials, your anger and insecurities to the poker table and the Poker Gods will tease you and mock you and fill you with false hopes and send you to the ATM a few times before releasing you, broke and steaming, at 5am. — Katya G. Cohen

Why is it that we claim to want certainty? Only fools and cowards seek certainty. Certainty is a dead end; it's a rich old widow living out the rest of her days on the Upper East Side with a little dog and big memories. Unless you are a senior citizen, you'll go nuts after a few weeks of knowing what the rest of your life will bring. You'll die of boredom. But uncertainty is what keeps us alive. It is that flip of a coin, that brief moment when it's in the air or spinning on its side, that snaps us out of our daily stasis. Some invisible Odds Gods are giving you a chance to become better, smarter, richer. What fun it is to get paid if you earned it by the skin of your teeth, by the close call. And how dreadful it is to shoot fish in a barrel. Exposure to uncertainty earns you membership in a select tribe: You are a Padawan mastering the Force. Once the trade is on, once the die has been cast, you're in a parallel, auspicious universe. — Katya G. Cohen

Coming between a trader and his book is like coming between a blue-haired old lady and her lucky slot machine: You will be denying them their pursuit of happiness. — Katya G. Cohen

For a trader - hell, for any American - being empty of promise is an abomination. — Katya G. Cohen

Wall Street does not release its disciples cost-free. First it makes sure they're mental and emotional cripples, and then lets them decide if they still want to leave. — Katya G. Cohen

The biggest secret that traders don't want the world to know is that anyone with a more or less sane disposition can do what they're doing. The trick is getting access to the trough, to the P&L, to the "book." The road toward it is tough, treacherous and crowded. On the way there, you will be misled into believing that in order to be a trader you must have a physics PhD, or know how to write code and build models, or have a top-school MBA, or, when all else fails, just be a young Caucasian male. But in the end, it doesn't matter who made it to the top. In the end, it all comes down to merely placing a bet. — Katya G. Cohen

A good salesman knows you better than you know yourself. If you are Chinese, they will sell you yield. If you're European, they will stroke your sense of superiority. If you're an ambitious manager of an American pension fund, sitting on piles of money but bound by rules and regulations, they will find a kosher way for you to become the big swinging dick you always knew you were. And if you are an American hedge fund - a serious fund, not two guys and a Bloomberg - a smart salesman cuts the bullshit and both of you reach an understanding. — Katya G. Cohen

You are either on Wall Street or you're a bum and there's nothing in between. — Katya G. Cohen