Marc Cohodes Net Worth, Source of Income and Bio
Marc Cohodes Biography
Marc Cohodes, born in June 1960, is a renowned investor and hedge fund manager, with a career spanning over two decades. He has successfully made investments in many companies, achieving impressive returns for his investors. He is widely known for his ability to identify trends and opportunities early, and his skill at making successful investments.
PROFILE SUMMARY
- Full name: Marc Cohodes
- Date of birth: June 1960
- Age: 63 Years Old
- Gender: Male
- Place of birth:
- Nationality: American
- Profession: Entrepreneur • Investor
- Net worth: $200 million
Early Life
Cohodes grew up in Chicago. He was never really good at school. He often did his own thing as a kid. He was a runner on the Midwest Options Exchange when it was all manual. He always has been into the market—from 14-15-16 years old in high school. It’s all he ever wanted to do. He turned 1k into 20k while in High School. He turned 20k to 60k in College. A tenth-grade economics class got him interested in the financial markets. His favorite course was policy formation, which looked at business case histories. He invested his own and family/friends money in Data Access Systems, a company that turned out to be fraudulent—this is what got him into the short world.
Education
Cohodes attended Babson College from 1978 to 1982, where he earned a Bachelor’s Degree in Finance. His time at Babson College was instrumental in shaping his future career in finance and investing.
Career
Cohodes’ journey to the top ranks of short selling began in Chicago. In 1982, he landed a position with Northern Trust, where he met an analyst named Paul Landini who taught him about short selling. During his career at Copper River Management, he was described as ‘the highest-profile short-seller on Wall Street’. Many of his shorts have attained legendary status. These include: Lernout & Hauspie, one of the largest securities fraud cases in European history and NovaStar Financial, for which Marc is now the subject of a Harvard Business Review case study. He thinks you have to be deranged to do short selling. The worst feeling in the world is to lose other people’s money. He primarily sticks to shorting stocks.
Personal Life
Cohodes lives on a farm outside of San Francisco, California. He makes home-made rum punch. He’d love to run the SEC for a while just to clean up lots of frauds that are out there.
Net Worth and Source of Income
Marc Cohodes is an American entrepreneur and investor with a net worth estimated to be around $200 million. His primary source of income includes his investments in the stock market, his involvement in the Canadian housing market, and his ventures in pastured chickens and homemade apricot jam. He has also been involved in other ventures, including pinball machines and ping pong tables.
