Steve Cohen has invested in golf courses because he predicts the dawn of the four-day work week will leave people with more time for leisure.
“My belief is that a four-day work week is coming,” Cohen, the founder of Point72 Asset Management and owner of the New York Mets, said in his first-ever interview on CNBC. “That fits into a theme of more leisure for people.”the advent of artificial intelligenceCohen is part of a consortium that recently agreed to invest up to $US3 billion in an entity controlled by the PGA Tour.
Cohen said he’d keep his own traders and portfolio managers working five days a week. “Taking off Friday when you have a portfolio — that would be a problem,” he said.In the wide-ranging interview, Cohen, who has historically avoided press interviews, spoke about the future of the Mets, his plans for a casino and entertainment centre next to the team’s Citi Field and his outlook on investments.
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