Ryan Cohen is the face of an investing revolution that captivated novice merchants, punished Wall Avenue and favored memes over fundamentals. A lot of his different bets belong to a extra conservative playbook.
The 37-year-old billionaire, who made his fortune with on-line pet retailer Chewy Inc., gained fame throughout a interval of market frenzy final 12 months when he used a stake in struggling videogame retailer GameStop Inc. to push out the chief staff and change into chairman. His enigmatic tweets—together with an image of himself with chopsticks up his nostril—helped his funding acquire viral reputation as a so-called meme inventory and motivated his followers to hunt revenge in opposition to skilled merchants who had guess in opposition to the corporate.