Meet the Genius HedgeFund Manager Who NEVER Lost Money! (Worked For Steve Cohen & Michael Platt)

Lia Forcina shares how she went from a newspaper job ad to managing $100M+ - revealing what she learned from Steve Cohen, why AI is killing junior roles, and the “3-unit rule” that’s kept her profitable every single year.

Lia Forcina is a partner and portfolio manager at LGR Capital in London. She previously held roles at BlueCrest Capital, SAC Capital (now Point72), and Morgan Stanley. Lia holds a Bachelor’s degree in Finance from the University of Rome Tor Vergata (110/110 cum laude) and a Master’s degree in Statistics and Econometrics from Università Cattolica del Sacro Cuore. 

In this episode, Lia Forcina revealed:
◽️ How a random newspaper ad and a bar conversation launched her into Morgan Stanley
◽️ The ski accident that forced her out of banking - and into a trading desk that changed everything
◽️ What it was really like working under Steve Cohen and Mike Platt - and why their intensity isn’t for everyone
◽️ Her “3-unit rule” for cutting losses - the risk strategy that’s kept her profitable every single year
◽️ Why AI is wiping out junior roles - and how it’s forcing portfolio managers to evolve fast

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⏱ Timestamps
00:00 Intro
00:45 How Lia got her job
05:30 Her work now and before
06:40 Working at SAC and meeting Steve Cohen
09:15 Why learning from older people helps
11:57 When to stop losing money
15:50 What keeps her working hard
18:00 How AI helps her work
20:57 Using AI her way
22:35 How she checks success and risk
25:17 Her secret: cut losses fast
26:41 Advice for new investors
29:11 Why Steve Cohen and Michael Platt are special
31:26 How to tell real ideas from noise
33:28 Why hedge funds beat banks
35:39 Can anyone be a great investor?
37:00 How to learn investing alone
39:41 Her view on tariffs
42:49 Her thoughts on AI changing jobs
45:33 Her worry about no AI rules
47:02 Investing US vs Europe
50:15 Biggest growth areas
52:36 Wrong ideas about her
53:21 Best advice she got
54:41 Question she’s not asked
55:28 Why she has strong opinions
56:45 Her thoughts on cancel culture
58:07 Personal story about honesty
1:01:44 Her message: talk to each other
1:04:34 What she wants next
1:05:53 How she wants to be remembered
1:06:45 Her biggest lesson: handle pain
1:07:16 Outro

📌 Resources
Lia Forcina 
◽️ Linkedin: https://www.linkedin.com/in/lia-forcina-17352459 

Harvey Bracken-Smith:
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◽️ X (Twitter): x.com/harveybsmith_

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Personable is a podcast dedicated to helping listeners become the best they can be by learning from the world’s best in their respective fields. This mission is inspired by my mother, Louise, who encouraged me to become the best version of myself before she passed away from cancer in 2023.