What Nick Kokonas has said about Arbitrage
3 quotes · 1 episode · Oct 26, 2026
Nick Kokonas, American former options trader, co-founder of the restaurant Alinea and founder of the reservation software company Tock, has been quoted on Arbitrage 3 times in 1 episode of My First Million, most recently on October 26, 2026. Each quote below is verbatim and links to the moment it was said.
In their words
Kokonas argues that every arbitrage comes down to timescale.
“I am now convinced that every arb is just about time scale”
My First Million: How to find your arbitrage (from the guy who’s done it 3x) ft. Nick Kokonas (Oct 26, 2026) · Listen from 25:00
Kokonas says he deliberately shut down the initial arbitrage to avoid provoking the big investment banks, preferring modest gains over years.
“We're much better off picking their pocket a little bit for years than we are just destroying them on day one”
My First Million: How to find your arbitrage (from the guy who’s done it 3x) ft. Nick Kokonas (Oct 26, 2026) · Listen from 30:54
Kokonas says his trading firm made over $100 million in one year from the New York–Chicago arbitrage.
“Well, I think that year we made over $100 million”
My First Million: How to find your arbitrage (from the guy who’s done it 3x) ft. Nick Kokonas (Oct 26, 2026) · Listen from 30:09
Episodes
How to find your arbitrage (from the guy who’s done it 3x) ft. Nick KokonasMy First Million · Oct 26, 2026 · 2 h 7 min
Shaan Puri talks with Nick Kokonas about finding arbitrages across trading, the restaurant Alinea, Tock, Napa winemaking and an immersive magic venue.
Nick Kokonas on other topics
- Strange House · 2 quotes
- Alinea (restaurant) · 2 quotes
- Dynamic pricing · 2 quotes
- Napa Valley wine industry · 1 quote
- Mergers and acquisitions due diligence · 1 quote
- Flash Boys · 1 quote
- Restaurant industry economics · 1 quote
- Tock · 1 quote