How The Wolf of Wall Street Scam Actually Worked - How Money Works
Вставка
- Опубліковано 31 тра 2024
- Sign up for my newsletter compoundeddaily.com 👈
-----
it’s time to learn How Money Works to lift the hood on Straton Oakmonts questionable operations and find out how it let Mr. Belfort rake in “almost” a million dollars a week in ill gotten gains.
Back before the 2000’s buying stocks was not as simple as going online and typing in a ticker symbol. People would actually call a real living person a stockbroker and give them instructions on what stocks to buy and what stocks to sell.
#WolfOfWallStreet #HowMoneyWorks
___________________________________________________________________________
Support the channel on Patreon here - / howmoneyworks
___________________________________________________________________________
Music by Epidemic Sound
Sign up for my newsletter compoundeddaily.com 👈
I’m
Belfort: "damn, this is very illegal. Better leave out the crime when I write the book"
Scorsese: "damn, this is boring. Better put in some more crime when I make the film"
It’s Scorsese, what do you expect 😂
@@antoinesilva1527 Totally worth it.
Even the funding to make the movie certainly came from criminal 💀
That too, but also what the host meant by “proceeds of crime” is that we have laws against keeping the profits of a crime for which one has been convicted.
Whether that includes publishing media about your crime or selling the rights to your story, that’s a legal grey area. Several states passed “Son of Sam” laws saying any proceeds must go to the victims rather than the perp, but those laws have been struck down by the Supreme Court and several lower courts. They could probably be rewritten though to be more airtight.
[You may recall that OJ Simpson wrote a _totally hypothetical_ narrative of how someone might _hypothetically_ have killed his ex-wife and her friend. That was kind of a special case: OJ had declared bankruptcy, and the book was an income-producing asset.]
Better leave out the possibilities on how you could still do it.
Obama and Trump left a lot of loopholes for the big money
It's also surprising how many people delude themselves into thinking Wolf of Wall Street is how the system works, rather than a morality tale of degeneracy that ended with the protagonist in prison.
Because we can just see the tip of the iceberg, many crimes haven't been, aren't or won't be pursued. The question is, how many institutions are really corrupt?
Edit: spelling
@@danielwanger5919 in my professional opinion, roughly 1 in 8 felonies are punished. Meaning it's possible to get away with a lot, but serial offenders are invariably caught.
@@samsonsoturian6013 Oh well, I am really not an expert in this area... You've got a professional opinion, so my guess is that you work in law enforcement? Don't you think with the "1 in 8" kind of odds, really smart low-key serial offenders will never be known?
Monkey see, monkey do.
When it comes to the movie, the main funder may have seen it as a piece of dramatic irony, seeing as he was a worse scammer than Belfort.
There are 2 types of finance and business students:
Ones whos favorite movie is Wolf of Wall Street, and ones thats The Big Short
Big short is amazing
Both are great, each in their own way! :D
Wolf of Wall Street was entertaining. The Big Short scared the shit out of me. I'm a fairly defensive investor and that movie is one of the reasons.
Big short all the way, the intensity and comedy just blend in
And everyone loves Margin Call on the side
With this explanation of the scam, Matthew Mcconaughey’s explanation at the start about investors being addicted to investing, not wanting to get out, finally feels relevant.
Finally? LOL
With inflation of USD nearing 20% yearly under slow joe, investors want even more addiction, especially when joe says "You will own nothing and like it."
@@vicioustide was inflation not caused by trillions printed under trump?
@@vicioustide joe biden never said that, klaus schwab and the world economic forum started an ad campaign with one poster that had this sentence, and back pedaled when people started getting angry.
schwab really is a dishonest and suspicious individual, though.
dont mix up your conspiracy theories.
@@vicioustide ?
It’s amazing how many people have seen this movie and still fall for those idiotic meme coin and NFT scams. So many people taking advantage of idiots
A fool and his money are easily parted
I'd say if grown ass people are still idiots in this day and age, let them get scammed. Education is free and it's literally in the palm of your hands now
There's a sucker born every minute...
All crypto is the same....
Not all
My dude taking stock footage of someone browsing Coinbase on their phone with Eth being at $231. Man I wish lol
Those were the good ol’ days. 🤑💰
I remember when ETH and LTC were the "budget options" compared to bitcoin. Good ol days
Those were when I started mining. But I was a paper hands back then and sold everything as I made it. Boy do I regret that decision 😅
I buy it for 80 but still more coming
Legitimately was late last year
So basically he pump and dumped shit stocks to people who didn't know better and collected the commissions
The commissions where a part of it. Using the rat-holes - he was also buying low, pumping, then selling high - using the hype from his own trader crew to raise the price.
Pretty much what ricegum did with that one shitcoin but with stocks.
Yep, and like the guy in the vid said, pump and dump schemes are back with a vengeance nowadays, just with meme coins and NFTs. A whole new generation of suckers to exploit for millions and millions of dollars. People never change, whether it's the 1980s or the 2020s, everyone wants to make a quick buck and the evil geniuses of the stock market and such will take advantage of the uneducated investors
and when clients wanted to cash out, his salesmen simply DIDN'T give them their money back. they had to sue and/or file an SEC complaint.
well yeah
i mean... it worked on SENTIMENT TRADING, meaning there was no reason for the trade other than "i reckon this looks good", so basically yeah, they didn't know any better.
therefore, sell it to them.. INFLATE THE PRICE (when it's not really inflated)
Knowing that it ultimately has to come back down to normalize again
7 million dollars a week. Temptation is strong when you’re taking those types of numbers.
7 million dollars a week, 30 years ago as well.
due to inflation it would be around 14mil a week in todays money
mil a day… imagine
Not going to lie, if I could do what he did, I would probably do it, just not for as long as he did so I would be less likely to get caught. Just one week of making 7 mil alone would set me up for life and let me retire in my late 20s...
@Sean1 Money buys happiness
This is just a tinny fraction of how Stratton Oakmont worked. Belfort also had his own employees to invest all their money in Stratt, in order to increase the value of the company, and make him make even more $$ out of his own employees.......in exchange of their investment, this is why they had all those wild crazy parties and drugs for free....it was a way to keep the employees happy and a way to return them something (why to go on vacations if you get a free hotel weekend in a beach house with a pool, free drugs, and free rides in a luxury yatch?)....this is why there is also a lot of effort put in how he was fully devoted to his employees, helping them as much as they could. This in return will grant them their loyalty, and do whatever he ask them to do.
And if you smell to crap, you're out the door. So he's left with a bunch of street punks that buy into the scam from the inside.
What a great boss. Damn. 😏
To be fair a lot of companies do give their employees stock options which is sort of similar
Yep, and keeping them happy also would make them less likely to of course rat him out and his pump and dump schemes. This is really the one smart thing he did as a lot of scam artists abuse everyone since they are so greedy, even their own employees and partners. He at least knew to take care of them. Of course, that did his victims no good, just made it harder for the feds to catch him.
I was unfortunate to start my career at SO. It’s a lot of young guys, who sort of figure out they’re ripping people off once they start making money. I can tell you if Jordan was a big picture visionary, he’d have had a room full of great salesman buying real stocks. They’d have probably ended up a huge household name firm. He took the fast money.
once you realised it was a scam did you quit?
@@pigeon7777 of course he didn't 😂
@@pigeon7777 if it was u would u have quited
@@klimax2923 yes I would
As he moved on, Belfort ended up in Australia involved in a govt. agri. program and FOUND A WAY TO SCAM THAT, TOO. I thought convicted felons weren't allowed in Australia.
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio
Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
Bots at it again lol
@@lilyhawthorne1196 It's always amusing and an immediate giveaway when they conveniently give this type of "financial" advice and get people to look up a random name
Give me your money, trust.
Fr wtf
The Big Short is the best finance/economics movie ever made. We need more movies like The Big Short. I would definitely love to see a video on it. On the other hand, Wolf of Wall Street is too dramatic and doesn't even bother explaining any of the financial concepts shown in it.
the movie was a scam, deluding people into thinking it would explain and describe the scam. But just ends up scamming the audience with a trashy teeny party movie played by an A list actor.
Wait until the Big Short Squeeze comes out.
There’s another contender: Margin Call. The key there though is to read between the lines / dialogue.
It was about cocaine and hookers bro, that’s what people watch
@@sztypettto stop hating you wish you coulda partied like that the movie was fucking fire
So what you're saying is l only need to find big influencers, pay them to market my shitty meme coin, let the meme coin gain 10000x times it's original value, then sell all my coins and become a multi millionaire ? Cheers, will be doing that
lmao people already do this, but it's legal with crypto because the crypto market isn't nearly as regulated as the securities market. That being said, it takes a fair amount of startup capital and luck
@techlead enters the chat
@@ethanhall7217 it's as legal as giving toddlers cocaïne without getting caught
@@lucasatilano8008
Why you should participate in pump-and-dumps and conspire to commit securities fraud (as a cryptonaire).
@@TheBloofyx
Pretty sure in English it's cocaine, not cocaïne, and the two vowels form a diphtong (whereas the ï prohibits that).
Extremely well articulated piece. Concise and to the point. This is what we need in this crazy world full of fatty articles with no real content.
Facts
Not "fatty"... Just big boned
0:18 I’m so glad you pointed this out when I first heard him say “it doesn’t matter” I went absolutely ballistic, that was the most interesting bit
It's too bad you missed the entire point of that particular line, and it's actual genius in how people are.
It's not that what he's explaining doesn't matter, because it does. It's that he understands that people will zone out or not understand what he's saying in the first place, all they want to hear is a) how it will affect them, and b) how they can make money from it.
Wolf of Wall Street was an extremely entertaining film, but if you left with any opinion of Belfort besides him being a criminal, then you missed the point and something's wrong with you. It's too bad he still isn't in jail for everything he did.
Well, he didn't physically hurt anyone, so he's not a "dangerous" person per say. That's why he doesn't need to be locked up. He does have to pay back $100 million to his victims, though. So it's not like he's a completely free man.
@@nasifsiddiquey8867 except he is already back to making tons of money, and has basically paid nothing back.
@@nasifsiddiquey8867 whether he physically hurt anyone isn't relevant. You don't have be physically hurt to be the victim of a crime. He cost thousands of people millions, if not billions, of dollars of their money with his scams. You can say that investing is risky and it is. But deliberately misleading people and causing them to lose money to enrich yourself and others is a crime. I'm glad he served jail time. Unfortunately he did less than two years in a minimum security prison.
@@samuraibiker3793 we all make mistakes, let the man live
@@minidwarfdude9230 what he did wasn't "a mistake". It was a years long, concerted effort to defraud people out of their money.
I‘m new to this whole stock market thing but I thought to myself „wait isn’t this just like a pump and dump“ and then he said exactly that and now I‘m so proud of myself lmao
Try cryoto, thank me later
Content creators pushing crypto, or a stock you should be careful, or never take their advice. They are doing the exact scam , they push a stock for their viewers to buy when they’re selling to scam
No, only once despite the beautiful Margot Robbie.
It basically glorified thr worst of Wallstreet
My favorite finance UA-camr covering my favorite finance movie. It's a good day.
Thanks Tom :)
There was also the Boiler Room that was based on the same type of scheme..but it was explained in more detail, and was an even better movie imo.
I literally just got done watching it great movie I agree it is a better movie
Wolf of wall street is more of a comedy movie, Boiler room is a lot more serious in tone.
Both movies have their own strengths. I like WOWS more just cause I like comedies, but Boiler Room is still fantastic
There's something about the way Scorsese films a movie that is unique and why, IMO WoWS was the better movie.
Hey man, appreciate the video, as someone who always wanted to get into finance but even during college couldn’t understand shit, I found your explanation to be pretty simple and straightforward, cheers
I'm glad someone else was thinking the same thing as me about Jordan not finishing the explanation of the Steven Madden IPO scam in the movie.
Even from a filmmaking perspective, that's a pretty major thing to omit. If you're a viewer who isn't financially savvy and just wanna see Leo DiCaprio and Jonah Hill party it up, you might walk away from the film not even knowing what he did that was so wrong. After all, the company he was IPOing was Steve Madden, a real life footwear company whose commercials I DO remember seeing on TV. I loved the film, but I always found it a little weird that the whole movie centers around Jordan's scam and they never bothered to even explain what the scam is.
Yeah, they mainly focused on his personality and how he spent his money. Basically, the movie is not so much about the actual fraud he committed, but the view on his persona, how it transformed him from somewhat nice fellow who is taking care of his girlfriend, trying to find a good job with steady paycheck, to an obscene asshole who lost all touch with reality and how it slowly burned him in the end. Somewhat similar to Breaking Bad - not so much about building the drug cartel from the scratch, but about character transformation.
Yeah I thought it was a bit of a problem with the movie too. I mean in Goodfellas or The Irishman it's pretty easy to see how they're making money and who they're hurting. In the Wolf of Wall Street it really sort of obscures this and how the scam worked. I think this is why so much vapid "finance bro" media uses Di Caprio playing Belfort as an icon. If this is the your early exposure to finance, to many he just ends up looking like a guy who hustled hard and played hard instead of a horrible scammer whose money came at the expense of many normal people.
It's to glorify it so more idiots will take up that lifestyle
@@cw3le - the movie was a scam, deluding people into thinking it would explain and describe the scam. But just ends up scamming the audience with a trashy teeny party movie played by an A list actor.
Sorry, but he DID MENTIONED Belfort and Assoff own the majority of the shares from Madden. It even showed they had to dump all their shares when they heard Steven was trying to sell his shares.......the movie also showed Brad being his rat, the scene where they are playing golf and he brings a bag with the cash he made selling the stocks they inflated.
You've been so successful on UA-cam! I love it, keep it up man.
I am so glad that I’m not the only person who didn’t like how this line ended, I would have loved to hear him explain further.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the stocks you focus on
Investing in stocks is not like putting your money in a savings account that pays little or nothing annualy. Returns will fluctuate from year to year, some times dramatically. return is only an average of some bang up years and some gut wrenching years.
@@Robertgriffinne I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
@@Natalieneptune469 Building a good financial-portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
@@instinctively_awesome8283 very-true, I started investing 2016 and that same year I pulled a profit of about thousands as profit with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisor, so you don't necessarily need to be a perfect investor, just have a professional assist you.
@@marianparker7502 How can one find a verifiable financial Planner, I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel
He forgot to mention the fact that tv personality’s, the media, and “experts” in the field partake in pump and dump schemes far more often then “discord mods and gamers”
I've never seen a tv personality or the media try to persuade me.to buy any crypto. Time for you to stop watching shit TV and media
@@mattwith2tees not really crypto but stocks in general. They “suggest” stocks they already bought so when their viewers buy the stock it goes up
@@mattwith2tees Nah. Lets take a look at Jim Cramer for example. One of the biggest stock market media "personalities" who suggests to buy and sell stocks regularly. If you would have followed all his "suggestions" you would be down 50% by now. The GME saga as a whole showed off how rigged the whole financial system + the media involved is.
@@aperson7281 I'll reiterate again.. stop watching shit tv.
@@shiftblyat1115 I'll also reiterate to you as well. Stop watching shit tv.
This is by far one of my favourite channels, keep up bro
The most important thing is “whoever talks first, loses.” This literally applies to some many things in life
Meanwhile, I'm over here thinking Boiler Room was a better film.
We can't all have good tastes
Boiler Room is fine and a strong moral movie, but Wolf is superior cinematically.
Thank you for the recommendation!! Loved the movie!!
Totally agree!
Also IMO the acting/directing is better in WoWS@@emanym
RE: The early diagram pushing stocks to ratholes and driving up the price. For those of you not familiar with the ebb and flow of the market, this basically happens legally now minus the rathole portion -- mostly cause they don't need the rats. Banks can list "price target upgrades/downgrades" while holding a security that usually help whatever position they're in. Mainstream media are basically owned by the banks so you'll see a deluge of news on one ticker designed to push retail investors in a certain direction.
IIRC Goldman Sachs is famous for this, downgrading a good stock only to buy into it when it drops.
There was an old saying when I first learned about investing that the reason they were called “brokers” is that you will be broke when they’re done with you. Though, there were plenty of reputable companies that gave good long term returns. But you needed money to get their good picks.
In Brazil it is still very common to process a trade with your broker. Traditionally it is charged 0.5% of the volume traded, as define per the exchange itself.
If you liked "The Wolf of Wall Street", you will love "The Billion Dollar Whale", a book about Joe Lo who was the executive producer of Wolf. He makes Belfort look like a penny ante poker cheat in comparison.
I concur, Billion Dollar Whale was such a great book. Easily one of my top 5.
loved the subtle wolf of wallstreet insiders through out the video
This channels just what I've been looking for, thanks!
Simply one of the best content creators on finance!
Isn't it crazy that all money and financial market exist entirely in the human mind
I ll never see the world the way I did again
@@DorothyYukon-vk4jlI'm not the same person
@@brandon_henry_222 things will never be the same again between us
This is called a boiler room operation, not just a pump and dump
and wasn't their office in New Joisey across the river, and never on "Wall STreet" in New York??
This is a great channel man, subscribed
This is an amazing Video you explained it soo good I cant believe you dont have 1mil already
Productivity never comes by accident, It is always a result of commitment and consistency.
I'm grateful to God for my advisor Mr Zach Micah Demers, with his help I am financially stable-
How can I start investing in the crypto markets I have been reading about Zach Micah Demers before now. I am a total beginner on this
When you work with experts like Zach Micah Demers in any field you will surely make improvements and you will undoubtedly make a profit.
Hi, please could you share more insight for someone who is a beginner? Also I could use some referral, how do I reach the expert that assists you?
Thank you for sharing such valued information, I have just found his profile online and I am now working with him
Working with Zach Micah Demers as my investment advisor has been a huge relief. He is well known with years of experience, so I let him to use that knowledge to diversify my investments.
So finally, after all those years, I can write the first comment haha
Congratulations.
It's a good feeling I remember my first time lol 🤣🤣
Haha congrats man
Glückwunsch :)
Does the power feel goid
Dude talk about perfect timing, I just watched it like 2 days ago!
A movie all Wolf of Wallstreet viewers would really enjoy is Czech Made Man. Story of a 90s coked up wild entrepreneur making a lot of money in an exsoviet state.
Thanks I’ll give it a watch
thanks for the movie recommendation
N.B: a lot of the film clips are unsubtitled. Bit of a pain trying to watch.
Otherwise, keep up the good work, and just to let you know the effort that goes into captioning these videos is appreciated!
I'm just guessing but normally subtitles take a bit longer to get uploaded because they don't do it themselves. If you watch them a few days later they should be up. At least that's how it works for other channels.
Not an ideal solution, but switching to automatically generated subtitles will include the clips as well.
Ask for your money back...
What's the price did they make in 4 hour
@@guilhermeodai Nope, not for me 2:37 no subtitles.
Jordon was a fricking scammer and people love him
Given what I've seen of Mr Belfort's recent activity I'm not sure if I even would use the past tense.
@@klobiforpresident2254 you can’t deny his selling skills
Abso-fucking-lutely not.
This just had me wondering, is a scam like this really a thing people are proud about and highly regard?
Media personality worship feeds this, but what if it was your legitimate life savings or for paying your spouses medical bills?? The collateral damage is never covered, either. Your kids college fund, GONE, so Melfort and his boys can buy Porsche's, use drugs, hire "employees" thinly disguised as hookers.
The movie does constantly emphasize that Belfort is inevitably going to get knocked off his pedestal, which he does, by his dishonest practices. If you care about actually keeping your money you wouldn’t get involved in anything like this
In pretty much any industry, the most money you can make is by taking money from stupid people. The moral area here goes from shining white all the way to the darkest black and 99% of them are in the gray area inbetween. Everyone has basically 2 different lines they draw somewhere in that gray area. The line they aren't willing to cross to make money, and the line they aren't willing to admit they crossed to make money. Every succesfull Sales-person lives between those lines.
Lemme put it to you this way : think of cells and what the nature of a cell is and us being cellular life forms implies about us.
A cells nature is to maximize its gains while minimizing energy loss.
Think of the people our society generally holds in contempt: black people, the poor, trailer trash , Romanians, brown immigrants.
People who have the reputation of being without resources.
Lemme make this as simple as I can : we are attracted to people with resources. We will defend people with resources. We will idolize people with resources. We will say they are good people and ignore the shitty things they do. We will call the ACTUAL Good people whom call them out losers or jealous. even harsss them or ruin their reputation, and those who have financial interest in backing the shitty things of those with resources leverage THEIR resources against naysayers.
Which is why : unless there is DAMN good incentive to call them out, typically keep silent about the wrongs they do.
But it’s not enough to HAVE resources. You also have to LOOK like you have resources.
It’s not the scam they liked. It’s just that they were willing to look PAST the scam with the pornographic image of wealth, sex, and fraternity that wolf of Wall Street reveled in.
People hate scammers. Even scammers hate scammers. Which is why Gary Vee calls himself an “entrepreneur”, which is why Tyler Lopez calls himself a “guru” which is why Trump calls himself an “entrepreneur” which is why everyone who sold NFTs was spreading the idea that NFTs would change the world without exploring use cases beyond having a place holding in a digital queue that had a picture attached to it.
Make sense?
@@WilliamAndrews0 one of the most underrated comments on this platform. What words dude!
Your tips help me become a better trader. Thank you very much for your time and effort!
It’s not “Roths-child”. It’s “Roth-schild”. The second part not pronounced like the English word for a kid but like the German word for a shield.
Poper nouns... pronounce them however you want
Everyone says it the first way lmao
I read some time ago that both pronounciations are correct in English.
@@sknight874 If by „Everyone“ you’re referring to „every North American“ then yes, you’re right. Doesn’t make the pronunciation right though.
Ratshield
Imagine how stupidly rich Jordan would be in this crypto era lol
Recently, last year I believe, he actually lost 300,000$ on Nfts.
Just another drop in his 100 million dollar debt.
@@s.i.m.poster6823 lol I even forgot NFTs were a thing
When I first watched the movie when I was younger and he wasn’t exposing IPOs he was right I didn’t really know what was happening. However after I learned about the stock market and rewatched the movie I was hella mad he didn’t keep explaining 😂
I'm yet to start learning about stocks so I found it extremely funny when he just cut to the chase and realized that the viewer had no clue of what he was saying 😂
9:40 "I dont have time to go into that in this video as this video is already about to hit 10 minutes so actually I want to squeeze more money out of this and send you to another video" respect the grind
I went to a crappy casino once and won $300 in two minutes. The feeling was incredible, and I don't really even like black jack. Can't imagine making $3000 or $30,000 in a day. I see the addiction to money in trading. Wonder if it gets old....
It does. Ask anyone who's had money for any length of time and they'll tell you it does make some problems go away, but does not make you happy and never satisfies.
Just discovered this channel, very informative with a light sense of humour :)
Still happens with Twitter and penny stocks besides meme crypto coins
And guess what Jordan Belfort is promoting these days... crypto (:
That bit where he stops explaining stock market stuff got me. "No! I was actually processing what you said, and the stock lingo made sense!!! NOOOOO!!!!" (Exaggerated for comedic effect).
McConnaghey couldn’t have been better in that role. His scenes never fail to make me laugh.
People saw a Scorsese movie with Leo as the lead and expected a nuanced break down of the economics of pump and dump stock schemes. Man it’s a comedy movie about organized crime. And a pretty good one at that.
I’ve never seen this film. I just enjoy your content so I usually click on your videos in my feed.
Our issue stems from the prevalent belief held by the majority that "having a good job is all it takes to become wealthy." Many people are unaware that these billionaires are using a different set of rules when conducting business.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich.
The best approach for novices is to trade under the supervision of an expert, trust me you will be debt free.
Wish I knew about crypto trading earlier.stock is good but crypto is better. Brace up and get yourself a bitcoin before it's too late.
Crypto is the future, investing in it will be the wisest thing to do especially with the current rise.
Fear is one of the factors that hinder most people to invest into crypto, most people say ignorance.
Why do you leave the movie swears uncensored but then censor yourself?
I’m high af why th did you notice that 😂
I’m high af and I think it’s because he respects his public persona.
@@MotionBankzzzbro I'm smoking a J and wondering the same thing yoooo🤣🤣🤣
Thanks that was very educational.
great channel dawg
pump and dump is still a thing in thailand's stock market. back in 2021 theres always small business stocks that price up 2-3 times daily for no reason.
Thank you😊 for this video, do you offer account management or have any recommendations?
If you are using really a good broker or account manager is easier to earn from the market
@@craigbrown7886 That's true. a lot of people today have been
having a ton of disappointments in forex and
crypto trading in light of helpless direction and awful specialists
@@millerwoods1343 Any specific guide?
@@joykeating3635 check out Mrs Victoria Wilson of UCLA Anderson.
she's great and her methods are working for me at the moment
Very professional
Ever since I lost my job with the ministry, I have been surviving through my investment with Miss Victoria, I'm so glad I invested when I did.
Might be the first patreon I subscribe to 💀💀
Hilariously good video 👍🏼 10/10
I watch many financial channels but have never seen the wolf of wallstreet
“The stupid f*ing meme coins” made me sub
Thankyou so much for making this video
Notification! Nice to see a new video from you👍 Liked
Interesting enough this was the exact reason I never trusted the stocks to begin with. However more recently it is more difficult for pump/dump schemes cause there are too many retail investors-many of whom will lose a lot by day trading or swing trading. Majority of the trades are handle by bots based on AI technology which is difficult to beat.
Markets are rigged anyway you put it. But even then there is no better place to hold your money unless you want the value of your money to decline due to inflation. I work in finance and I have a degree in finance.
@@MrSupernova111 wat should I invited my money in
@@LOCKBlT Aerotyne International. It is a high-tech firm out of the mid-west awaiting imminent patent approval for the next generation of radar detectors with huge military and civilian applications. Right now trades over the counter are 6 cents a share, but our analysts indicate it could go a heck of a lot higher than that!
🤣🤣😭
I have never seen this movie but, I have seen the Big Short a dozen times.
That was literally my reaction to that one scene of wolf of wall street in the beginning of the video😂
Good video! Thanks!
Boiler room was a great one that went into the specific ways they made the financial fraud work. And it has vin diesel haha
Yea it was a lot better then wolf of Wall Street just finished watching it again and every time I can never take my eyes off the movie
And when legitimate clients asked for their money to be cash out/returned, these vacuum cleaner salesmen simply ignored their request. And therefore ignored ALL SEC and investment licensed rules of any kind. If I just kept your money, I'd be well off, too.
Best channel ever 👍 keep it up ☺️
The city you showed here 9:40 is not Geneva like in the movie, it is Zürich. However it’s actually where credit Suisse and UBS and all the other banks are
Robinhood took a few notes from Mr. Belfort during the GameStop fiasco.
You think robinhood is doing a pump and dump scheme? lol did you even watch the video?
@@Baconator1368 No, but a lot of the Redditors who were artificially inflating GameStop's stock price under the guise of sticking it to short sellers were likely doing a pump and dump scheme
@@brianbiekman8805 agreed
What he did was brilliant actually. Which is admirable. He just took it in the wrong direction. He became a snake when he could've helped a lot of people and still been in good business til this day.
1:53 stock broker num.... Wait did that person dial 911 😂😂😂
omg i said the sam thing when watching it in the cinema. great vid
It really pissed me off in that film where the Belfort character says something like "Ah you're not interested in any of this - here's more drugs and hookers".
I don't mind the *character* being a patronizing asshole, but when he's breaking the 4th wall and speaking directly to the audience, then it feels like the *film* is patronizing me.
The bottom line is there is only so much money in the world and when someone is making a ton someone is losing a ton. It's like the gold rush, the people that made the most money were the ones selling hookers and shovels, not the ones who found gold.
4:35 Nicely done!
I knew this would be the line you meant, bugged me too when i first watched it😅
I love no bs straight to point talk
One doesn't need to do all that scheme (on the other video) just to protect I'll gotten gains. It is useful against politicians and law makers to freeze your money in order to gain leverage against you or to make you conform to some new trumped up political law or requirement.
Great video
Thanks trying this tomorrow
As it is with all wealthy con artists... Some of this money ends up in the pockets of Police, Mayors, Governors, Senators, Congressmen and Presidents.
The financial system is the only system where shit rolls uphill.
Yeah !! With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate . Just my thoughts
Traders should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $486k in the last six month. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversify my portfolio
William G Berkman
Great video. What's the music at the end?
You see the same churning in Life insurance. The agent can make commission on changing your policy from one type to another and this usually has a cost or detriment to the policy holder. You wouldn’t realize what happened until years later when your policy lost all its equity and by then you don’t remember what they told you to convince you to make the change and blame it on bad luck.
If this guy would make a video about “ The Resource Based Economy “ by Jacque Fresco , it would be a big help for the world to start planting that kind of train of thought. Who knows this channel could be the one that truly helps the planet if that happens.
a checkmark bot stole your comment
@@firelordkushroll But they didn't. So... maybe they didn't want to test it out
I fucking learn so much with every video this channel makes. Thank you!
9:32 So glad to hear that, especially since I plan to run a scheme similar to Jordan's ;)