NYP: At the time you painted the rally as a revolution, but what are the dangers for amateur investors? What are the rules of this game now? That’s the concern that the bigger firms probably have now with this sort of stuff. There’s an emotional attachment and the nervousness is that there’s an unfamiliarity. But with this particular paradigm, it’s a bit different because these people are really not selling.
The wolf of wall street reddit discussion driver#
When your Uber driver is telling you he’s investing in GameStop and your haircutter, you think OK, it’s been out there for too long and it’s almost over. Now, this is sort of like momentum investing, but there are rules to that, too, and the rules to that are when the stock flies up, that it has to come back down because people are going to start to bail. This is diametrically opposed to value investing. At any given time, stocks can be much higher or lower and, like a Warren Buffet would use that as an opportunity. One of the most basic rules of all is that fundamentals do eventually matter. It’s because there’s a certain set of rules, like how stocks act. Some of them were probably panicking at the time that they were on the wrong side of it. JB: Panic is not the right word as much as, like scratching their heads maybe. NYP: Why are hedge funds in a panic right now? It’s an oddity in the sense that there’s this really strong emotional attachment to the stock and they’re really ultra long-term players, and for many of them, it’s not even about making money as much as making a point. But when I started to dig more into it, they’re not dumping. The comparisons are interesting between what happened at Stratton because in some respects when I first saw the whole thing going on, I thought, oh, it’s like a pump and dump, right? I mean, it seemed pretty obvious to me like when it first started. And just to be clear, I never invested in GameStop because I figured if I put a video like that out, I was investing, people might say I’m trying to do something. Jordan Belfort: So that, that video was a joke. How would you compare the Reddit crowd to the traders at your old firm, Stratton Oakmont? New York Post: You tweeted out that video that was very similar to “The Wolf of Wall Street” speech, and seemed to be urging the WallStreetBets guys to hold onto their investments. He also posted a video to YouTube in which he reenacted a scene from Martin Scorsese’s Oscar-nominated “Wolf of Wall Street,” which was based on his 2007 memoir of the same name.īelfort recently sat down with The Post to chat about the meme stocks, how the Reddit rally took hold and what investors should do now. Jordan Belfort, the infamous stockbroker who inspired the hit 2013 film “The Wolf of Wall Street,” is hosting a new documentary for the Discovery+ streaming service about the wild rise and fall of GameStop’s stock.ĭiscovery took notice when Belfort weighed in as the GameStop saga unfolded, telling news outlets that the “little guy” can “play the same game” as the Wall Street overlords. Shoe mogul Steve Madden reveals perils of prison and his past with real-life ‘Wolf of Wall Street’ Real-life ‘Wolf of Wall Street’ weighs in on GameStop saga Real ‘Wolf of Wall Street’ goes viral with job advice: Just quit!
The wolf of wall street reddit discussion series#
The Hollywood Reporter will continue to feature a photographic and print version of the series in its weekly magazine, in its weekly iPad edition at THR.com/iPad and online at biggest thing out of Miami Art Week is a 10-year-old child prodigy Oprah Winfrey, George Clooney, Emma Thompson, Julia Roberts, Matthew McConaughey, Steve McQueen, Alfonso Cuaron and Forest Whitaker are among the A-list stars slated to appear. 22 on PBS SoCaL and will continue with new episodes during the holiday season through Dec. Broadcasts of the five-part series kick off Dec. The Wolf of Wall Street episode’s airing follows THR and PBS SoCaL’s partnership in producing “ The Hollywood Reporter Roundtables” series, which features Hollywood’s leading Academy Award contenders in intimate discussions. PBS SoCaL reaches more than 18 million viewers in Southern California on its HD channel (KOCE), including viewers in Los Angeles, Orange, Riverside, San Bernardino, Santa Barbara and Ventura counties. 6, and on digital widescreen channel PBS SoCal Plus at 7 p.m. The discussion will air on PBS SoCal’s HD channel at 6 p.m. STORY: PBS To Air Hollywood Reporter Roundtables As Event Series The video interview also can be viewed on The Hollywood Reporter‘s website and in its most recent iPad edition.
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