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Part 3: Jordan Belfort (Wolf of Wall Street) on Pump & Dump Schemes, GameStop & Penny Stocks
Part 1: Jordan Belfort (Wolf of Wall Street): I Opened My 1st Business at 21, I Went Bankrupt by 23
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In this clip, Jordan Belfort recalls going to Wall Street, after his business went belly up to become a trainee stockbroker. The legendary entrepreneur states that he was completely broke upon the start of his training and that once he finally passed he began his career as a stockbroker on the worse day in the history of Wall Street, "Black Monday." An infamous day that led to him losing employment on Wall Street and taking a job at the Investment Center on Long Island selling penny stocks because he was so desperate for work. The New York native states that within one month of his new job, he broke all of the company's sales records using a technique that he invented. This led to him earning over 100K per month with the company and that led to him getting an offer to start his own firm. Belfort's company would go on to be called Stratten Oakmont. As the conversation unfolds, he shares what he learned from failing with his previous business endeavors and how that helped him with his new brokerage house.
