Wed, 10 June 2015
After James Altucher lost millions in the stock market, he decided to learn everything he could about trading and the Wall Street industry. He became a professional trader and then left the business for good after he realized it was 'all a big scam'. James shares some of his personal stories as a fund manager, what he does for investing today, and much more on today's episode.
Key Takeaways: [4:35] James shares a bit of his life story. [6:35] Wall Street is a scam and only three types of people really make money on Wall Street. [9:45] James invests in micro caps in the stock market. [12:23] Why do people still bother investing in Wall Street? James shares some of his personal stories. [16:20] Jason read an article about how the average hedge fund investor doesn't make any money. [22:58] Why don't more Wall Street crooks and criminals go to jail? [30:30] James does intensive due diligence before he invests in a company. [35:40] James shares his thoughts about the economy and the future.
Mentioned In This Episode:
@JAltucher |