Solomon Success » Podcast (general)

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:

http://www.jamesaltucher.com

 

@JAltucher 

Direct download: SS_79.mp3
Category:general -- posted at: 7:11pm EDT

Introduction:

Jason welcomes Robert Greene to the show to talk on the subject of mastery and how to obtain it. Robert Greene is the author of the New York Times bestseller The 48 Laws of Power. He has written many books including The Art of Seduction, The 50th Law, and his latest book, Mastery. Jason and Robert discuss manipulation, seduction, and how the rapper 50 Cent is a true rag to riches story. 

 

Key Takeaways:

[4:45] What is Mastery? It's the ultimate form of power. 

[7:00] Robert lays out four steps in his Mastery book. He explains what those steps are. 

[10:15] There are no shorts to mastery. Discovering your life path takes time. 

[12:45] Robert talks about Leonardo da Vinci and his work ethic. 

[18:45] When you focus yourself outward on people's needs, you lower their defenses, and manipulate them. 

[20:00] What can 50 Cent teach us about power? He's fearless. 

[25:00] There are different forms to seduction. There's social, sexual, and political seduction.

[28:50] It's hard to apply The Art of War in to a business setting. 

 

Mentioned In This Episode:

 

http://powerseductionandwar.com/

Direct download: SS_78.mp3
Category:general -- posted at: 5:53pm EDT

Tom Antion talks to Jason on some of the common seminar scams out there. He talks about the mentality of a sociopath and how they do not have a conscience. The bad apples that run these seminars are more intelligent than the average person and they know the exact tactics, like increasing your credit card limit, to rob you of all your money and get you in debt. 

 

Key Takeaways:

[1:50] We need to use God's power and wisdom to protect ourselves from people trying to deceive us.

[6:10] Under the Anti-Slapp Motion, companies have to prove what the person is saying isn't true, before they can effectively sue them. 

[10:30] One of the seminar scams is people signing up to what they think is an application process, but it's really a contract and then they're being charged for it. 

[15:30] Seminar people test the susceptibility of the crowd and see who they can bring to 'the next level'. 

[23:35] Do your due diligence on the internet and see someone's track record first. 

[29:40] $40 million dollars disappeared from a charity and that's only from just one charity. 

[33:50] Tom talks about this three prong attack approach to internet marketing. 

 

Mentioned In This Episode:

SeminarScammers.com

ScamBrigade.com

 

Antion.com 

Direct download: SS_77.mp3
Category:general -- posted at: 2:17pm EDT

Scott Shellady is the Senior Vice President of Derivatives for the Trean Group. Scott explains to the audience what a derivative is and why it can benefit you in today's market. He also talks to Jason on his SWAGER acronym, the retirement funds of both Baby Boomers and Gen Xers, the one precenters investing in the stock market, and much more on today's episode. 

 

Key Takeaways:

[2:15] When you teach a tenant to be an owner, it will ease your burden of managing them. 

[4:50] What is a derivative? 

[11:05] What is the acronym SWAGER?

[14:15] What's happening in the art market right now? 

[23:20] What should Baby Boomers and Gen Xers do with their money? 

[28:20] We don't want to ignore the inflation problem. People should prepare for inflation. 

 

Mentioned In This Episode:

 

http://www.treangroup.com

Direct download: SS_76.mp3
Category:general -- posted at: 4:18pm EDT

Rep Ploshay is an experienced business man who uses the teachings of God as his guide. He sits down with Luke to talk about how he started to incorporate his faith into his business, tithing to the church, and supporting companies that openly participate in a biblical lifestyle. 

 

Key Takeaways:

2:15 – Rep knew at an early age that he wanted to have his own business. 

6:05 – Rep and his wife attended church one day and felt inspired to work on the nursing home business full time. 

7:50 – There's always going to be good and bad times, but the bad times aren't going to be as bad when you have faith in the Lord. 

12:40 – It took Rep a little while to tithe 10% to the church, but life has been so much better since he did. 

16:45 – Rep believes corporations should remain neutral, but if they're actively and openly supporting a lifestyle that is not biblical, then he will not purchase from that company. 

17:45 – Galatians 2:20 is the verse Rep reads in his time of need and he explains how this verse helps him keep going. 

 

19:25 – Rep talks a little bit about investments. 

Direct download: SS_58.mp3
Category:general -- posted at: 10:39am EDT

Introduction

Jason Hartman welcomes author, John Horvat to today’s Solomon Success Show, where they discuss the state of our economy and the fundamental elements needed to fix it. They also talk about intrinsic human failures and their impact on the economy as well as what the Bible says about immigration issues.

Takeaways

03.10 – The economy can’t just be stimulated, regulated or legislated into order. Instead it requires the basic institutions of family, faith and community.

05.30 – We’re currently in a cruise-ship economy, but when the party stops, people are going to start looking for answers.

07.00 – Arguably, the principal reason for the current economic imbalance is due to our desire to have things immediately, coupled with our inability to see past the short-term gain.

13.00 – The Bible says that immigration can be healthy, but it takes time for a people to learn what the country is all about and in order for them to make decisions.

15.35 – With household debt at $13 trillion and government debt at $17 trillion, consumer debt is a huge problem.

17.20 – A conference in July spurred reports that our economy could now be as volatile as it was in the mortgage crisis of 2008.

19.15 – Head to www.ReturntoOrder.org to find out more, read a free chapter of the book and follow John Horvat’s blog.

20.00 – St Thomas Aquinas’s Summa Theologica and the Bible would be some classic but intrinsic resources for those interested in these issues.

Direct download: SS_48_John_Horvat.mp3
Category:general -- posted at: 9:41am EDT