Wall Street Pro Reacts to Wall Street Movie

Video Description

Book a call with our team here so we can help you break into finance (investment banking, hedge funds, venture capital, private equity and more): https://cal.com/chrisharoun/meeting-with-chris _____________________________ In this video a former Goldman Sachs employee who worked at the top hedge funds reacts to the movie Wall Street, including the movie's accuracy and lessons that investors must pay attention to. Key topics discussed are how trades, trading floors, hedge funds, private equity and insider trading works, ethics and much more. This video Wall Street Pro Reacts to Wall Street Movie contains closed captions. See my Billions TV show & finance movie reaction videos (which teach finance lessons): → Wall Street Pro Reacts to Billions (Episode 1): https://youtu.be/fw5p0liAEjI → Wall Street Pro Reacts to Billions (Ep 2): https://youtu.be/IS3Z24-BCq4?feature=shared → Hedge Fund Activist Investor: Wall Street Pro Reacts to Billions (Ep 3): https://youtu.be/0SAOS8uNfjQ → Short Selling Explained: Wall Street Pro Reacts to Billions (Ep 4): https://youtu.be/u8CH2CgIcc0 → Insider Trading Arrest at a Hedge Fund: Wall Street Pro Reacts to Billions (Ep 5): https://youtu.be/nevT3UIu6Fk → What Hedge Fund is Billions Based On?: Wall Street Pro Reacts to Billions (Ep 6): https://youtu.be/xdu1ZE-3h6o _________________________________ Clickable Chapters for the video: 00:00 Introduction 00:36 Trading Floor 101: How does it Work? 01:00 Gold Vs. Dollar 101: Why is the Dollar Not Backed by Gold? 01:24 Japanese Market Influence on US Markets Explained 01:44 NYSE & Stock Market Opening Explained 02:09 Analyst Stock Recommended List Explained 02:41 Buy and Sell Side Stock Trade Example 03:00 Option Trade Example 03:14 Role of Salesperson on Trading Floor 03:45 Stock Market Closing & Liquidity 04:10 Stressful Nature of Sales Job 04:30 Buy Side Versus Sell Side Explained 05:01 Short Selling Explained 05:18 Snobbery of Investment Banking Elitism 06:30 Working in NY is Sooooo Expensive 06:53 Insider Information Example 07:28 Life All Comes Down to a Few Short Moments… 07:48 Bud Fox Meets Gordon Gekko 07:55 Common Vs. Preferred Shares Explained 08:13 Hedge Fund Office (Buy Side) Accuracy 08:34 Lunch is for Wimps 08:41 Why Wall Street Movie Caused Crash of 2008 09:12 Gekko Fishing for Insider Information 09:26 Are All Hedge Fund Billionaires Corrupt? 09:57 Gekko Getting Insider Information from Bud Fox 10:20 Gekko Transacting Using Insider Information 10:49 Lunch at the 21 Club 11:05 Stop Losses and Day Trading Does Not Work 11:59 Why Most Mutual Funds Underperform 12:30 Being Unemotional Helps Investors Outperform 12:58 Elon Musk is Successful as He is Unemotional 13:19 Gekko Wins Over Bud Fox with Insider Information Strategy 13:37 Bud Fox Hunting for Insider Information 13:59 Insider Information Trade Using Call Options 14:12 Why Insider Information Transactions Are Usually Not Done with Options 14:39 Using Offshore Accounts for Insider Trading 15:06 Pumping and Dumping (Illegal Market Manipulation) 15:28 Ethical + Best Investors are Long-Term Focused 15:44 Are there Any Successful Day Traders? 16:08 Newspapers Get an Insider Trading Hall Pass 16:39 How I Get Information Faster than Most When Investing 17:23 Private Equity Example (Carl Icahn and Larry the Liquidator) 18:14 Breakup Value Explained 18:48 I’m Gonna Make You Rich Wakeup Call from the Hamptons 19:18 How People Usually Get Insider Information 19:49 How Some Hedge Fund Owners Insulate Themselves from Insider Info 20:50 Federal Reserve Interest Rate Monitoring 21:15 S.E.C. Investigating Insider Info 21:40 Shareholder Meeting Analyzed 22:06 How to Get a Meeting with Any CEO (Networking Gold – Please Do This!) 23:20 Greed is Good Speech Analyzed 24:28 Carl Icahn’s Investment Strategy (Using eBay and PayPal Example) 25:49 1980s Wall Street Was All About Greed 25:57 Bud Fox Pitching Takeover Bid to Gordon Gekko 26:18 Why Airlines Are Tough Investments 26:36 Overfunded Pension Plan Explained 27:37 S.E.C. Investigating Gekko & Fox 29:18 Liquidation of Blue Star 29:25 Gekko Gets $75mn from the Pension Plan 30:00 Gekko Justifying the Liquidation to Fox 30:28 Wall St Depression at Bonus Season 31:09 Dalai Lama Advise for Wall Street and Investors 31:35 Gekko Covering His Tracks (trader Conversation) 32:43 Private Equity Icon & Fox Getting Revenge on Gekko 33:21 Money Makes You Do Things You Don’t Want to Do 33:43 Beating Gekko (My Enemy’s Enemy is My Friend) 34:28 Swearing on Wall Street (Buy Side Versus Sell Side) 35:10 Bud Fox Arrest for Insider Info 35:42 Wearing a Wire to Catch Gekko with Insider Information 36:23 Avoiding (or Reducing) Jail Time by Cooperating 37:29 The Bottom Line (Buy, Hold or Sell Rating)?