00:00:09
there's only one bottom line on Wall
Street and that bottom line is how much
00:00:14
money you make whatever your background
was it's can you make money can you
00:00:22
contribute it profitable I like being a
foxhole all day long with your enemies
00:00:28
I've seen many people who pulls the
blows over transaction greed is ugly
00:00:35
make as much money as you can so that
you can get out of there before it turns
00:00:39
you to the dark side.
00:00:47
you want me to buy it on a straight plus
Victor is your boss they will navigate
00:00:58
it's a public offer it's not me okay so
stop pulling my chain if you aren't
00:01:04
around who would I make one I need you
hey do you think it's easy to bake
00:01:09
worthiness but there is no weapon for
you huh what do you need 90 bid tent
00:01:13
down told me thank you okay nice fella
you're very funny guy I try my best
00:01:19
I think Wall Street gets a bad name I
think people think that it's a bunch of
00:01:26
stuffed shirts with master's degrees in
finance and MBAs from Wharton and
00:01:31
Harvard and forget about it I mean there
are real people down here with real
00:01:35
emotions in real passion war trade is
basically edited they usually have some
00:01:43
kind of headpiece on like I do the ear
pieces just to communicate with my booth
00:01:47
but I don't know what what I'm doing or
what I should be though that's the mind
00:01:50
behind the puppet that's the one that's
pulling my strings basically those are
00:01:53
mostly option booths right there all the
way at the top of the middle that's an
00:01:56
equity firm and then south balcony that
one is an equity and option firm it does
00:02:00
bolt when they call me where my orders
they tell me what I'm getting comes
00:02:05
through my handheld electronic device
that I have and run around executing
00:02:09
orders sometimes I have to leave them
with the specialist to watch it for me
00:02:12
because I have so many that I have to go
let me see a can I check it again please
00:02:17
FDA is there
much doubt about I got another two
00:02:22
thousand by an all 1551 apex thank you
sir about the party on most people don't
00:02:35
understand what I do most people don't
understand what the hedge fund is I mean
00:02:39
when I lived down in Florida I said I
run a hedge fund they thought I was in
00:02:42
landscaping
you know that's not even a joke traders
00:02:45
we're trying to figure out the future I
mean this is the last undiscovered
00:02:50
mystery on earth
traders are no better than a hundred
00:02:53
years ago you know I mean we're still
guessing where the market is going to be
00:02:56
yeah we have technical analysis we have
all these tools to try and figure out
00:02:59
what's going on but we don't know it's
the great race to try and figure out the
00:03:03
unknown that's what it's about
today my mom is coming over in a little
00:03:07
bit to say hello and clean and replenish
my water supplies she's kind of my
00:03:15
personal slave man Anthony come on speak
to me how are you good I come here once
00:03:26
every two or three weeks to clean his
room in to do his bathroom and it gives
00:03:32
me a chance to see him he's still my
baby and helping my only child
00:03:37
there yeah so I just come in i just feel
needed I do my mom II think see I make
00:03:42
Timmy's bed in it at home my husband
makes our bed and I have my own cleaning
00:03:48
lady but um some heart another I became
Timmy's cleaning lady she cleans the
00:03:54
apartment she brings me food water does
my laundry my other roommate cooks for
00:04:00
me my mom's not that good of a cook well
today it took me two and a half hours to
00:04:05
get here some of my friends laugh at me
they can't believe that I go through
00:04:09
this but I enjoy him you know I didn't
really care what my friends think and I
00:04:15
feel good that he has a clean bed in a
clean bathroom I don't have to worry
00:04:19
about him
for few weeks because mother's always
00:04:22
worried about their son oh goody
all right that explains well that's
00:04:30
interesting I didn't have any clue that
so look what we do is analyze companies
00:04:35
that sounds pretty bad do those guys
where public valuation is inefficient
00:04:41
you can go in there and find an
opportunity to sell something that's
00:04:45
overvalued or buy something that's
undervalued or ru is one it was the
00:04:49
evaluation of any company it is best
when it reflects the truth if all you
00:04:54
have is the company implying that things
are great and things are growing
00:04:58
if stock is going to have a much higher
valuation without like a company they
00:05:02
said that they got the short sellers
they're a reality check sometimes to
00:05:06
almost an exclusively bullish
presentation by whether it be the
00:05:10
companies themselves or the fee hungry
Wall Street analysts that promote them
00:05:15
so it's good to have some balance to
that one of the companies we are
00:05:19
following is a very expensive designer
Jean manufacturer $250 jeans why anybody
00:05:25
buys guys I don't know but they do if
people do buy me so this company we
00:05:30
think has an inventory problem but
they're not acknowledging it to anybody
00:05:34
these jeans a couple years ago were the
hot jeans and so they gave specific
00:05:39
stores exclusive right to sell the jeans
in a certain area so we're going to go
00:05:44
up to the Bronx we're going to go to a
kind of a retail alley and the reason
00:05:48
for that is one of the ways to check
whether their overstock is to look and
00:05:55
see if some of the B and C stores are
showing up with product
00:06:03
the other person that we want out there
you know the difference between a good
00:06:07
product and a bad product and you're
going to bring them in and get them
00:06:10
right where you want them to be that's
your strength and some of the guys that
00:06:14
you've shown in so far have an
incredible potential we want to guide
00:06:18
that young aggressive hungry smart and
that hasn't lived through some of the
00:06:23
market cycles that people over 30 of
lead group why do you think that's
00:06:27
important because they don't have any
prejudices we'd like to talk to anybody
00:06:32
that feels they have a distinct edge in
any kind of a market whatever they base
00:06:37
it on whether they base it on migratory
routes of elephants that a legendary
00:06:44
trader who's attracted legendary
investors developed a program on it say
00:06:52
that again what did he do he developed
the trading program based on migratory
00:06:57
routes of elephants and Africa what does
that have to do with anything
00:07:02
there believe it or not there's a
pattern behind how they do what they do
00:07:07
and where they go and he found stocks
that tend to follow that pattern that's
00:07:13
either side that the elephant goes too
far to the right and it needs to come
00:07:16
back to the left he'll buy or sell a
stock based on their back absolutely
00:07:21
it's true it's incredible our kidding
what it is is markets trend if you could
00:07:27
identify that trend and stay with that
trend until that trend changes you can
00:07:32
make an awful lot of money
00:07:48
Timoteo right what the hell are these
handcuffs doing here and show up I'm
00:07:54
losing money I won them at Dave &
Buster's
00:07:57
go away huh leave me alone
down five grand okay with the RS ard on
00:08:12
top at ners with the midwest there's all
different language that's spoken on a
00:08:16
trading floor and everyone knows the
language hey ami what there's no lie to
00:08:22
me fuck small a 91 what do you need to
do 2500 Cheers I'm a buyer 90,000 and
00:08:27
grand I know it then maybe wine is thick
offered at one there are correct ways to
00:08:32
bid for a stock this correct ways to
offer or sell a stock and if you don't
00:08:36
do it the right way
persons not going to know what you're
00:08:38
talking about cats out at 90 all right
I'll buy stock away at 90 good and I'll
00:08:43
say 91 for 7000 sold do I take three
thousand ninety is 80s huh
00:08:49
daddy what's thought to be Ted I smell
up so it was old xxx time you said it
00:08:56
my guy still funny yeah you could drop
him thank you
00:09:04
the gecko the blue shirt with a white
collar as popularized by Michael
00:09:09
Douglas's character Gordon Gecko in the
movie Wall Street they go in and out of
00:09:13
style but everybody's got one in the
back of their closet as in hey man
00:09:17
you're going to wear your gecko we want
you to be out there get in sync with the
00:09:22
investment community of you are you want
to get that rid that you're nailing that
00:09:27
rhythm and you're going to bring us some
of the biggest investors and some of the
00:09:31
biggest managers on the planet because
they're attracted to you naturally and
00:09:35
after the initial attraction you have
the follow-through so it just gets done
00:09:40
everybody's going to listen to you so
it's your platform and you can do
00:09:43
anything that you want to do and and the
good thing about you is you don't take
00:09:47
advantage of it you don't know it it's a
good thing I mean that's a great thing
00:09:51
that's a gift forgetting about business
your biggest challenge is going to be to
00:09:57
fend off the wedding proposal
00:10:04
Wall Street is paying a high valuation
or the stock because it believes that
00:10:09
this is a great company that's not just
hit it big in last year's denim craze
00:10:15
but it's going to have a long growth
story if in fact they do out of an
00:10:20
Indian toy problem and they're going to
struggle to meet sales and earnings
00:10:23
expectations in the future so there's
money to be made in covering the short
00:10:28
buy low sell high but just in Reverse or
00:10:47
right there let go end up genes of the
make that we're looking at front and
00:10:52
center right in the window so I'm going
to check another store yeah
00:11:02
they got them these guys are moving
product through channels that they
00:11:07
initially didn't intend to the only
conclusion I can come up with is because
00:11:12
they have excess product and they're
fine to get it out the door so they can
00:11:16
look at its revenue recent earnings this
is supposed to be an exclusive highly
00:11:25
demanded playing dead has cachet they
musta had several hundred genes in that
00:11:34
and that's just what's on display genes
and fashion are fads and so the market
00:11:41
shouldn't pay massive multiples for
today's hit machine company this is just
00:11:47
a little piece of the puzzle that says
this the world is flooded with these
00:11:51
$300 jeans and we just saw you know one
example of that well I work out of my
00:12:00
apartment because I'm a cheap Jew I can
say that I am Jewish people say get in
00:12:04
office and we'll give you money and I
said no give me money then I'll get in
00:12:07
office make it worth my while I mean
this is the tax deduction Jimmy never
00:12:10
ceases to amaze me okay and he's always
been like this I think he received about
00:12:14
twelve or thirteen thousand from his
four mistress I don't remember the exact
00:12:18
amount but I know we turned it into nine
hundred thousand maybe a million I have
00:12:22
complete confidence in him not just
because I'm his mother and I'm not just
00:12:25
saying that cuz I'm his mother
I'm not just saying that cuz I'm his
00:12:28
mother I don't think you'll ever lose
money I believe you know they call ever
00:12:34
lose money well you're gonna lose money
but you're all also I mean everyone
00:12:38
loses money at some point in their life
but you're never going off gaining this
00:12:41
just gives your my mother you hit me
even hear me on camera in black my
00:12:48
childhood all right I was an abusive
mother I'm glad you can finally admit it
00:12:54
you abused child let's laugh about it
can see the scars are buried in my heart
00:13:00
good it's got a great sense of humor
okay yeah he's always made people laugh
00:13:07
but Timmy's highly intelligent I feel
very grateful that at a young age he
00:13:11
found what he wanted to do he has his
identity you know he knows what he is
00:13:15
doing and he loves what he does okay
Timmy I'm leaving all right one stack
00:13:20
one in the middle betrayed okay what a
sweet oblivious her overdue today I'm
00:13:37
going to meet with a hedge fund manager
who was recommended to me by a friend
00:13:41
his name is Kevin tasty and she runs a
hedge fund that focuses primarily on
00:13:46
value investments he has had a great
track record but is still relatively
00:13:50
small and he would like to grow can you
tell me a little bit more about your
00:13:54
background in the summer of o2 is when I
quit the job oh is that about stocks
00:13:59
were cheap enough and start a hedge fund
attic mortgage the apartment there were
00:14:05
a thousand stocks trading at ten P or
less and it was like first time in two
00:14:08
decades that they were that cheap and
then you yourself took on a lot of risk
00:14:12
to become an entrepreneur and start this
venture yes
00:14:15
mm-hmm and how much of your own money do
you have invested in your fund basically
00:14:20
like ninety percent of my liquid network
that's very sort of a convincing
00:14:24
argument for investors
00:14:29
every summer we usually try to hire a
few mostly it's college level interns on
00:14:33
people that have majored in finance are
looking to get a little experience tied
00:14:37
to the resume Daniels the son of one of
our senior trade attorney has to be can
00:14:42
come in and get a flavor of what goes on
here what daddy does for a living and
00:14:45
you know he's been a good asset the hard
worker learned a lot I think in the last
00:14:49
few weeks too so we'll abused them for
the rest of summer I'm learning from a
00:14:54
girl over there my name is Polly she
teaches me all the all the tricks and
00:14:59
trades of how to work to the book I
think I'm the only female in the post
00:15:03
and like everyone's mother she's amazing
so I work out what I do is back here
00:15:09
there are a bunch of files and papers
and cut that they spit out through their
00:15:13
computers and they come after here and
we have two files ripping them off but
00:15:17
they come out like all results in rapid
fire usually in the morning in the late
00:15:20
afternoon right about now they usually
start coming out rapidly mr. Nunn here
00:15:25
shows me how to out of the
these charts here and keep them out of
00:15:32
Baltimore yet IV need to I think it mmm
there's a Carter not as hard as you cook
00:15:40
Howard is my work partner now yeah stop
200 else I mean if there's gold rush
00:15:51
there's not really alive gold
you still make a lot of money selling
00:15:57
shovels tonight we're going to the pole
in the bear on the waldorf-astoria and
00:16:05
we're going to meet up with it with some
of my Wall Street friends and we're
00:16:08
going to talk trading and some talk Wall
Street and talk financing and have a
00:16:13
good time
most of my friends my age they're not an
00:16:16
independent situation like me one trades
options
00:16:19
another one assist and trading
currencies another one works for real
00:16:22
estate hedge funds is just all sorts of
our Wall Street type people is 24 years
00:16:31
old they hire young kids because we
achieve them work harder than everybody
00:16:35
else
it has to I don't have a wife and kids
00:16:37
to go home to at 6 o'clock at night I
guess I can stay in the office and work
00:16:40
if I have to run a few jobs we have to
stay up to date on things or the lecture
00:16:43
out of the game and it's also
competitive that's another thing that's
00:16:46
what I like about it to that point I
like Wall Street because you can be
00:16:50
against the grain and rebellious and
make a lot of money if you do different
00:16:55
things and other people did your
adrenaline gets flowing you know in the
00:16:57
morning and doesn't stop until the
market closes and you look forward to
00:17:00
going to work in the morning I'm like
right exactly I mean you're looking for
00:17:03
you're like you're like today I'm gonna
go to work I'm gonna make fun of money I
00:17:06
found that a bit when I know that maybe
there's a 20 million dollar loan
00:17:09
clothing that I originated and I can't
complain life is good definitely good
00:17:15
you know what the bad days are better
than the good days the good days you're
00:17:18
worried about losing what you just made
the bad days you're like my stock got
00:17:22
cheaper
well you you also because a little bit
00:17:26
of emotion over time you know $50,000 up
there used to take three laps around the
00:17:32
campus naked you know I'd be pumped up
now for $2000 it's a good day but it's
00:17:37
all right great a it's not your years
today not only for $50,000 down it is
00:17:43
bad but it's not a deal breaker fight
$1,000,000 up day or $1,000,000 down day
00:17:47
then talk to me that
00:17:55
these stocks that may have some momentum
to make a judgment call where they seem
00:18:01
to be going to at the end of the day
00:18:05
auditor services broke refers provides
that a machine does not this information
00:18:09
that's why some people prefer to use a
program on they get they get a feel for
00:18:15
the marketplace what's going on
we pointed to this morning we were split
00:18:19
up to over to buy it on our straight
plus six is if they don't have the
00:18:22
people getting wool then I don't know
Rena would be a lot of geniuses in the
00:18:26
book what what would they like me to do
have my there's a transaction that takes
00:18:29
place we don't whip a contract out of
our pocket inside we don't shake hands
00:18:34
even it's done on a verbal agreement
last eighteen I can't buy it on a
00:18:37
straight plus sorry I don't look I don't
look next
00:18:41
this is my job have enough here that
your job is to stand here and find out a
00:18:46
way for us to buy you lunch every day
that's a job in the middle of executing
00:18:51
what all friendly they're all make to
each other I just they just bust each
00:18:55
other's top
00:18:59
ask me what they would like me to do
hose the night nail for them yes
00:19:02
it's a 100 shares I have not ordered my
branded coop I'm showing Stockmann
00:19:07
demands liquidity their work that's my
job you got upset when there was a 1
00:19:13
lakh there now you get upset with this
5,000 shares they're back to me exactly
00:19:16
why I don't care the questions go back
to me and tell me what it is you want me
00:19:21
to do ask the brain trust in the booth
get a real deal around here okay all
00:19:25
right well in the meantime you've done
nothing it's ed of the impasse in the
00:19:29
meantime you've done nothing I have two
brain trusts in the booth what they
00:19:33
wanted to do take me out of 20 I don't
think I did you work on Wall Street it
00:19:39
comes down to what you're all about
I would absolutely recommend it if
00:19:44
you're the right personality tonight
nice job of it three days from now I
00:19:50
have a meeting with the funder funds I
met with them six months ago never heard
00:19:54
anything bad for them thought I did
horribly he called me up the other day
00:19:57
saying we're still following you we love
your strategy we love your fund we're
00:20:01
thinking about giving you two and a half
to 3 million come in on Monday
00:20:05
talk to us let us know how's it going
out of the blue so all my work you know
00:20:12
you don't think it's paying off you
don't think anyone's paying attention
00:20:14
out of the blue someone comes in if you
double besides your fun doesn't it feel
00:20:18
like a lot of times as soon as you're
about to to give up you make money or
00:20:23
where you have a good opportunity by
hooking up with girls when you're not
00:20:25
looking for it it just happen there's a
common statement known as few money
00:20:30
where the except you can say you know I
leave you I can walk in my boss mr. John
00:20:36
is on his desk you know what it doesn't
matter because I have enough money
00:20:39
whoever I want to do where do you guys
I'd find that the problem is is like you
00:20:43
know when it could be a 10 million but
like a and then then you're hanging on
00:20:46
people who have 10 million and then they
have said they have jets and they're
00:20:49
like really I can't afford a jet with 10
million 100 million you know if you're a
00:20:53
loser and you only have 200 million
dollars it's as good as a cool guy with
00:20:57
two million every dollar penny it
doesn't pay a few millions it's kind of
00:21:01
what you spending on 25 million hundred
million I say a hundred million
00:21:05
right well a few money around 20 million
two hundred three months fu money my
00:21:11
opinion say you have 10 million dollars
you invest in 5% Treasuries you're
00:21:16
bringing in five hundred thousand
dollars a year that's enough to send
00:21:21
your kid to college buy braces that you
go on my vacation you buy oh you got a
00:21:24
summer house I think that's your money
because I mean everyone that's great
00:21:28
yeah awesome and you can you can Emprise
oh all right we can revive a jeopardy
00:21:32
but you can live the ultimate middle
class upper middle class lifestyle
00:21:36
everybody dreams a few money is money
that you don't have to read or write
00:21:42
it's not akin to really million dollars
no but you can't wait twenty thousand on
00:21:46
some stripper that you modeler down on
can usually do a lot of stuff for
00:21:49
upper-middle class five hundred thousand
but he will have upper-middle not upper
00:21:53
amen
you had you too sexy taste that's good
00:21:56
have fun with her you're into I agree
that's good you having fun with your
00:22:01
daughters before you 500 tell you what
do you what do we do around here I guess
00:22:07
became that much then whatever Gutierrez
it didn't even water goes in or zone you
00:22:12
can do every watch it you can do
whatever you want now whatever we want
00:22:16
I already will say I quit this I'll be a
teacher at 40 years old I'll have my
00:22:20
boat in Florida and I can say X you
because I have any money we'll have fun
00:22:28
in your middle-class
Florida trailer home I like the Bahamas
00:22:31
better that's why he'll go to any store
water any car dealership I want and do
00:22:35
whatever I want you know buy whatever I
want anytime anytime there today some
00:22:39
single mother comes up to me and she's
waiting this table and I'm just gonna
00:22:42
Donna getting some spicy - 102 dollars
at her candy drawer shop go to college
00:22:47
Oh to be able to say hey here's 20 grand
send your kid to college you know I
00:22:52
think that's what it is
honestly that's how I feel
00:22:55
that's true beautiful certification see
all myself on the top of the bottle
00:23:08
hands-on research pretty powering three
points nobody can boast with you
00:23:30
you
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