Native Floridian
Bronze Member
- Joined
- Mar 12, 2012
- Messages
- 1,211
- Reaction score
- 486
- Golden Thread
- 0
- Location
- Ft Myers, Florida
- Detector(s) used
- Excal, Sov GT
- Primary Interest:
- Beach & Shallow Water Hunting
- #1
Thread Owner
AS a long time financial adviser i can't tell you how much pain this guy caused not only clients, but advisers as well. Jordan Belfort was a stain on the reputations of tens of thousands of honest hard working advisers who were just as disgusted by his immoral behavior as the general public.
Companies like Stratton Oakmont were created for one purpose, to enrich their owners by ripping off the unsuspecting general public.
One factor though is a lesson for all investors - they could not have done this without the investor's help. Unbridled greed drove Stratton Oakmont. But that same greed, greed on the part of the customers, is what cost those customers. Investors wanting to strike it rich. yes, they were swindled. But only because of their greed. Stratton Oakmont couldn't have done it without them!
Companies like Stratton Oakmont were created for one purpose, to enrich their owners by ripping off the unsuspecting general public.
One factor though is a lesson for all investors - they could not have done this without the investor's help. Unbridled greed drove Stratton Oakmont. But that same greed, greed on the part of the customers, is what cost those customers. Investors wanting to strike it rich. yes, they were swindled. But only because of their greed. Stratton Oakmont couldn't have done it without them!