Wall Street Insane! EP04: I was so miserable, I just want to get out...

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 14 August 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

During my trading time, it was so miserable, I just wanted to get out! However, something kept me in the game during that time! In this episode, Dan Kelly, my business partner, Omid Malekan, and I realized we had so many insane stories because we have zero pedigree, and we came from a non-traditional background.We also talked about how Victor Niederhoffer, an American hedge fund manager, champion squash player, bestselling author, and statistician sort of putting us on the path, and how we ended things because of my writing!This episode also includes how I was miserable, I wanted to get out, the oil trade that Omid did back in 2008 during the pricing collapse, how we unintentionally got someone else fired, and how we made deal with thestreet.com.Listen to the episode and tweet at me @jaltucher or Jay, the producer, @jay_yow to let us know if you like this episode!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Alright, so another episode of Walls B Insane with Dan and Omid, and just to be
0:16.8	having heard of these other prior episodes. Dan, you and I have worked together since 1999. That's correct. And Omid, you and I worked together from about 2002 to about 2009, 2008, something like that. Yeah. Yeah. We day traded together. We ran a hedge fund. We did venture capital stuff. Dan, particularly you and I did $125 million venture capital firm. We did a fund of hedge funds. We started businesses. And we just had
0:46.6	So many crazy experiences in prior episodes we described our experiences with Bernie
0:52.2	made off, yes, or Arifat, Jim Simons.
0:56.0	It's almost weird saying these names just because who has experiences with Bernie made off,
1:01.3	yes, or Arifat.
1:02.3	Part of the idea of this is that Wall Street, I would say it's like 95% BS and 5% the legit
1:10.6	funding of an economy.
1:12.6	And we experienced that directly.
1:14.5	We were dead center in the middle of it.
1:16.6	And if you remember, and this is I'm kind of jumping ahead, but when you just set all
1:20.4	those names, it made me think there were some banks that we dealt with.
1:24.8	If you recall, when we were doing different deals in the hedge fund and not where we ran
1:30.5	into a number of DC political heavyweights that we were shocked at how you would think
1:39.7	someone who was far right and far left would never be in the same room together.
1:45.2	And we couldn't believe how close knit and buddy buddy and how basically no matter
1:51.5	what happened, both sides won.
1:53.4	You know, if you were a DC insider, I totally forgot that.
1:58.8	We almost should do that this episode.
1:59.8	We will do that next episode.
2:01.4	Yeah, it's, but it just throwing out those names.
2:03.6	It's funny how many people we ran into that was shocking.
	...

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