You remember that Jordan Belfort, the "Wolf of Wall Street" interpreted in the cinema by Leonardo Di Caprio, directed by Martin Scorsese? The unscrupulous trader of the 80s, arrested for fraud and money laundering in 1996 (he spent almost 2 years in prison) and now 58 years old, is back on track. And he does it at the right time, given that in these months of Covid emergency the financial markets seem to be booming and several companies are setting record after record on Wall Street. Sensing the favorable moment, Belfort has therefore decided to throw himself back into the fray, joining the training company for traders RagingBull (Raging Bull: another film by Scorsese): who better than him to train hawks, or rather "wolves" of the future?
The financier born in the Bronx, who in 1989 founded the famous (cinematically and otherwise) brokerage firm Stratton Oakmont, will therefore be professor of trading, and his lessons will be called, for the avoidance of doubt, "Wolf mentality lessons". However, not having the license to carry out the profession of financial advisor, Belfort will not be able to give his students precise indications on the shares to sell or buy. He will have to limit himself to being a finance guru generically, teaching the younger ones, in his words, "how to learn from your mistakes". The trader trainer is an unregulated activity in the US and do-it-yourself trading is a business that is exploding in recent months, also driven by the boom of the Robinhood platform.
“With the coronavirus – explained Belfort himself – the financial markets have seen the advent of many new traders, but many of them do not understand anything. RagingBull is the only company that teaches this activity the right way, that is, as it is practiced on the floor of the New York Stock Exchange”. RagingBull was founded in 2011 and membership costs $2.000 a year, even if some seminars end up costing the beauty of 14.000 dollars each and the company almost forces you to follow them. A good business, which will now also be able to make use of the services of an old fox like Jordan Belfort: one who in the 90s, at the height of his dazzling rise to prince of Wall Street, was arrested for defrauding small investors for over 200 million dollars.
While many of them are still waiting to be compensated, Belfort has launched himself into various businesses to rebuild his life: conferences, marketing, even a brand of vodka with his name on it. And now mental coach of the financiers of the future. And there are still those who believe him….
