Simple Lessons From Billionaires Warren Buffett, Sam Walton, and Ted Turner (2195 hits)
Enjoy these must-reads to learn how you can become an investing predator like Warren Buffett, Ted Turner, and other billionaire success stories!
Can you remember the adolescent Internet in the year 2000?
It was the heyday of message boards and forums, and your grandparents didn't have email yet. It was also an inflection point for retail investors.
For the first time ever, an average Joe and Jane sitting in their living room could access the same information available to elite Wall Street analysts.
It was a time when the SEC, Wall Street, and everyday investors like you and me were grappling to deal with securities laws ill equipped for the Wild West of the Yahoo! Finance message boards. This was the world 15-year-old Jonathan Lebed entered when he first logged on to day trade stocks.
With the brokerage account his mother opened for him, Lebed would build positions in micro-cap stocks and then hit the message boards hyping the stocks.
Like a young Wolf of Wall Street, Lebed successfully traded his way to nearly $1 million before the SEC stepped in.
The story is wrought with connundrums. Is the trading game rigged for the pros on Wall Street? At what point does a 15-year-old kid writing anonymously on message boards become a master market manipulator?
