Jordan Belfort

And guess what?

They're not taking your money.

They have hedge funds that are closed.

They trade for themselves in the largest institutions.

Those people like that, right?

Okay, so, and, you know, historically, he's an amazing, brilliant guy.

But those are, what happens with the hedge fund and the mutual fund industry, but especially hedge funds, is that they're all like the Ray Dalios or Warren Buffett or, you know, some, you know, Tepper.

Yeah.

right?

Yeah.

Unbelievable, brilliant people that can beat the market.

And then you have like this 5,000 and 6,000 people that are the also rise that bathed in the afterglow of these people.

And when you look at their returns, after you subtract their fees and performance bonuses, they don't beat the index.

Not, they're underperforming the index and the mutual fund industry is even worse.

So it's so simple to build yourself a massive retirement nest egg by investing the way I explained here, which is, you know, low cost index fund, some money in a certain type of bond fund, some cash and saving some for speculation.

A little bit, though, because you want to have fun speculating.

Because speculating is fun.

And if you don't set aside a defined amount of money, you probably will speculate with too much money.

So better to say, I'm going to speculate with 5% or 10% of my capital.

But the 90% is going to be in investments that I know, and unless the world blows up, then who gives a fuck anyway.