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Jordan Belfort

๐Ÿ‘ค Speaker
1872 total appearances

Appearances Over Time

Podcast Appearances

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

But as long as the world keeps trucking along, the S&P has been compounding at 10%, 10.5%, including dividends, over the last 90 years.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

And it's not always up.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

It goes down.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

Last year was a great year.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

So I look at the genius.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

It was up 25% last year, but that's a relative luck that it was, it could have been down 25%.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

It doesn't matter.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

But on average, it always trends upward over the long-term.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

So, and then you engage in what's called long-term compounding.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

And there's certain things you want to do.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

And I go through it step-by-step in the book.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

It's so simple.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

And you don't need Wall Street.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

Like Wall Street is there as like this fee machine complex to like basically rob you blind.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

But Wall Street does create value.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

So you need Wall Street.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

Wall Street's necessary.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

But you don't have to play in their corrupt casino.

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

You can extract all the value they create by buying into these certain types of funds that have no expenses, no fees, right?

Habits and Hustle
Episode 512: The Best of Habits&Hustle: Jordan Belfort (Wolf Of Wall Street)

So you get all the value they create and none of the bullshit.