Front page on Yahoo, claims he traded on Wall Street and turned 20k into 650K while preparing for movie. What does OT think?

Oliver Stone's Wall Street: Money Never Sleeps, opens nationwide on Friday. It�s been more than 20 years since the original left an indelible mark on high finance and Hollywood, becoming an instant classic.

The sequel stars Josh Brolin, Shia LaBeouf, Carey Mulligan, Susan Sarandon and Mr. Gordon Gekko himself, Michael Douglas.
LaBeouf knew nothing about finance before agreeing to do the film. But, once he signed on to do the movie, Stone told him he had "better get cracking."

He did his homework! Get a load of this!
"First thing I did was I took $20,000 out. Went down to the Schwab office in Encino [Calif.]. Walked in, said 'Hey, I know nothing. I am making this movie.' [They] set me up with all the Series 7 stuff," says LaBeouf, referencing the SEC exam that individuals working in the securities industry must pass.

LaBeouf tells Tech Ticker he was trading every day and everywhere, even on his cell phone.
"Went to George Soros' house for dinners. Hung out with Donald Trump and talked about real estate," he says. "I'd hang out with Jim Chanos. Nouriel Roubini was like my closest friend through all of this."

If you think that is impressive, LaBeouf has substantially grown his $20,000 original investment.
"I started at 20, I am at $650 today," he says.
No, not $650. He means $650,000!

Unlike LaBeouf, Brolin had a reputation as a savvy trader.
Before his acting career took off, a need for money spurred him to learn about the markets. "I took profit from a ranch I had sold and I started trading personally," says Brolin, who has called his addiction to trading "an evil little friend."

Oliver Stone -- a New York native -- became familiar with Wall Street at a very early age. His father was a stockbroker.
"Wall street has a purpose. My father used to say it is the engine of capitalism," Stone says.
After directing the Academy Award-winning "Platoon" in 1986, Stone was looking to stay closer to home for his next project. "In making �Wall Street,' I really wanted to see the war at home, so to speak, the war in the financial jungle of New York," he says.
Stone shot the sequel on location on Wall Street using real trading floors, real traders and the real media these investors watch minute by minute, day by day.

The series 7 test is the equivalent to a drivers test. anyone with a brain and some fundamental math skills can pass.

I believe this.

Not shocked at all, why is it so difficult to believe?

20k to 650k

doubtful

I always laugh at how OT thinks it's so easy to make boatloads of money. bunch a billionaires in here I guess

kid was hanging out with great investors, he mustve learned something. doubt he had any huge breakthrough moves all by himself but i believe the story

he passed his series: sure

he made that return: advertising campaign for the movie

I didn't say it's easy. Just easier.

Pretty sure I could turn 20k into 650k too if I was hanging out with Soros and other amazing investors.

 

Originally Posted by orgnalsooners

id say its true, wouldnt be very smart of him to lie and he has millions upon millions anyway.

I'm not saying he is lying. I think that the article is phrased in a way to make an untrue implication. Ex: I am working on playing a poker player in a movie. I start hanging w/pros, getting advice and whatnot. I start a Full Tilt account w/$100. Later, I deposit more, get transferred funds, whatever. maybe a guy invites me to flip for like 2k or something, so I put 2k on, then win the flip. Anyway, you ask me how I did and I say, "Well, I started with $100 and now I am at 5k."

 

Originally Posted by SpankyHamm

Demi Moore made $150,000 in one night working at some podunk Florida strip club prepping for her role in Striptease.

Jaden Smith kicked Chuck Norris' ass while training for Karate Kid.

Johnny Depp sailed solo around the world in 17 days prepping for Pirates of the Caribbean.

Anthony Hopkins killed and ate 7 homeless people before he was in Silence of the Lambs (although this was totally unrelated to his role in the movie).

hahahahaha WP

maybe he threw all his money on Minecraft

If he was smart about it I could see it working. Buy penny stocks that feature iPhone apps or websites and then just tweet about it and thousands-millions(#of followers?) could buy app/visit website.

this story is awful .. he would have had some SICKKKKKKKKKKKKKKKKKKKK options action moving, and a beginner trader isnt going to hop into options to start.

o by the way the blair witch project is real

I am very surprised that people are doubting this so much. The article makes it out as if he talked/ate/met with some big wigs in trading, in today's market its all about day trading which means its all about insider info, I wouldn't be surprised at all if he got some "tips" that most of us would give our left nut for.

 

Originally Posted by ttplaya

but where are you gonna put the AKs?

Idk, guess i'll have to find a huge cavernous space.

Hmmm, wonder if LL is still mad at me.