Picture 1824.pngAs a few of you have emailed: yes, Trader: The Documentary has been pulled from YouTube. Those who listened to us at the time and checked it out yesterday should not be too broken up about it, since you got a glimpse of a vintage PTJ, though, yes, it is upsetting to not be able to watch it every night before bed. Those who failed to do so– you fucked up, big time. It’s unlikely that this thing will make it back to the ‘Tube any time soon, as Jones bought up all remaining copies in the mid-90s in an effort to keep it under wraps, and was probably instrumental in getting it yanked today. Nevertheless: we will attempt to get our hands on it, not matter the cost. Then: DB Movie Night.
Update: The original uploader speaks:

At first I had no idea how sought after this piece of material was. I had heard anecdotally about Ebay listing in the $1,000′s but I chalked it up to urban legend. Then late Sunday night I was talking with a colleague about an obscure blogger/marketer who had for months talked about posting the Trader doc. I figured it was just a ploy to build a marketing site and thought it was kind of backwards to encourage this shadowy cottage industry/exchange of VHS tapes. Given the historical relevance, the position of both PTJ and Borish in the industry today and the fact that this aired at some point on public television – I thought posting the videos on YouTube would be educational for other traders and finance professionals. I embedded the videos on the Elite Trader message boards only after John’s seeing John’s site was having “technical difficulties” as the WordPress structure was exposed.
By Monday morning Dealbreaker, zerohedge and influential personalities on Twitter picked up the videos. My email Inbox exploded with messages and comment notifications from YouTube all day long. Some of the commentary, observations and quotes were priceless, I felt like I had given new credence to yuppie culture- often reserved for citations of “American Psycho” and Gordon Gekko. Monday was very distracting and hard to get work done, so I turned off the email notifications and put my head to work. This morning I was reading the Financial Times Alphaville section and saw my YouTube video embedded and knew things had really caught fire. I logged into YouTube to discover in less than 24 hours each video had been watched some than 30,000 times.


Clusterstock and the New York Times picked up the story and unfortunately cited the YouTube account name ‘doctationsmarketing’. The trouble was I had uploaded prior videos of CNBC segments and conference interviews for a marketing presentation for a client, an electronic medical records company. After realizing this I knew I had to take down the videos or move them. Before I could even return from lunch I got the below notices from Youtube:
Picture 1828.png
My hope is that Mr. Jones understands I had no knowledge of copyright infringement and believe the video to be fair use given it had aired publicly years ago. The intention was for educational use only. The strategies, lifestyle and mannerisms of Mr. Jones and Mr. Borish portrayed in the film are not only entertaining but inspiring to both retail and institutional investors everywhere. I apologize to PTJ and Borish for any embarrassment I may have unintentionally caused.

Comments (58)

  1. Posted by guest | July 28, 2009 at 2:27 PM

    Wow – they made the video “unavailable”??? That is power, Bess!

  2. Posted by guest | July 28, 2009 at 2:28 PM

    downloaded off Youtube yesterday, holla.

  3. Posted by guest | July 28, 2009 at 2:29 PM

    @2 you should send it to db

  4. Posted by guest | July 28, 2009 at 2:30 PM

    @2 I will end you, punk.
    -ptj

  5. Posted by flaunt | July 28, 2009 at 2:32 PM

    Knew this would happen, I grabbed a copy last night using YouTube Downloader

  6. Posted by guest | July 28, 2009 at 2:32 PM

    That video actually portrayed him in a good light and he came off as distinctly non-douchey. The Dow 1929 comparison was a bit corny and his eyes welled up a bit after a 5mil loss but I didn’t see anything to be embarrassed about. Didn’t see him any big “secrets” in there either. Wonder why he pulled it?

  7. Posted by guest | July 28, 2009 at 2:33 PM

    Didn’t download, but will always have a copy in my spank bank.

  8. Posted by Anal_yst | July 28, 2009 at 2:35 PM

    I can just imagine the concession stand for DB movie night…

  9. Posted by Bess Levin | July 28, 2009 at 2:37 PM

    @6 I don’t get it either.

  10. Posted by guest | July 28, 2009 at 2:39 PM

    @anal_yst– such as?

  11. Posted by Joseph di Jersey City | July 28, 2009 at 2:40 PM

    6: Yea, by the standards of Wall Street he didn’t come off half bad. It even went into his commitment to charity work. Maybe he was sensitive about the drinking Bud and trading in the pre-dawn scene.

  12. Posted by NakedShort | July 28, 2009 at 2:40 PM

    @6 Would anyone of us really want a video of us 22 years prior circulating around the internet when we are worth billions and managing billions?
    I mean maybe he has a huge client who is a big Turkey Rights Activist and doesnt want to piss them off?

  13. Posted by guest | July 28, 2009 at 2:42 PM

    Hate to ask but could someone sum the video up in a sentence or two?

  14. Posted by guest | July 28, 2009 at 2:43 PM

    @13–buy low, sell high

  15. Posted by guest | July 28, 2009 at 2:44 PM

    @naked but why would he care? just because it’s a 22 yo video in which he comes off like the class act he is today? I could understand not being happy with it but going to such lengths to make sure no one sees it?

  16. Posted by highlyconfident | July 28, 2009 at 2:44 PM
  17. Posted by NakedShort | July 28, 2009 at 2:46 PM

    @15 The only reason I could come up with was the whole big client thats a Turkey Rights Activist…other than that I am stumped.

  18. Posted by flaunt | July 28, 2009 at 2:51 PM

    @15 because he is now obsessed with people perceiving him as the perfect Robin Hood

  19. Posted by NAS Keflavik boi | July 28, 2009 at 2:51 PM

    Only a bona fide attention whore or professonal actor really enjoys seeing/hearing themselves on film. He doesn’t come off bad at all, but I know I would hate to have a 20+ year old video of me goofing around at work circulating out there — he may just feel the same.

  20. Posted by guest | July 28, 2009 at 2:53 PM

    @19 how was he goofing around?
    @18 but he doesn’t come off badly, and it mentions (and shows) him doing charity in the vid.

  21. Posted by highlyconfident | July 28, 2009 at 2:54 PM

    Skip my prior @16 they took it down too.

  22. Posted by flaunt | July 28, 2009 at 2:56 PM

    DOWN AGAIN

  23. Posted by guest | July 28, 2009 at 2:56 PM

    you guys are all idiots.
    bess just can the discussion. PTJ seems like a good guy

  24. Posted by guest | July 28, 2009 at 3:03 PM

    http://www.nytimes.com/2007/10/13/business/13speculate.html?_r=1
    The 1987 video offers an intriguing window into the everyday life of big-league traders, and it has the feel of a time capsule. Full of swagger and braggadocio, Mr. Jones can be seen skiing in Gstaad, Switzerland, or riding a horse on his estate overlooking the Chesapeake Bay — when he is not screaming out orders to his traders. He comes across as a young Gordon Gekko. Greed was not only good; it was fun.
    Although the video was shown on public television in November 1987, very few copies exist. Those that do are hoarded by traders who watch the hourlong movie in the hope of gleaning possible trading tips from Mr. Jones. On the Internet, bids for the video start at $295. According to Michael Glyn, the video’s director, Mr. Jones requested in the 1990s that the documentary be removed from circulation.

  25. Posted by guest | July 28, 2009 at 3:04 PM

    “bess just can the discussion. ”
    what does that even mean? take down the post? and what is wrong with us trying to speculate why he wants it down? if you actually read the comments you could see that we’re all saying he’s a good guy that didn’t come off badly at all.

  26. Posted by guest | July 28, 2009 at 3:16 PM

    This bit of very old news (repeat: OLD NEWS) may have something to do with the brouhaha:
    ——————
    http://www.nytimes.com/1989/05/10/business/top-trader-in-futures-subpoenaed.html

  27. Posted by flaunt | July 28, 2009 at 3:16 PM

    23=PTJ

  28. Posted by guest | July 28, 2009 at 3:20 PM

    i will email a copy to anyone who wants one, for ten bucks in my paypal
    if you are serious, leave your email

  29. Posted by NakedShort | July 28, 2009 at 3:23 PM

    kenneth.griffin@citadel.com
    I could use this to “glean possible trading tips from Mr. Jones.” Lord knows I need help.

  30. Posted by guest | July 28, 2009 at 3:25 PM

    Send a copy to SemGroup too.

  31. Posted by guest | July 28, 2009 at 3:29 PM

    @28 Almost fell for the bait. The troll-fu is strong with this one.

  32. Posted by guest | July 28, 2009 at 3:30 PM

    @26 it’s not old news that he pulled the video TODAY, shit for brains.

  33. Posted by guest | July 28, 2009 at 3:30 PM

    It’s not everyday you see someone’s actual email address here… I feel like nakedshort just flashed me his wee-wee.

  34. Posted by guest | July 28, 2009 at 3:38 PM

    @citadelgroup.com
    and watching PTJ with that turkey was probably the best moment of my year, sadly

  35. Posted by guest | July 28, 2009 at 3:39 PM

    not bait @31, serious offer, saved it with vixy.net
    ten bucks and it’s yours. pretty good stuff, better than shelling out for that klarman boook

  36. Posted by guest | July 28, 2009 at 3:43 PM

    Dickhead @32: Your grasp of the obvious is impressive, like your grasp of the mop you use to clean out booths at a peep show. What is wrong with you? The comment pertains to why the video might be pulled, Mr. Smegma. If you saw the Youtube video you saw trading instructions given to potentially distract the market in Part 4, moron. Is there another word for “distracting the market”, pus for brains?
    You are forgiven. Just quit beating off so much.

  37. Posted by guest | July 28, 2009 at 3:52 PM

    If it is a PBS documentary, thus party taxpayer funded, how can it be pulled from circulation?

  38. Posted by guest | July 28, 2009 at 3:53 PM

    upset you tube is blocked at work.

  39. Posted by guest | July 28, 2009 at 3:54 PM

    @38 was that a joke? because YOU COULDN’T WATCH IT ANYWAY.

  40. Posted by guest | July 28, 2009 at 3:59 PM

    @28
    Is the turkey Dennis? Dennis?! I will take one copy. Set it to half an hour ago. Don’t e-mail it. I can be reached through the TV, where I communicate with banks for 5 minutes.
    TGFJM
    returnofthemacke@cardomain.com
    p.s., dismiss the email years ago

  41. Posted by guest | July 28, 2009 at 4:01 PM

    @39-no. despite the fact that i’m taking the time to respond to you, i’m quite busy at work, and i haven’t had a chance to watch it at home (work, bar, bed, work). thanks.

  42. Posted by guest | July 28, 2009 at 4:12 PM

    @41 – ???!!! Thanks for paying attention.
    -not 39

  43. Posted by guest | July 28, 2009 at 4:20 PM

    I don’t know why people are joking. If you want a copy, post your email, ten bucks to a paypal address, it’s yours

  44. Posted by guest | July 28, 2009 at 4:21 PM

    if this video hadn’t been yanked, would anyone watch it?

  45. Posted by NakedShort | July 28, 2009 at 4:25 PM

    @43 OK OK OK Ill buy one
    nailingu69@aol.com
    -Lenny Dykstra

  46. Posted by guest | July 28, 2009 at 4:33 PM

    SHIT SHIT SHIT!
    I only managed to snag copies of parts one to four before Glyn pulled it from YouTube.
    If anybody has copies of parts five, six and seven from YouTube, please contact me at gbooth1995@aol.com.
    Shit. I was really looking forward to watching this this evening. Might be fun.
    Glyn – if you’re out there – make it available as a clean, clear DVD and I’ll buy one.

  47. Posted by Meatbone9 | July 28, 2009 at 4:34 PM

    I still want the Bruce Willis’ magic slippers. And a seagram’s wine cooler.

  48. Posted by guest | July 28, 2009 at 4:37 PM

    zeroh.kool at gmail
    would like a copy thx

  49. Posted by guest | July 28, 2009 at 5:30 PM

    jenniferdipal[at]aol[dot]com
    would like a copy…thanks

  50. Posted by guest | July 28, 2009 at 5:35 PM

    devotio[at]gmail
    Thanks.

  51. Posted by guest | July 28, 2009 at 6:46 PM

    stevve rattner would have made more money distributing this than chooch.

  52. Posted by guest | July 28, 2009 at 6:49 PM

    @51 he would’ve made more money distributing anything that’s not chooch.

  53. Posted by guest | July 28, 2009 at 7:22 PM

    The video has surfaced on a prominent torrent site.

  54. Posted by guest | July 28, 2009 at 8:08 PM

    pls send copy to
    rolltideroll.crimson@gmail.com
    thanks

  55. Posted by guest | July 28, 2009 at 8:34 PM

    I would like a copy. Please email me at john.luenberger (at) gmail.com
    Thanks!
    -john

  56. Posted by guest | July 28, 2009 at 11:43 PM

    nf6187@gmail.com
    I will def take one

  57. Posted by guest | July 29, 2009 at 4:20 PM

    lucille_greenwich@yahoo.com
    would like a copy thanks.

  58. Posted by guest | July 29, 2009 at 6:45 PM

    http://btjunkie.org/torrent/Trader-Documentary/411449f3d65e8869911ae6f3c4cb10fcf640b99bd8ba
    $10? stop that nonsense. good luck ever getting money for this again. content wants to be free

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