As you undoubtedly know by now, during the course of his preparation for Wall Street 2: Money Never Sleeps, Shia LaBeouf became a master trader. He worked with the guys at Encino Charles Schwab office, Citi and John Thomas Financial, he turned $20,000 into almost half a mill, he’s thisclose to becoming a Chartered Financial Analyst and he knows exactly what it takes to get hired at Goldman Sachs. He’s spoken of his pedigree many, many times, under the guise of promoting the movie all the while communicating to Wall Street that there’s a new Josh Birnbaum in town and so far, things have been coming together quite nicely. He has offers coming out the ass, he senses that Lloyd is just waiting for the right moment to can Viniar and offer him the gig and re: Shia LaBeouf Capital Management, all I’m going to say is that it’s been communicated from Stamford that the seed money is there for the taking. And up until this point, the plan has gone off without a hitch, because his co-star, Josh Brolin, has kept his trap shut. You see, kids, because he achieved none of the theatrical success young Shia did at an early age, brolin had to start day trading in order to pay the bills. He achieved a tiny modicum of success but nothing like LaB. Did he trade on his cell phone? No! Did he have Bloomberg on speed-dial? No! And yet this prick is now going around telling people how fucking great he is at making it rain. Read more »
“You just had the flash-crash on Thursday. Here we are at Cannes. It’s almost like Rupert Murdoch made it happen,” said co-star Shia LaBeouf, referring to the chairman of News Corp., which owns 20th Century Fox, the studio releasing the film. “You’re down 1,000 points on Thursday, you’re up 300 points on Monday,” LaBeouf, who plays Gekko’s new protege, said in an interview. “You literally, just as I’m speaking to you, just went through the most tumultuous 30 minutes to ever hit the market in the history of Wall Street, and here we are promoting a movie. It’s wild that our movie’s taking place in this landscape. This is a firefight in the middle of the craziest money storm that has ever happened.”
At least that’s what he claimed to Vulture on the eve of Money Never Sleeps premiering at Cannes.
What are you doing to relax before your movie premieres tomorrow?
[Laughs.] I’m trying to get tickets for people. “Friends.” It’s insane here. You know what a ticket’s going for here on this film, on the black market? 8,000 Euros! That’s about $10,000, I think … which is approximate, but still, amazing for a movie ticket.
It’d be kind of ironic if this film in particular sparked a dangerously volatile futures market.
It’s a scalping thing. I heard we were the highest ticket at the festival. I had 25 “friends” call on the last day [before the film screened] to get in. That’s a dilemma you can’t get out of.
Stone also told the interviewer that though he had the chance to get Lloyd Blankfein’s notes on the flick, he declined to screen it for the li’l fella, assuming he wouldn’t like it, due to the criticism of “the banking class.” Which I think it unfair! Would LB have opened the doors of 85 Broad and allocated multiple partner managing directors to give Shia an insider look at what life is like at GS (and what it takes to get hired at the place) if he wasn’t looking forward to this thing?! Read more »
In 2003, an unnamed 47-year old “financial services pro” bought a 6,250 square foot apartment in the Flatiron district. Recently he’s been thinking about putting it on the market, having decided that the fact that an actor (who once shared a sandwich with a couplea Goldman Sachs employees) spent a couple days there will really up the resale value of the place. Read more »
The Hollywood actor – who made the motto famous as trader Gordon Gekko in 1987 film Wall Street – says he chased the big bucks for years. The movie veteran said: “I played. Years ago, through the tech booms, I definitely did it.” Then it all came tumbling down. The actor, 65, said: “I lost 35 to 40 per cent of my net worth on the 2008 crash.” Despite prices starting to recover, he was shocked into ending his profiteering – and pulled most of his cash from stocks. He revealed: “At the end of last year, I took a whole bunch out.”
Yesterday we mentioned that thespian, Level III CFA candidate and noted stock picker Shia LaBeouf had been talking up InterOil, an oil and natural gas exploration company. “IOC’s momentum is major, and it will surprise to the upside,” LaBeouf said in a text message to the GQ article’s author, Adam Sachs, who wrote about ShiLa’s new hobby (making it rain all from the comfort of his boxers) for the magazine’s April issue. But where did the master trader get the idea? Sure he meets with Goldman Sachs execs on the reg and is thisclose to becoming a CFA but is he really that good? I’d like to give him the benefit of the doubt (he’s going to be running one of the most powerful hedge funds in the world one day so trying to stay on his good side and all that) but others are thinking the budding BSD had some help from his friends at John Thomas Financial (the people who brought you the pride rally and breasts as napkins). Read more »
Though hard at work studying for the Level III, the thespian took two to make some recommendations. This first one is free, but moving forward you’ll have to subscribe to LaBeouf’s weekly newsletter if you want to keep these valuable insights in your life.
LaBeouf in the April issue of GQ talked up the stock of an oil and natural gas exploration company that has yet to produce any of either. “IOC’s momentum is major, and it will surprise to the upside,” LaBeouf said in a text message to the GQ article’s author, Adam Sachs, using the trader lingo he apparently picked up while prepping for the film. The 23-year-old star of the “Transformers” franchise was referring to InterOil, a Canadian firm with the New York Stock Exchange ticker symbol IOC that says it’s searching for natural gas and oil in Papua New Guinea.
As I’m sure many of you know, it’s not atypical for someone with a long and storied career on the Street to look back and reflect. They’ve earned the right and its likely that if any of the young whippersnappers cared to listen, they might learn something themselves. Shia LaBeouf is no different. As someone who spent months trading his online brokerage account, bonded with the Charles Schwab guys (Encino branch) and taken several meetings with employees of Goldman Sachs, all in preparation for his (fake) career, he’s figured out a thing or two. And now he wants to share it with you. Read more »
Money Never Sleeps, which the lot of you had probably already cleared your schedules to see April 23, has had its premier postponed to September 24. It’s gonna be another 6 long, lonely months before we see those loafers on the big screen. On the bright side, rather than work the press circuit, ShiLa will be able to devote his time to the old online brokerage account, and to working on the LaBeouf Capital prospectus. [Variety via BI]
Oliver Stone has said it before and he’ll say it again: nobody was supposed to see Wall Street and think “Hey! I wanna do that, too.” And yet, for the last twenty odd years, you people and the people you work with have never failed to approach Stone or Michael Douglas when they’re out to dinner to tell them you went to work on the Street after being inspired by the 1987 flick, ruining their evenings. Idiots! You were supposed to see movie and say Gekko, bad. Prosecution of “values underpinning American capitalism,” good. See? Simple little equation. And yet. And yet. That all kind of went over your heads, didn’t it? If it makes you feel any better, you’re not alone. A much loved and sorely missed hedge fund manager didn’t get it either.
He didn’t do it all himself of course. Big ups to the ShiLa Capital Management team, handpicked by the thespian from their posts at the Encino Charles Schwab office, Citi and John Thomas Financial.
Related: Shia LaBeouf Knows What It Takes To Get Hired At Goldman Sachs