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.”
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.