After James Altucher lost millions in the stock market, he decided to learn everything he could about trading and the Wall Street industry. He became a professional trader and then left the business for good after he realized it was 'all a big scam'. James shares some of his personal stories as a fund manager, what he does for investing today, and much more on today's episode.

Key Takeaways:

[4:35] James shares a bit of his life story.

[6:35] Wall Street is a scam and only three types of people really make money on Wall Street.

[9:45] James invests in micro caps in the stock market.

[12:23] Why do people still bother investing in Wall Street? James shares some of his personal stories.

[16:20] Jason read an article about how the average hedge fund investor doesn't make any money.

[22:58] Why don't more Wall Street crooks and criminals go to jail?

[30:30] James does intensive due diligence before he invests in a company.

[35:40] James shares his thoughts about the economy and the future.

Mentioned In This Episode:

http://www.jamesaltucher.com

@JAltucher