No particular reason. It's basically impossible to predict which ones will blow up like Bitcoin and Ethereum.
Replace all instances of "stocks" with "cryptocurrencies."
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Mark Hanna
Think about Teresa. Name of the game, move the money from your clients pocket into your pocket.
Jordan Belfort
Right. But if you can make the clients money at the same time, it’s advantageous to everyone, correct?
Mark Hanna
No. Number one rule of Wall Street. Nobody, I don’t care if you’re Warren Buffet or if you’re Jimmy Buffet, nobody knows if a stock is gonna go up, down, sideways or in fucking circles, least of all stock brokers, right?
Jordan Belfort
Mm-hmm.
Mark Hanna
It’s all a fugazi. Do you know what fugazi is?
Jordan Belfort
Fugazi, it’s a fake…
Mark Hanna
Yeah, fugazi, fogazi. It’s a wazi, it’s a woozi. It’s…fairy dust. It doesn’t exist, it’s never landed, it is no matter, it’s not on the elemental charge. It’s not fucking real.
Jordan Belfort
Right.
Mark Hanna
Alright?
Jordan Belfort
Right.
Mark Hanna
Stay with me.
Jordan Belfort
Mm-hmm.
Mark Hanna
We don’t create shit, we don’t build anything.
Jordan Belfort
No.
Mark Hanna
So if you got a client who bought stock at eight, and it now sits at sixteen, and he’s all fucking happy, he wants to cash in and liquidate and take his fucking money and run home. You don’t let him do that.
Jordan Belfort
Okay.
Mark Hanna
Cause that would make it real.
Jordan Belfort
Right.
Mark Hanna
No, what do you do? You get another brilliant idea, a special idea. Another “situation”, another stock to reinvest his earnings and then some. And he will, every single time.
Jordan Belfort
Mm-hmm.
Mark Hanna
Cause they’re fucking addicted. And then you just keep doing this, again, and again, and again. Meanwhile, he thinks he’s getting shit rich, which he is, on paper. But you and me, the brokers?
Jordan Belfort
Right.
Mark Hanna
We’re taking home cold hard cash via commission, motherfucker.
