Wall Street Traders Were MANIC. This Was 1980. Have Things Changed?
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- Опубликовано: 27 июн 2017
- Back then Wall Street was a very different place compared to the present day in terms of technology. At that time most of the trading on Wall Street was done manually by human traders and there were very few electronic trading platforms. Of course traders were trading for stockholders who are interested in making as much money as they could. That hasn't changed probably since the dawn of time.
The were phones. They were the primary means of communication on Wall Street. Traders would call one another to place orders, negotiate prices, and discuss market conditions.
Ticker tape was a machine that printed out the latest stock and bond prices as they were reported by the exchanges. This allowed traders to stay up to date on market movements in real-time.
There was Quotron, an early electronic system that provided traders with real-time stock quotes, news, and other financial data. It was one of the first electronic trading systems to be widely adopted on the Street.
There was Telex, a telecommunications network that allowed traders to send and receive messages between financial institutions around the world.
I filmed this video using Betacam SP content. At the time the trading floor seemed a bit nutty . I didn't understand what was going on and it was gobbledygook to me.
Looked at today, it still is very confusing and I suspect that some of my subscribers will see this as essentially unchanged from what it was back then and others will see what computers and digitization etc. have done to radically alter Wall Street stock trading.
Viewers have asked me about my Wall Street experiences. From time to time when I have had extra money, I have invested in the stock market and every time, without exception, at the end of the day, I lost the money. If I had invested in my own filmmaking or in any of my hobbies such as collecting photographs, I would have done so much better. It seems to me, my own personal experience, that the only people that end up profiting by stock and bond trading are the traders and the companies they work for. And it is amazing when I study it how many people are drawn to this video when searching words like investing, personal finance, retirement, credit scores, debt management, wealth management, crypto, taxation, financial planning, and entrepreneurship.
Looking back trading on Wall Street in 1979 relied heavily on manual processes and human interaction. It was not until the 1980s and 1990s that electronic trading platforms began to gain widespread adoption, ultimately leading to the highly automated and computerized trading systems that exist today.
Search the words "Wall Street" on my RUclips channel and you will find more clips from New York's Wall Street and others. To support my efforts to present more videos like this one, please click the Super Thanks button below the video screen.
Thank you
David Hoffman filmmaker 
Кино
Please look at this scene that I filmed on Wall Street - ruclips.net/video/QbbW8SO08XQ/видео.html
David Hoffman Filmmaker
Cool
I did. Very good.
David, I wish you would come and document the lives of Dearborn, MI. We have the largest Muslim community in America, and you would more than welcome.
Lmao!!!!!
The dude with 2 phones was calling both his cocaine dealers
caught me weak😂😂😂😂
Certainly not calling his hairdresser
Playing pizza hardball
Dead 😂
Green Dreamz Garden he was talking to Pablo and Escobar
The guy with two phones accidentally called himself and was trying to convince himself to give himself money.
Underrated comment
😂😂😂
This is perfect
Hahah looks like he made the sale
Lolmaooo
0:44 Wow, actual footage of the legendary dual-wielding phone technique.
the forbidden manoeuvre
Akimbo phone
I finished reading your comment to look up and see it. It’s absolutely beautiful!!!
You know you’re busy when you’re swinging two phones like a miniature elliptical machine.
And the hair cut, what absolutely unit of a man. Hope he’s living large some where
1:04 this dude straight up admits that he doesn't even know what he does, it's like he's a character straight out of American Psycho lol
That movie was like barely fiction.
Knowing how to explain what you do to people who know nothing about it is a different skill
It feels like Ricky gervais in the office.
"Let's see Paul Allen's card now"
@@mechanoid2k The book is even better
You really have the time to feel Bateman’s mask erode away (and there are so many more details of the Wall Street life too, amongst other things)
When I was three this is exactly how I imagine work would be like
This is the best comment!
Instead I’m watching this on RUclips while I’m supposed to be working. The irony!
When i was three i was eating sand
😂
😭literally
"You're fired."
"But I don't even work here."
"How would you like a job, starting right now?"
"Boy would I."
"You're fired."
Mr. Crab??😅
That reminds me of Seinfeld when they were firing Kramer from the company that had him working when they mistook him for an employee:
Boss: I'm sorry but we have to let you go.
Kramer: I don't even actually work here.
Boss: That's what makes this so difficult.
Sir Xi Gutierrez von Wallenstein VI 😂 here’s the clip you’re referring too if anyone’s wondering ruclips.net/video/dQw4w9WgXcQ/видео.html
@@latchkeyed959 Ah dammit you got me 😂
Sound like J Johna Jamerson
Crazy. Now we just whip out our phones and buy and sell whatever want.
Please look at this Wall Street Post - ruclips.net/video/QbbW8SO08XQ/видео.html
David Hoffman Filmmaker
nah. nowadays we just have computers do it. no cocaine needed, no sleep needed, you don't need to pay them. no delays no useless eaters. no theft, and most of all. consistant, human error free trading. the fact alone that this guy thinks you need to 'follow the rate' already implies that he didn't figure out yet that you don't -need- to follow the rate. you just do the same thing. consistently. all the time. instantly. (humans can't do that ;) and eventually -any- order no matter how absurd and out of the line will close anyway. some just take a bit longer than others. so be it. as long as you always grab your fixed percentage, either up or down. 24/7. (see it more like he casino, from the casinos point of view ;) -these- high on coke human guys try to move the line out of the pattern -we- set. fine. they basically give their money to us. :P we just sit there with our orders on both sides of the current rate :P waiting for them to try to move it. lol. humans are soooo stupid :P as for absurd orders ending up at the upper or lower end of the usual spectrum, fine, even if it takes them 2 or 3 years to close and make their 5%-ish profit. still higher return on investment than let's say. buying a cruise line. it doesn't have to be 'optimized'. it just has to be consistent. and some stuff makes it's % in milliseconds and other stuff takes a couple of months to years. also fine. still higher return rate than anything else ay. on the whole and individually per order. what you don't want is humans. with primitive emotions, and drugged to stay awake, having anything to do with your trading.... as for 'phones'... how the fuck are you gonna place a couple of 1000 orders all over the place in a second over a phone. lol. thought trading by phone went out of fashion in grandpa's days. lol. place the orders and just go 'this is the price bitch. take it or leave it and if you don't take it, well then that's still the price a year from now' lol. none of that human fomo or fud crap.
you will ofcourse see a number of your orders ending up allll the way at the end at like 10% of what they should be but those -too- will -eventually- clear -one day-... the vast majority of your capital is simply generating it's profit time and time and time again and more than makes up for the part that is just sitting there at a 'significant' loss. (for now). and it's the roamed off profits over the volume you want. not even the original capital back, per-se. consistant, ingress cashflow. even if stuff ends up delisted. who gives a crap. by that time it's already made it's round at 5% or so profit 'more than 20 times' and as such made 100% (actually more, profit over profit ;) times and as such it's fine to have a 100% loss on the originating capital. main thing. consistency. not 'omg market conditions blah blah or read the news' shit humans do. WE define the price bitch. take it or leave it.
Both of my parents met and worked on Wall Street. My mom said she would get 2 hours of sleep a night, and sometimes went days without rest at all. She said it was such a weird sleazy environment, and after growing up poor in the South it was a huge culture shock. She went to my dads lake house one year, and found out their boss was the neighbor. It was this weird transformation of being on the same level as a man who acted better than everyone else. She retired after 9/11, though, said it was too difficult for her to be in that area after seeing all the death.
I listened to a Podcast series about Nick Leeson, the rogue trader who brought down Barings Investment Bank in the 1990s. It was just terrifying how an initial serious mistake snowballed because he kept thinking he could get himself out of the mess, but he just kept digging a bigger and bigger hole. There was such a culture of bravado and risk taking and the Board of the bank just seemed to either to have no clue, or to be turning a blind eye as the money (on paper) kept coming in. No one was supervising him.
of all the comments under this video, im glad there is at least one worth reading, the rest are stupid ass jokes.
The most intense part of this was the dude talking to his wife and girlfriend over the phone at the same time...
Hahahaha
Lol
🤣
Got it all wrong, he was talking to your mom and aunt.
Who
It wouldn't be 80's office footage without a phone constantly ringing in the background
Well yeah they had to. That was the only way to say something to someone. No emails, no messaging, no computers back then no nothing
@@dreamthedream8929 computers did exist though and they played a large role in the 1987 crash
@@ibrahimkante6022 but people had well developed social skills. That's the most important part. When something was up in those days you simply pick up the phone and talk to the other person to come to a solution. Now people text and email and need self help books on this very subject. How has the world changed for worse in such a short time. People need self help now on how to even begin a conversation with someone as everything is considered awkward these days!
Dream TheDream89 ok boomer
@@dreamthedream8929 Yeah but I think you overlooked the humor in his comment. I could be wrong
1980's traders : "honestly I don't know what I'm doing, I just put money here and there based on vague gossip and hope I don't go bankrupt"
2020's trader : "me? Of course I am an entrepreneur, a life coach, entrepreneur, scientific American enthusiast, Blockchain enthusiast, bitcoin evangelist, inspirer, chief visionary, influencer 3 times TedX attender, a modern philosopher, activist, trendsetter, empowering and passionate project manage.
Underrated comment.
Lol, reminds me of Elon
While only having 381 bucks in their pocket ahaha
Underrated comment 🤭😂
Don’t forget influencer, that ones important
Would love a side-by side comparison video with someone who does todays equivalent of this line of work, explaining what they do & how things have changed
A good idea Regina.
David Hoffman filmmaker
You'd be talking to a computer
@@odanemcdonald9874 “Wall Street Trader” is still an occupation today, despite automation, humans are still at the helm. So I think it would be an interesting comparison nonetheless.
Its product dependent. For some products that are still a niche, OTC trading still dominates the scene, so its not far off what you see here. On some desks its actually way more manic than this.
The two phones aren't even hooked up. He's just coked up as hell.
That was so funny this is bizarre
He's selling computers just like Lloyd Braun.
🤣
And he doesn’t even work there.
The sad part is that he’s actually on the phone with himself.
This job used to have one of the largest heart attack rates.
and a lot of cocaine
correction. cocaine causes a lot of heart attacks
Cocaine is one hell of a drug...
Harry Smith depends on the person for sure
Warg1 its Erbz Grow up.
I hope every honest person shown in this video is doing well. I can't begin to imagine how stressful this work is, let alone the actual NYSE floor.
Holy shit, the man himself hearted me haha! I'm only on this specific video because I am studying the stock market right now in school, but David's videos are as big of a go-to source for me as the library. His content is so simple yet direct, and I feel like I'm transported back to when I was a kid watching PBS documentaries whenever I watch one of his videos 😊
I got a bachelor’s degree in Finance and work in the industry. Every one of the professors and friends I’ve talked to who worked on Wall Street made good money but burned out quickly and said it was a really terrible experience. One professor managed a fund for Goldman Sachs and was required to lay off a minimum percentage of his team every year just to keep everyone competitive. No thanks - at some point the extra money you could make just isn’t worth it.
*_Not a single mobile phone in site just people living in the moment_*
LOL. Thanks Echardt
Well the phones weren't too mobile back then
@@luvpinas123 I mean, yes Mobil phones back then were 'technically' a thing, but coverage was ultra shit.
“Living”? Lol
They worked themselves to death so much fun
Everyone gangster till Fred starts simultaneously talking to 2 people on the phone.
Fred was the speciel kid in School too without gf and last picked in football.
I have anxiety too
2 phones by Kevin Gates started playing in my head
@@ChrisAnderson1986 Now Fred not "speciel", he rich. He has 5 girlfriend's and owns an NFL team.
But the phones aren't connected.
Look people who are already rich getting richer by adding literally nothing of any material benefit to the world, and when ever they see any consequences what so ever for their gambling addictions the poor will foot the bill, wow such epic stonks
I worked at chickfila for 9 months in the kitcen on the corner of a major highway exit onto one of one of the busiest streets in Texas and this does not seem bad at all.
“The key feature here is speed”
I’ll bet it is.
We "blow" through a lot of money here...
They don’t just use curves to track stocks, they use many lines as well.
I love these coke jokes😂😂
LLHGames yes
@@E_Rico speed is meth not coke, but close enough
The guy with the 2 phones snorted so much blow he was talking to himself.
He’s probably selling to himself then buying 😂
@@lewyballpt7979 all day long
The BEST comentary here
Someone knows that he's on camera lol
Bruhh
The old phone ring is like a character in of itself.
Man wish people still talked like this. These accents were amazing
The guy with 2 phones is so coked out, he's trying to sell himself stocks for commission.
😂😂😂
Damn that's actually smart 🤣🤣🤣🤣
😂😂😂😂
Ah yes big brain time
HYUFUBJIHHIKVUGRYYYFUHBIKGGIJVGUHGIBV I'M DOWN
This is the most capitalistic thing I’ve ever seen.
For sure. And I love it.
And I thought it was eating a cheeseburger while driving a 1992 Mustang
No, this is the most capitalist thing you will ever see....and it was glorious!
ruclips.net/video/s9xlu_R46x8/видео.html
"The most capitalistic thing i've ever seen"
*_*Posted in a multimillionare digital service using a high technology device which was previously invested by many manufacturers, but he is surprised by a 40 years old situation_*
Gotta love capitalism
That footage isn't even grainy, it just captured the dust clouds of cocaine accurately
I would like to thank this channel because every picture is a thousand words I've learnt more in the last few days of finding this channel then every rabbit hole I want down on RUclips, it's the light at the end of the tunnel, keep up the good work 👍
Thank you for your beautifully expressed comment. If your resources allow, I would sure appreciate your using the THANKS button under any of my videos including the one you have commented on. It is something new that RUclips is beta testing and would mean a great deal for my continuing efforts.
David Hoffman filmmaker
@@DavidHoffmanFilmmaker such raw footage in all your videos, the more I think about the research thats gone into finding and presenting these videos it makes me appreciate them more, for every masterpiece you have to look though 100s of hours of bad videos and you need something that's going to capture and captivate your audience in the first 60s and to maintain the level of interest throughout and be honest to itself, amazing. Side note : thanks for reminding me to like the videos I was so busy sending the link to the "amazing story teller" I completely forgot, my brother and and brother in law thought it was amazing too, there is nothing better then an uninterrupted raw interview of a time past. Anyways thanks again 👍
The dude being interviewed is probably pissed that he's losing money because of this interview haha.
They probably comped him.
lool
They're probably paying him double
you know he is
No, he likes to have an additional 10 min break
This is what it looks like inside my brain at 4am when I can’t fall asleep
I can relate to that lol
That's a nightmare!
It's actually 4am rn and I can't sleep
Fuck
26 hrs awake rn...
These people were relaxed cuz everyone accepted not knowing what you’re doing. Now, managers expect you to know shit!
Seems like a risky way to make money. But for some it just comes easy ...like my brother in law he just plays around with stocks almost casually and makes a good chunk most times. Fascinating look into a world that I know nothing about. Thank you David!
Not really risky, if you know how it works and learn to follow the bread crumbs, technically. Everything is timed and measured, especially these days with algos pushing most the volume. Still programmed by humans.
This looks like a great way to get a headstart on a midlife crisis.
You'll have plenty of money to buy that car
@@Neophobic
Never mind the car, the big house in El Camino is where it's at.
opening to every midlife crisis movie, i swear
🤣👍
It is. Just look at 0:46
What if 2 phone guy was talking to himself
Like Timmy Turner’s dad?
😂
Lol! He was talking to his Higher Self after tripping on some DMT back at the restroom!
Hahahaha
Just a lost hyena 🤣
The sound of their voices is totally different and this isn’t that old.
It was the microphone they would all sound the same
Totally different to what? do you know them all or something?
@@symbiote1982pk I mean the audio of this sounds “old” like compared to people talking today.
Yeah I noticed that too. The cadence is different , no one has vocal fry, and no one uses like as much . People seemed less self conscious
This is the kind of social charisma and communication skill my mother want me to have
Cocaine's one hell of a drug
Martin Lazo someone had to say it..
Sir Kayda I know right?
Right
Ignacio Nemarich what
John Doe Not all drugs can be easily laced. LSD, for example, is really hard to fake. About the only other psychoactive substance that is active in doses small enough to fit on a 1x1 cm blotter tab is NBOMe but even that is a much larger molecule and is easy to test for.
This is the most 80s, American thing I've seen.
Those times were cleaner than these wicked times
@@internet2055 yeah more racist too
@Tesselation oh you caught me damn okay I'll stop lying
@@letsfindsomepeace9207 Out of all the things the 80s suffered from, you think of racism? Really?
@Tesselation it was more racist though? It's ignorant to pretend it wasn't. Only 20 years before this MLK marched on Washington and y'all are acting like racism was gone because it's the 80s.
This is very admirable. They must have a keen ear for information. I can barely have a conversation with someone in a loud place
"What a bank as for sale, is information, and this is always been true"
Chilling how ahead of it's time this quote is :O
"You should've seen Dundee Mifflin in the 80s, before they found cocaine was bad. Man, they could move paper."
-Michael Scott
They were all like Michael with the pretzel
Was just fininshing watching an Office episode when I saw that commentary haha
I was waiting for a joke like that to appear, thank you😂😂
NO recovery happening ! Still NO livable wages of $24/Hour and up! NO 100% PPP viral mask 😷 available for all Americans + hardcore PPP social distancing of 7 feet or more ( circumference) around every American!!! Cost of living too high!!! UBI still not passed for $600/Week for life! Capitalism is dead!!!! Time for an egalitarian Highest Standard Of Living AND Happiness For All Society!!! Stock market is 100% a fraud!!!
What episode was this?
“The key feature here is speed.”
Yeah that sounds about right...
Scott Cramer RUclips’s algorithm got you too, Scott?
Well played
A Glass of Orange Juice what’s crank and dope makes you sleepy
Conorcane 12 crank is meth, so pretty much speed but longer lasting
@@conorcane1211 it's crack, not crank. Crack is crack cocaine, crank is a type of mechanism that is used to lift heavy objects (i.e crane)
One thing is for sure, these professionals are geniuses. How all this works is beyond my great grandma. Bless her soul 💖💖
This video has been showing in my recommendations for years and here I am watching it again trying to glean insight from it
Remember when Wallstreet journal used to report on wallstreet stocks instead of PewDiePie?
That's why T series is winning
Pepperidge Farm remembers.
Wsj is nothing but a bitch lasagna
Pewdiepie finances*
Stop watching this video immediately and subscribe to Pewdiepie
Fake. I didn't even see a chest pumping Matthew McConaughey
Uhhhhh uh
Damnit. Now I gotta take 4 hours to watch that movie again! Oh well, not like im doing anything else these days 😷
Best movie ever
suprcrzy watching it rn 😂😂😂
Not even a Vin Diesel selling fake stocks.
Gathering, analyzing and submitting information with computers... Is that ever relevant today, especially in stocks, marketing and sociology.
Thanks for this amazing flash-back to the past. :-D
When I was a kid and adults explained work, the neurons in my brain were creating images and sounds like this.
The reality now is I sit in my pyjamas at home, browsing reddit for half the day and still get more work done than a room full of 70s people dual-wielding phones, all because of tech.
If this continues, my grandkids will be able to be 1 person multinational corporations when they're 30.
I bet your job is worthless and easily replaced. good luck in the future with the skills of sitting on your ass all day
@@andrewkaminskas7721 I run 2 departments. Most managers who are used to 20+ reports could do my job. If they knew the industry and the tech stack. Thanks for the kind words about my future. It's looking a lot more bright now I've ditched the 2 hour commute, I'll be able to be around my kids for the good early years and read to them at lunch, haventime for an extra hobby or side hustle, and not have to smell fishy microwaves.
I feel sorry for the old people out there who think office activity = work. They missed out on a richer life.
@@andrewkaminskas7721 this is what projection looks like y’all. Hope you find your way to a better situation in life 🙏🏾
@@Harry-dh2pm but im still young T.T
Kinda. 24 adult. Probably my next job will be sewer cleaning at this rate
if things continue as they are your grandkids will be fighting wars for clean water sources and struggling to survive.
I wonder how much money they lost while being interviewed
They better start buying gecko insurance 😂🤣😆
I think they were interviewed after market hours had closed
one billion dollars
That’s what I was thinking!
69 696 969 USD
Is anyone gonna pick up that phone or what?
Didn't expect you to be here! I used to watch your vids years ago!
Why'd you stop uploading
Hey Jhonny ! They coming for you man!
I watched your Respawnable vids when I was like 12 why tf u here
It's still ringing to this day...
Crazy how u have more information on your phone now than all of them combined!
No one is actually on two phones. They are on two handsets attached to one turret. The turrets have a dial pad connected to the LOC, the Local Operating Company, which would be NYTel/Nynex/Verizon in this case. The array of buttons allow the trader to speak to a counterparty without dialing. The lines are point-to-point copper (or fiber). In this case the turrets are made by IPC (Interconnect Phone Company). Each point-to-point line has two ends but only one phone bill so in the case of Citicorp someone who wanted Citicorp as a counterparty would pay for the line.
If the trader is too slow to respond to a blinking button (incoming call) his counterparty will look for someone else to take the other side of the trade and push another button on his turret.
The news display on the wall is a TransLux (oldest stock on the American Stock Exchange). NNNN is EOM (End Of Message)
That 2-phone guy is too much
Talking with himself
XD
At big auctions you frequently see people using 2 phones at the same time.
u explain the same thing to two persons at the same time
unicycle master
The haircut didn't help.
My aura is clean. .it it brought me here. . You game?
Man: “The key feature here is..”
Me: “cocaine?”
Man:”speed”
Me: “whoops.. close enough”
You're not wrong lol
Coke helps
i read this, liked it, but then when i heard him actually say it in the video i got the joke 😂😂
@@edgiestofcars nah, probably makes you slower
@@xraystudios3693 go watch 80's robin williams it makes you go faster
It would be amazing to track down these people and interview them now. You know, with the benefit of the hindsight. And just to see where they ended up and what they think.
This gives a whole new depth to Steve Carrell's character in The Big Short.
Love how they explain what they’re doing WITHOUT ACTUALLY EXPLAINING A THING.
“Basically, we buy and sell currencies against the dollar”. That’s a basic definition to him? Is that even a real sentence or is he just putting words together? I like to keep things clear and straight to the point when I describe my job. “Basically, we deteriorate the well being of a mediating industry in an effort to improvise poorly developed produce. It’s simply complex”
@@johnjohnson201 okay comunist, maybe the state should do that instead right
They’re paying a set amount of dollars for a set amount of foreign currency, gambling that the foreign currency will soon be worth more. Then they sell it for the new price and get more dollars back than they started with. This is known as forex speculation. The reason they gotta be so fast is that currencies go up and down in value so quickly that missing an opportunity or selling at the wrong moment can evaporate your gains. For an example, imagine the British pound drops ten American cents in value. You buy ten thousand dollars’ worth of pounds. You just saved a thousand dollars. Then the pound goes up in value back to normal. You can now sell your pounds to somebody else for eleven thousand dollars. With the thousand dollar savings from earlier, you have now made two thousand dollars simply by moving money around.
Lux Borealis who taught you math? I get what you are saying, but the numbers you gave were messed up
@@salj.5459 Sometimes the company earns a profit, sometimes they lose. They hope their people win enough to bring in a decent amount over time. The reason they work for a company is because most individuals don't have the resources to buy and sell hundreds of millions of dollars of currency every day, so Banks and brokers hire talented traders to work for them
This is how Robinhood traders see themselves..
“Basically, what we do is buy and sell senseless options both to lose money and because it is funny. The key feature is memes, trying to figure out what is funny on r/wallstreetbets so we can anticipate and catch shitposts as they occur.”
margin call
@@agentanaranjado r/wallstreetbets is basically buying reddit karma with real money
@@helgil6545 what a deal
Most Robinhood “traders” are jokes.
I get annoy by answering one phone but this guys answer multiple at once my respects to this guys.
Amazing, to think buying and selling literally nothing could be so profitable. Our global socioeconomic system is flawless.
The constant ringing in the background would drive me insane.
ibkillah you would eventually tune it out
I was looking for the comment. Fuck that
Just keeps goin,Huh
Ah reminds me of a call center
I find it very soothing
This is the most 1980's capitalist video I've ever watched. The only thing that's missing is cocaine
It ain't missing
HAAAA LOL
No it's in there.
@@destruction8946 in their noses!
Speaking a big economist I guess.
brilliant & still so relevant today
Amazing amazing amazing! Thanks for this insight.
An introvert's nightmare job scenario.
Wow, things have changed today with Webull and Robinhood. I made a no commentary investing and trading channel, which technically would be great for an introvert.
He would keep up
Quite so
It absolutely is
I think an introvert could flourish here. Zero small talk, zero BS in a fast-paced, results driven work environment.
The stress, the chaos, the 2-phones-guy, this looks like that episode where Spongebob's brain is on fire, this is PERFECT.
WE THREW OUT HIS NAME!!!!
That's EXACTLY what I was thinking!
Mhm
Yeees...exactly what I wanted to say
This is fine
These guys know how to look busy at the time of inspection. Geniune professionals!
"I listened, and i transmitted, and i ananalyzed. Theres a little bit of detective work, when you hear a little piece of information coming across the DOW Jones, and you see a little buying or selling in one of the exchange markets, and you see whats happening in the money markets, you suddenly put them together and you say, "damn it, thats whats happening!"
I still don't know what's happening.
"So what do you do?"
"I make money"
"How? What do you sell?"
"Money"
What do you mean?
Well I buy money and I sell it.
Buy it from who?
Whoever wants to sell it.
Sell it to who?
Whoever wants to buy it.
How do you do this?
On the phone
Couldn't make any more sense.
I create nothing... I own... 😜
Hahahaha
@@genogrinberg6014 why the fuck did I read it with a Hindi accent
America in a nutshell - buying nothing so you can sell it to nobody
I bet that that phone is still ringing this very day.
What phone ringing? I think you're suffering PTSD.
Ian-Devon Lewis I think you are suffering hear loss
It was multiple phones all their phones were ringing off the hook
Love u haha
The phone, the phone is ring-ing.
"Coming to bed honey?"
"Yes dear."
Great production big ups nice production big fan🔥🌐🔥
The guy with two phones is iconic I’m going to be him for Halloween
aliyah del Great idea, thanks-
Congratulations
pjedrzejko Thank you. I love my fans !
You can't be who your not
The American dream
That ringing phone is actually just a pre recorded phone ring being replayed constantly to make them think they are always busy...
Interresting
Are you being serious?
the viewers or the workers ?
kingrahimi workers
Either this is stupid or brilliant comment, both ways works so yeah
Legend has it that the man is still duel wielding those phones!
I like Jeremy Irons give this relaxed Interview.
Two phones guy is a hero. I swear he’s talking to himself.
Of course he is. He's performing for the camera. A real conversation would be highly confidential.
He was just tryna look busy, so his boss wouldn’t fire him. It’s a risky trade, he survived that day tho...
Time stamp?
Smeagol: Buy!
Gollum: Sell!
@@UncleYis 0:43
Legend has it that the phone is still ringing till this day.
Before anyone wooshes me, I get the joke, but a phone is probably still ringing there now lol.
underrated comment lol
🤣🤣🤣🤣🤣
Yeah tinnitus lol
Considering this was in the wtc...
Those paper slider things were pretty cool.
Legend says that phone in the background is still ringing to this day
“You’re fired, you’re hired, you’re fired”
Did you get the abortion yet?
Well then buy it. Well then sell it, I don’t know
What am I paying you for ?!
5:20 bro
How old is this coffee?
Theres more cocaine in that office than grain on the film.
@Weed Man r/wooosh
@@nsd781 ?
@@connorsmith9663?
@@placepages8071 ?
@@milanvanjoost882 ?
They were masters of multitasking, indeed. Wow!
0:45 imagine if his foot started reaching out with a third phone
HAAAA
Best comment here
🤣
What makes this more funny is that he actually looks chimpy.
That would be a leslie nielsen movie!
There was no Internet. Every stock trade required a human action. Brokers made 8% on the total trade, buying or selling.
thank god to that
8%??? HOLY SHIT!
@@FeroxX_Gosu that alone is probably why a lot of that has been moved online 😟
Yea I'll take 8% to spend your cash lol
@@lieutenantdan2217 no wonder they got most of this online and DIY now, don't have to pay some intermediary 8% off the top of each transaction like that
My grandfather was a stock recorder at the nyse for 40 years. He would stand on the floor all day and track the trades on a note pad.
David Hoffman you are a gift to the world
“The key feature here is speed.”
... I’m pretty sure he’s referring to ‘speed’ as a noun, if you know what I mean.
Speed is a noun anyway...
no one's rolling bowls they're ripping fat lines in the washroom
Did you mean name?
Hazzar595 lol damn you’re right...
Helder Yysus he means coke
This is why they had whiskey and cigarettes for breakfast everyday back then
And cocaine
Now it's Adderall 😂
won ton min cocaine was lunch
Indeed I believe so.
@bihbhkjbnlk Tell that to Christopher Hitchens. Dude pretty much lived on Johnnie Walker Black and cigarettes and remained as sharp as a knife to the day he died.
ever since I started doing educations around the economal I like to chuckle at the thought of that scene from Sunny when Charlie realises they're passing the same fish around and starts flipping out about it. Comedy.
So nice to see a video of my personal hell... gonna go for a walk outside now
This looks like spongebobs brain when he forgot his name.
I saw that episode too
😂😂😂
WE THREW OUT HIS NAME
NO!!! THIS IS PATRICK 🤪
Yes.
That guy dual wielding the phones was one of the most American things I’ve ever seen.
Shud put his face on the 100 dollar bill
He got phone finesse
Businessmen all over the world do that. It's called being a two phone tycoon
@@politereminder6284 but he was also on the speakerphone
@susanne anique Still the most American 80’s thing I’ve seen all day.
For some reason, that little conveyor thing that delivers the paper really cracks me up. It looks like something that would be made up for a cartoon
Great Video! Love it!
They actually all seem way more relaxed than most modern day professionals.
Cause they're all on Marijuana cough syrup and cocain haha
*THATS NOT INTENSE* work a 12 hour shift at an Amazon warehouse...!!!
@@piccalillipit9211 there are different levels of intensity. Here you are making decisions by the second. With one wrong decision you can lose millions. From what videos I have seen in an Amazon warehouse the operatives just do robotlike work. Move the package as fast as you can and as many as you can. It’s monotonous and doesn’t require making important decisions.
Probably because no one is blowing up their cell phones like today.
All the drugs probably helped.
I bet their souls are still hearing phones ringing
I worked in a call center for 3 years and I still jump when a phone rings.
Zach Reynolds this job guaranteed two things in those days: fucktons of stress and fucktons of coke to cope with the stress. I’d be amazed if even half of em are still around.
@@solosabbath8940 same
In the 80's I worked in a reservations center for Continental Airlines. Even now I've been told when I talk in my sleep I say things like "Will that be first class or coach?"
@@chrism1102 lol
Love it!! ⚡
The guy with 2 phones made me lmao the way he kept switchin them to his mouth like that😂😂