This year "The Wolf of Wall Street" catapulted audiences into the world of infamous stock broker Jordan Belfort, who amassed millions in the mid-1980s through stock market manipulation and penny stocks. Eventually indicted on fraud charges and imprisoned 22 months, he came out with a memoir chronicling the wild ride of his rocketing success and subsequent fall. The book's movie adaptation, starring Leonardo DiCaprio and emphasizing the drug use, sex, and morally bankrupt investing strategies, was released in 2013 and is up for five Oscars, including Best Picture, Best Actor, and Best Adapted Screenplay. But the quotes below are a mix of investment advice from the old Mr. Belfort and his new self.
On the other end of the investment spectrum is Warren Buffett, the "Oracle of Omaha," who is characterized by his value-based investing,philanthropic efforts, and frugal lifestyle. Since getting into investing in the early 1950s, the head of investment firm Berkshire Hathaway has amassed more than $58.5 billion, making him the fourth-richest man in the world. He has pledged to give away 99 percent of his wealth before he passes away. Mr. Buffett is also known for his storytelling style and wise investment advice, showed off in his yearly letters to investors.
Both men have made huge amounts of money, though in drastically different ways. When you want to make money, who gives the advice you want to hear?
Let's find out. Here's how it works: You'll be prompted with a question, and two quotes – one from Warren Buffett and one from Jordan Belfort. Pick the quote that best fits your financial philosophy, and we'll match you up with your investment guru. Find out who said what at the end of the quiz!
“Act as if! Act as if you're a wealthy man, rich already, and then you'll surely become rich. Act as if you have unmatched confidence and then people will surely have confidence in you. Act as if you have unmatched experience and then people will follow your advice. And act as if you are already a tremendous success, and as sure as I stand here today - you will become successful.”
"Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."