Wall Street Traders Were MANIC. This Was 1980. Have Things Changed?

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 KZbin 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

[@DavidHoffmanFilmmaker]

Please look at this scene that I filmed on Wall Street - kzbin.info/www/bejne/h5PFiGuJhJVrjrM David Hoffman Filmmaker

[@joycemarques3815]

Cool

[@Dreamskater100]

I did. Very good.

[@americafirst834]

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.

[@JP-od9ps]

Lmao!!!!!

[@GreenDreamzGarden]

The dude with 2 phones was calling both his cocaine dealers

[@eduardd.1086]

caught me weak😂😂😂😂

[@booshting3520]

Certainly not calling his hairdresser

[@dk6173]

Playing pizza hardball

[@cogYo]

Dead 😂

[@tajh.]

Green Dreamz Garden he was talking to Pablo and Escobar

[@alexandrosa.p2074]

When I was three this is exactly how I imagine work would be like

[@Natasha___.]

This is the best comment!

[@ovinophile]

Instead I’m watching this on KZbin while I’m supposed to be working. The irony!

[@Cutthroatcuts]

When i was three i was eating sand

[@jamesurtekar1657]

😂

[@amorgod7776]

😭literally

[@scottmichaelhedge5055]

0:44 Wow, actual footage of the legendary dual-wielding phone technique.

[@CosmosProvider]

the forbidden manoeuvre

[@HarshKS2]

Akimbo phone

[@priuskiller426]

I finished reading your comment to look up and see it. It’s absolutely beautiful!!!

[@snarlsbarkley5083]

You know you’re busy when you’re swinging two phones like a miniature elliptical machine.

[@mitchellsmith3960]

And the hair cut, what absolutely unit of a man. Hope he’s living large some where

[@addledhead]

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

[@mechanoid2k]

That movie was like barely fiction.

[@olanmills64]

Knowing how to explain what you do to people who know nothing about it is a different skill

[@colwem]

It feels like Ricky gervais in the office.

[@Thefictitious_reel]

"Let's see Paul Allen's card now"

[@adriznosdm8195]

@@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)

[@MinillaIF]

The guy with two phones accidentally called himself and was trying to convince himself to give himself money.

[@wingnutmcspazatron3957]

Underrated comment

[@herglawrmr33]

😂😂😂

[@magjan5721]

This is perfect

[@ShowingYouOnline]

Hahah looks like he made the sale

[@hailsnetki]

Lolmaooo

[@dalehighfill3807]

"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."

[@ismailhassanov6587]

Mr. Crab??😅

[@FakeAssHandsomeMcGee_]

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.

[@latchkeyed959]

Sir Xi Gutierrez von Wallenstein VI 😂 here’s the clip you’re referring too if anyone’s wondering kzbin.info/www/bejne/moLaZapvjMyLmbM

[@doomhead2332]

@@latchkeyed959 Ah dammit you got me 😂

[@ronlamont.0082]

Sound like J Johna Jamerson

[@ok-ts4bt]

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.

[@evelynwilson1566]

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.

[@user-cd4tw2dj4p]

of all the comments under this video, im glad there is at least one worth reading, the rest are stupid ass jokes.

[@michaelrandle3370]

Crazy. Now we just whip out our phones and buy and sell whatever want.

[@DavidHoffmanFilmmaker]

Please look at this Wall Street Post - kzbin.info/www/bejne/h5PFiGuJhJVrjrM David Hoffman Filmmaker

[@CB3ROB-CyberBunker]

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.

[@CB3ROB-CyberBunker]

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.

[@bentleyboy72]

The most intense part of this was the dude talking to his wife and girlfriend over the phone at the same time...

[@bihanijewellers]

Hahahaha

[@nonya6012]

Lol

[@urielcampos1355]

🤣

[@Joe_JesusWins_Lewis]

Got it all wrong, he was talking to your mom and aunt.

[@glipk]

Who

[@sportmodel9526]

It wouldn't be 80's office footage without a phone constantly ringing in the background

[@dreamthedream8929]

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

[@ibrahimkante6022]

@@dreamthedream8929 computers did exist though and they played a large role in the 1987 crash

[@dreamthedream8929]

@@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!

[@bobbymanny8043]

Dream TheDream89 ok boomer

[@IronReef77]

@@dreamthedream8929 Yeah but I think you overlooked the humor in his comment. I could be wrong

[@sunshineskystar]

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.

[@grammar_shark]

Underrated comment.

[@sandeepv1569]

Lol, reminds me of Elon

[@trcs3079]

While only having 381 bucks in their pocket ahaha

[@schnioula]

Underrated comment 🤭😂

[@blakeduddles2649]

Don’t forget influencer, that ones important

[@reginafallangie2867]

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

[@DavidHoffmanFilmmaker]

A good idea Regina. David Hoffman filmmaker

[@odanemcdonald9874]

You'd be talking to a computer

[@reginafallangie2867]

@@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.

[@dwolf9507]

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.

[@AlvaStPosse]

The 1980 trader had just come out of 13 years of inflation wrangling, net zero gain in equities, a historical high in interest rates, and enormously volatile commodity markets. All of this data feeds into the exchange rates and these guys were seasoned. Data feeds, of course, were slower, but it required much greater awareness...and the market spans nonstop from early Monday morning Auckland to Friday 5pm Manhattan (though there are busy and quiet periods every day). These days it is largely electronic. Execution algos are designed by humans and only as good as their weakest link. Humans are also at the source of every large move and never far away from the trading room (despite it being MUCH quieter).

[@samsung5181]

The guy with the 2 phones snorted so much blow he was talking to himself.

[@lewyballpt7979]

He’s probably selling to himself then buying 😂

[@games4us132]

@@lewyballpt7979 all day long

[@ivanaguilar3132]

The BEST comentary here

[@JMartinez351]

Someone knows that he's on camera lol

[@Pharizer]

Bruhh

[@LLHgames]

“The key feature here is speed” I’ll bet it is.

[@elsey1976]

We "blow" through a lot of money here...

[@paulallen579]

They don’t just use curves to track stocks, they use many lines as well.

[@E_Rico]

I love these coke jokes😂😂

[@Lenin6969]

LLHGames yes

[@NystektVaffel]

@@E_Rico speed is meth not coke, but close enough

[@izaakullian9779]

The old phone ring is like a character in of itself.

[@sweetpea3134]

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.

[@sweetpea3134]

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 😊

[@johndotcue]

The dude being interviewed is probably pissed that he's losing money because of this interview haha.

[@LandersWorkshop]

They probably comped him.

[@zeddy2284]

lool

[@richardbelden1590]

They're probably paying him double

[@waltersgasolinemuseum5430]

you know he is

[@Sparxsbtw]

No, he likes to have an additional 10 min break

[@lauralishes1]

This job used to have one of the largest heart attack rates.

[@zeff2103]

and a lot of cocaine

[@joshbrock2663]

correction. cocaine causes a lot of heart attacks

[@philiposborne982]

Cocaine is one hell of a drug...

[@evangelion8793]

Harry Smith depends on the person for sure

[@benhall2235]

Warg1 its Erbz Grow up.

[@komentierer]

That footage isn't even grainy, it just captured the dust clouds of cocaine accurately

[@gracecantrell2349]

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.

[@davecole3451]

This is what it looks like inside my brain at 4am when I can’t fall asleep

[@jackischilling2308]

I can relate to that lol

[@mattw4496]

That's a nightmare!

[@Hi-vf9wx]

It's actually 4am rn and I can't sleep

[@njstorozuk]

Fuck

[@halfwayhomelesshippy4486]

26 hrs awake rn...

[@dj__alien]

Everyone gangster till Fred starts simultaneously talking to 2 people on the phone.

[@ChrisAnderson1986]

Fred was the speciel kid in School too without gf and last picked in football.

[@goghman]

I have anxiety too

[@Femfab]

2 phones by Kevin Gates started playing in my head

[@mr.whiskers3283]

@@ChrisAnderson1986 Now Fred not "speciel", he rich. He has 5 girlfriend's and owns an NFL team.

[@RemoteAbductionArm]

But the phones aren't connected.

[@mikehughes3340]

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.

[@wisco9er536]

Man wish people still talked like this. These accents were amazing

[@justalosthyena5563]

What if 2 phone guy was talking to himself

[@dongbong7405]

Like Timmy Turner’s dad?

[@shawnavelli9537]

😂

[@anttam117]

Lol! He was talking to his Higher Self after tripping on some DMT back at the restroom!

[@fiumerijeka9213]

Hahahaha

[@meditateforawareness]

Just a lost hyena 🤣

[@goodtimes8975]

The two phones aren't even hooked up. He's just coked up as hell.

[@samanthap.879]

That was so funny this is bizarre

[@Davez621]

He's selling computers just like Lloyd Braun.

[@thescoobymike]

🤣

[@icanbelievesomeofitisbutter]

And he doesn’t even work there.

[@uncleowen8011]

The sad part is that he’s actually on the phone with himself.

[@Phosfit]

These people were relaxed cuz everyone accepted not knowing what you’re doing. Now, managers expect you to know shit!

[@Ron_swanson_true_libertarian]

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 KZbin, it's the light at the end of the tunnel, keep up the good work 👍

[@DavidHoffmanFilmmaker]

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 KZbin is beta testing and would mean a great deal for my continuing efforts. David Hoffman filmmaker

[@Ron_swanson_true_libertarian]

@@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 👍

[@WD40318]

The guy with 2 phones is so coked out, he's trying to sell himself stocks for commission.

[@gogetta7911]

😂😂😂

[@mandystop1077]

Damn that's actually smart 🤣🤣🤣🤣

[@Michael-yz4mc]

😂😂😂😂

[@jaime3974]

Ah yes big brain time

[@matheusdasilva7895]

HYUFUBJIHHIKVUGRYYYFUHBIKGGIJVGUHGIBV I'M DOWN

[@Luncea28]

This looks like a great way to get a headstart on a midlife crisis.

[@Neophobic]

You'll have plenty of money to buy that car

[@jayjay86443]

@@Neophobic Never mind the car, the big house in El Camino is where it's at.

[@sinoroman]

opening to every midlife crisis movie, i swear

[@shawnavelli9537]

🤣👍

[@imbi9580]

It is. Just look at 0:46

[@riverraven7]

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!

[@MrUnfeigned]

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.

[@evenoddridge4829]

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

[@Rybz]

The stress, the chaos, the 2-phones-guy, this looks like that episode where Spongebob's brain is on fire, this is PERFECT.

[@theprototype1619]

WE THREW OUT HIS NAME!!!!

[@sjorshaanen7973]

That's EXACTLY what I was thinking!

[@LanceDa510]

Mhm

[@magz7139]

Yeees...exactly what I wanted to say

[@franciscofuentes8916]

This is fine

[@NPC_Kyle]

Man: “The key feature here is..” Me: “cocaine?” Man:”speed” Me: “whoops.. close enough”

[@raulsalcedo8332]

You're not wrong lol

[@edgiestofcars]

Coke helps

[@mackenziemclean6731]

i read this, liked it, but then when i heard him actually say it in the video i got the joke 😂😂

[@xraystudios3693]

@@edgiestofcars nah, probably makes you slower

[@mildsuffering4734]

@@xraystudios3693 go watch 80's robin williams it makes you go faster

[@Rachel0731]

The sound of their voices is totally different and this isn’t that old.

[@bhinosrt8557]

It was the microphone they would all sound the same

[@symbiote1982pk]

Totally different to what? do you know them all or something?

[@Rachel0731]

@@symbiote1982pk I mean the audio of this sounds “old” like compared to people talking today.

[@lulasphinx]

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

[@maskimgalgo2046]

This is the kind of social charisma and communication skill my mother want me to have

[@ScottCramer]

“The key feature here is speed.” Yeah that sounds about right...

[@mattm7771]

Scott Cramer KZbin’s algorithm got you too, Scott?

[@lavarballscousin9391]

Well played

[@conorcane1211]

A Glass of Orange Juice what’s crank and dope makes you sleepy

[@deathbyastonishment7930]

Conorcane 12 crank is meth, so pretty much speed but longer lasting

[@wills.e.e8014]

@@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)

[@mchase4]

Is anyone gonna pick up that phone or what?

[@kelvinhua202]

Didn't expect you to be here! I used to watch your vids years ago!

[@Ghost.8456]

Why'd you stop uploading

[@namenl2205]

Hey Jhonny ! They coming for you man!

[@enebz3746]

I watched your Respawnable vids when I was like 12 why tf u here

[@kelvintame4889]

It's still ringing to this day...

[@jas_bataille]

"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

[@cjr3559]

This video has been showing in my recommendations for years and here I am watching it again trying to glean insight from it

[@Vulture1738]

"You should've seen Dundee Mifflin in the 80s, before they found cocaine was bad. Man, they could move paper." -Michael Scott

[@FrankMontes24]

They were all like Michael with the pretzel

[@jonathaningram8157]

Was just fininshing watching an Office episode when I saw that commentary haha

[@oneofthefew1777]

I was waiting for a joke like that to appear, thank you😂😂

[@fascisteradicator2382]

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!!!

[@PapiTopher]

What episode was this?

[@bkshowstopper]

Theres more cocaine in that office than grain on the film.

[@nsd781]

@Weed Man r/wooosh

[@connorsmith9663]

@@nsd781 ?

[@placepages8071]

@@connorsmith9663?

[@milanvanjoost882]

@@placepages8071 ?

[@budlightyear6795]

@@milanvanjoost882 ?

[@Travasco]

Crazy how u have more information on your phone now than all of them combined!

[@Harry-dh2pm]

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.

[@andrewkaminskas7721]

I bet your job is worthless and easily replaced. good luck in the future with the skills of sitting on your ass all day

[@Harry-dh2pm]

@@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.

[@soicy]

@@andrewkaminskas7721 this is what projection looks like y’all. Hope you find your way to a better situation in life 🙏🏾

[@slamp3844]

@@Harry-dh2pm but im still young T.T Kinda. 24 adult. Probably my next job will be sewer cleaning at this rate

[@adrianc6534]

if things continue as they are your grandkids will be fighting wars for clean water sources and struggling to survive.

[@calvin-]

This is the most 80s, American thing I've seen.

[@internet2055]

Those times were cleaner than these wicked times

[@letsfindsomepeace9207]

@@internet2055 yeah more racist too

[@letsfindsomepeace9207]

@Tesselation oh you caught me damn okay I'll stop lying

[@davidgomez7882]

@@letsfindsomepeace9207 Out of all the things the 80s suffered from, you think of racism? Really?

[@Deadriser]

@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.

[@Gregorio416]

I wonder how much money they lost while being interviewed

[@illpikachugetsallthekutti6488]

They better start buying gecko insurance 😂🤣😆

[@jacobh4516]

I think they were interviewed after market hours had closed

[@DrRiq]

one billion dollars

[@donttalktomeyoureannoying8736]

That’s what I was thinking!

[@Vandarte_translator]

69 696 969 USD

[@HansensSportsCards]

One thing is for sure, these professionals are geniuses. How all this works is beyond my great grandma. Bless her soul 💖💖

[@Jaxan-dq2jy]

This is very admirable. They must have a keen ear for information. I can barely have a conversation with someone in a loud place

[@guthax30]

"So what do you do?" "I make money" "How? What do you sell?" "Money"

[@genogrinberg6014]

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.

[@gordoniwk483]

I create nothing... I own... 😜

[@kevinkoger5749]

Hahahaha

[@dophire]

@@genogrinberg6014 why the fuck did I read it with a Hindi accent

[@Gabu_]

America in a nutshell - buying nothing so you can sell it to nobody

[@flioink]

An introvert's nightmare job scenario.

[@dailyfuturetrades4998]

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.

[@junesuprise]

He would keep up

[@jasoncoopersmith]

Quite so

[@cellophaneriot]

It absolutely is

[@neuvocastezero1838]

I think an introvert could flourish here. Zero small talk, zero BS in a fast-paced, results driven work environment.

[@the.flat.six.]

I get annoy by answering one phone but this guys answer multiple at once my respects to this guys.

[@Bayoll]

"Coming to bed honey?" "Yes dear."

[@unicyclemaster470]

That 2-phone guy is too much

[@mzaphod64]

Talking with himself XD

[@nokia3210fuck]

At big auctions you frequently see people using 2 phones at the same time.

[@CrowBoomer]

u explain the same thing to two persons at the same time

[@FlintSparkedStudios]

unicycle master The haircut didn't help.

[@kingfedrick-alpha8454]

My aura is clean. .it it brought me here. . You game?

[@aliyahdel2721]

The guy with two phones is iconic I’m going to be him for Halloween

[@jxx8152]

aliyah del Great idea, thanks-

[@performa1]

Congratulations

[@aliyahdel2721]

pjedrzejko Thank you. I love my fans !

[@2fonefred950]

You can't be who your not

[@negronmax8]

The American dream

[@doodlebob3758]

This gives a whole new depth to Steve Carrell's character in The Big Short.

[@princegroove]

They were masters of multitasking, indeed. Wow!

[@mattb3309]

This is how Robinhood traders see themselves..

[@agentanaranjado]

“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.”

[@deadasspigeon8738]

margin call

[@helgil6545]

@@agentanaranjado r/wallstreetbets is basically buying reddit karma with real money

[@tomlxyz]

@@helgil6545 what a deal

[@DunkinOnEmHoes]

Most Robinhood “traders” are jokes.

[@LALFAST]

I bet that that phone is still ringing this very day.

[@DirtCheapFU]

What phone ringing? I think you're suffering PTSD.

[@Skillbombe]

Ian-Devon Lewis I think you are suffering hear loss

[@prumerop724]

It was multiple phones all their phones were ringing off the hook

[@lifeevent88]

Love u haha

[@blankeyed67]

The phone, the phone is ring-ing.

[@okilydokily417]

These guys know how to look busy at the time of inspection. Geniune professionals!

[@fredrickworbitz6877]

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

[@Ml4zobass]

Cocaine's one hell of a drug

[@gamerthug5oh]

Martin Lazo someone had to say it..

[@-ahvilable-6654]

Sir Kayda I know right?

[@MrLeavittt]

Right

[@atomous4373]

Ignacio Nemarich what

[@harrylawson6293]

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.

[@satamakotka793]

Boomers be like: "These modern kids are always on their damn phones!"

[@LexieNicole24]

Least these people's purpose on the phone is making money lol

[@Lucknow472]

Lexie Gorbea exactly!

[@vaclavcervinka65]

@@LexieNicole24 Yeah, but in a very stressful and unproductive way

[@cz2301]

Okay, boomerrrrr

[@Lucknow472]

Christopher Zoellner ok foetus

[@jeffhargrove759]

It's so odd that in school something like this would put me right to sleep and now I'm 32 I'm sitting around watching stuff like this willingly

[@olanmills64]

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

[@user-pm7fv9dt6j]

*_Not a single mobile phone in site just people living in the moment_*

[@cytuber]

LOL. Thanks Echardt

[@luvpinas123]

Well the phones weren't too mobile back then

[@scurvofpcp]

@@luvpinas123 I mean, yes Mobil phones back then were 'technically' a thing, but coverage was ultra shit.

[@SavageEntertainmentYEAH]

“Living”? Lol

[@webuyhouse8917]

They worked themselves to death so much fun

[@billiondollarnathi1717]

Legend has it that the phone is still ringing till this day.

[@memedealer4208]

Before anyone wooshes me, I get the joke, but a phone is probably still ringing there now lol.

[@ronaldnoel9646]

underrated comment lol

[@mafemartinez2235]

🤣🤣🤣🤣🤣

[@multatuli1]

Yeah tinnitus lol

[@docvolt5214]

Considering this was in the wtc...

[@alexobery9813]

Amazing, to think buying and selling literally nothing could be so profitable. Our global socioeconomic system is flawless.

[@Jbkbmx]

Legend says that phone in the background is still ringing to this day

[@dakotashea3561]

Love how they explain what they’re doing WITHOUT ACTUALLY EXPLAINING A THING.

[@johnjohnson201]

“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”

[@EldenLord1142]

@@johnjohnson201 okay comunist, maybe the state should do that instead right

[@luxborealis]

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.

[@junjiew3945]

Lux Borealis who taught you math? I get what you are saying, but the numbers you gave were messed up

[@PakRoc-dev]

@@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

[@sirhurricane4350]

This is the most 1980's capitalist video I've ever watched. The only thing that's missing is cocaine

[@maximo6037]

It ain't missing

[@KevinP32270]

HAAAA LOL

[@destruction8946]

No it's in there.

[@HeadNtheClouds]

@@destruction8946 in their noses!

[@giuseppenhp8435]

Speaking a big economist I guess.

[@siregar3739]

Legend has it that the man is still duel wielding those phones!

[@ArtasBartas]

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.

[@gibfeet8992]

0:45 imagine if his foot started reaching out with a third phone

[@KevinP32270]

HAAAA

[@douglas3611]

Best comment here

[@Chocolate_Octopus]

🤣

[@mankola]

What makes this more funny is that he actually looks chimpy.

[@papajahmani]

That would be a leslie nielsen movie!

[@iby914]

The constant ringing in the background would drive me insane.

[@alextrusk1713]

ibkillah you would eventually tune it out

[@ULTRAVISTA.]

I was looking for the comment. Fuck that

[@ULTRAVISTA.]

Just keeps goin,Huh

[@gazzalenbrick6381]

Ah reminds me of a call center

[@RandomGuy4964]

I find it very soothing

[@mkaz9390]

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.

[@AgentSmith16]

1:17 - “The most valuable commodity I know of is information.”

[@XxAye_JayxX]

This looks like spongebobs brain when he forgot his name.

[@bert_xy]

I saw that episode too

[@andrewland843]

😂😂😂

[@guytheguy18]

WE THREW OUT HIS NAME

[@doomhead2332]

NO!!! THIS IS PATRICK 🤪

[@rheaofsunshine918]

Yes.

[@shxrdxx]

This is the most capitalistic thing I’ve ever seen.

[@canaldeblippstorm]

For sure. And I love it.

[@vxsa5546]

And I thought it was eating a cheeseburger while driving a 1992 Mustang

[@mwnciboo]

No, this is the most capitalist thing you will ever see....and it was glorious! kzbin.info/www/bejne/qWrbnaiVh5lprpo

[@primalgroudon5722]

"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_*

[@eliasbairamis6069]

Gotta love capitalism

[@TacSprint]

"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.

[@History_Coffee]

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.

[@joefusoni8170]

This sorta looks like that one episode when spongebob is trying to remember his name

[@HeadNtheClouds]

Exactly! “Hidey hidey haaaaa, my name tag, what’s my name! Aaaaahhhhh,” have we got anything about his name, I can’t find a name, AHHHHHH” Sponge Bob is the best, love those guys! RIP Steve Hillenburg ♥️

[@H.E.M.]

@@HeadNtheClouds he’s talking about when squilliam asked spongebob for his name not the name tag episode.

[@mrmans1674]

“WE THREW OUT HIS NAME??”

[@zer0thehero917]

spongebob specifically used the stock broker work area to express the feeling of choas, or panic.

[@HeadNtheClouds]

@@H.E.M. oh yeah, there are 2 different episodes where he forgot his name 🤔💕

[@yamingoat]

“You’re fired, you’re hired, you’re fired”

[@hanscrow2056]

Did you get the abortion yet?

[@ranchjenkem6002]

Well then buy it. Well then sell it, I don’t know

[@kizzkizz06]

What am I paying you for ?!

[@joeshittheragman6252]

5:20 bro

[@OliviervanBreugel]

How old is this coffee?

[@richardhaas39]

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)

[@johnnymalone6885]

The guy with 2 phones made me lmao the way he kept switchin them to his mouth like that😂😂

[@sticksman1979]

Two phones guy is a hero. I swear he’s talking to himself.

[@jiros00]

Of course he is. He's performing for the camera. A real conversation would be highly confidential.

[@moonease4173]

He was just tryna look busy, so his boss wouldn’t fire him. It’s a risky trade, he survived that day tho...

[@UncleYis]

Time stamp?

[@contactohn7982]

Smeagol: Buy! Gollum: Sell!

[@afiq2814]

@@UncleYis 0:43

[@fednhungry847]

this is just wallstreetbets discord server now

[@bissy97]

Rip WSB discord server.

[@McDudes]

@@bissy97 it's back up tho

[@rayg5445]

If that was intense imagine how they are acting now during this squeeze

[@thatguydownthestreet8036]

@@rayg5445 The squeeze aint squoze.

[@thatguydownthestreet8036]

Fake new everywhere, fuck silver. I do not like that stock

[@stfsgtking]

The 80s was such a great decade

[@emil2321]

0:45 When your boss walks in so you pretend to be busy

[@ag4study957]

This comment is so underrated

[@ClassifiedPerson]

Yes true

[@emilal]

what’s up, emil?

[@GoyFromFinland]

@@emilal Im good.

[@emilal]

@@GoyFromFinland holy shit

[@seanno9744]

My mom: “Two-Phones Jones isn’t real son, he can’t hurt you” Two-Phones Jones: 00:45

[@soundsfromthestreet]

😂😂😂

[@kobijwk]

😂

[@etherealstars5766]

👃💨

[@mobi2769]

Lol that gave me a good laugh

[@whoputyouontheplanet3345]

😂😂😂!!!!!!

[@adrianhildebrandt3937]

I like Jeremy Irons give this relaxed Interview.

[@element6184]

0:46 Mans really equipped akimbo on those phones

[@dennis_duran]

That guy dual wielding the phones was one of the most American things I’ve ever seen.

[@gpu213]

Shud put his face on the 100 dollar bill

[@Lycam]

He got phone finesse

[@politereminder6284]

Businessmen all over the world do that. It's called being a two phone tycoon

[@SuperPhunThyme9]

@@politereminder6284 but he was also on the speakerphone

[@ay-leck1369]

@susanne anique Still the most American 80’s thing I’ve seen all day.

[@justadude420]

That ringing phone is actually just a pre recorded phone ring being replayed constantly to make them think they are always busy...

[@nicom4996]

Interresting

[@NTEDOG561]

Are you being serious?

[@saucyrahimi]

the viewers or the workers ?

[@blanco7726]

kingrahimi workers

[@ammonquitalig9077]

Either this is stupid or brilliant comment, both ways works so yeah

[@denny720]

0:46 dude working the hell outta those two phones lol

[@pinkdeckenergy]

Those paper slider things were pretty cool.

[@PicassoPower]

"BUTTLICKER!!! OUR PRICES HAVE NEVER BEEN LOWER"

[@ronaldmcdonald7794]

YES

[@Charlie-lf7iy]

Hostile, Aggressive and definitely difficult!

[@PicassoPower]

@@Charlie-lf7iy "It is a million dollars"

[@alfianodamanik]

For those that dont know, it’s a reference to The Office

[@antonyrivera8318]

YESSSSSSSSSSS

[@ghaniehsan3096]

Pickup the damn phone already.

[@Terence.McKenna]

Which one

[@YesSirPhil]

@@Terence.McKenna the one with that repeating ring...

[@danielcastaneda4356]

@@YesSirPhil probably a different one each time

[@j.3854]

Welcome to my life. Auto service.

[@philleclerc4283]

The one dude's already talking to 2 dudes at once, what more do you want from him?

[@JohnFoley1701]

Alternate universe john denver with the two phones was cracking me up.

[@kenkimur]

Controlled chaos with a little lot of adrenaline inducing substances. Love it!!