Martin Shkreli On the Best Traders He Knows On Wall Street

About this Video

• Video Title: Martin Shkreli On the Best Traders He Knows On Wall Street
• Channel: Shkreli Planet
• Speakers: Martin Shkreli
• Duration: 00:16:44

Introduction

This video features Martin Shkreli discussing the best traders he knows on Wall Street. He shares insights into the number of people who successfully make a living from trading, their backgrounds, investment styles, and the challenges of consistent success in the field.

Key Takeaways

• Limited Success: Shkreli estimates only six people he's personally known have consistently made a living solely through trading or investing over his 25-year career. These individuals are typically billionaires or multi-millionaires.
• Diverse Backgrounds: Most of the successful traders Shkreli mentions graduated from top-tier universities (Harvard, Wharton, etc.), although not all. Several had additional degrees (MBA, law). Their backgrounds were not uniformly wealthy.
• Varying Investment Styles: The traders' styles vary significantly, including some who focus on technical analysis (short-term market trends) and others who utilize fundamental analysis (long-term value investing). The video suggests that the older generation of traders leaned more towards technical analysis than the younger generation, and that value investing is a more successful long-term strategy.
• Industry Focus: All of the successful traders Shkreli knows are or were involved in money management, highlighting the importance of industry experience and networking.
• Difficulty of Consistent Success: Shkreli emphasizes the extreme difficulty of consistently making a living through trading, suggesting it's almost impossible for most people.