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Worldco Llc - Walter Bruan Scott Comes Out Of Hiding..
- Thread starter Copernicus
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Quote from megadon:
i dont even think it was near 1 million......it was nickles.....and whatever it was that money would not have been made without him .......at all.....for sure......he will be back im sure of it .....how much did the market move since he closed his shop ..........0 points......think about it lllll......look at the volitility.....when stocks start to get hot again that guy will be their.......you will see..m
So far you've said erroneous things about Worldco inventing married puts, revolutionizing the industry, and Walter shutting the company down (his family did, because he was already moved out by then). Now you are way underestimating the amount still owed. Why don't you just try to get the facts and stick with them.
Quote from brokerboy:
Why would I want to work for him? You said he paid 7% and charges .005 a share. You have to be Walter or family. You live in all the same places Walter would live. What made him so great he started rich and was not some poor guy in the projects? You come off like a dick to a new guy who joins his firm and in a few months he closes with his money. The top worldco guys left awhile before he closed. The big Russian guy has a group at hold now.
Don't forget that Worldco was soliciting and taking money from people right up until the week they closed.
As far as top traders, though, some had left. Many, maybe most, top traders were at Worldco till the end.
Reading these posts I would like to give you my take on Walter. I worked there for 3 yrs. Is he a crook? As far as I know, NO! But he will do anything as long as it is not illegal. Yes!
The good thing about Walter is he gives people there chance and the guy is a great recruiter. Walter is the master when it comes to recruiting! When he interviewed me, I told him Schonfeld was giving me a 2k a month draw plus 50% payout, and a penny a share commission ( I should of went with Schonfeld). I could not afford to live in NYC and needed some living money. This guy gave me the same draw but 1.4 cents a share and 80% payout. The down side I found out was after I signed with him. If its not on paper, it does not count. My draw was not there, but when I needed cash he gave me commission rebates. This was good till just about the time I was only grossing. He told me I am out of S.O.L. and to work at nights waiting tables. He told me to stiff my landlord and who ever else I needed to trade. The guy is a bit nuts.
On the other hand, he gave me a chance to work the trading desk and get a salary. I turned it down! I wanted to day trade. Another opportunity this guy gave me was to open a office of my own when everyone was starting to hurt and not make any money.
Besides that he also offered me to develop his land in the North Fork of Long Island. Over all I think Walter is a good guy, but it depends on his mood. He is no different then any other business man. Except that he gives anyone he sees potential in a chance. Compare Walter to any other guy on Wall St, he is a saint!
The question I see here is would you work for him again? Hell No! Not just Walter or anyone in the business world. They are all vultures, who wait for ambitious, fresh blood to take advantage of. Thatâs the price that comes with opportunity!
The good thing about Walter is he gives people there chance and the guy is a great recruiter. Walter is the master when it comes to recruiting! When he interviewed me, I told him Schonfeld was giving me a 2k a month draw plus 50% payout, and a penny a share commission ( I should of went with Schonfeld). I could not afford to live in NYC and needed some living money. This guy gave me the same draw but 1.4 cents a share and 80% payout. The down side I found out was after I signed with him. If its not on paper, it does not count. My draw was not there, but when I needed cash he gave me commission rebates. This was good till just about the time I was only grossing. He told me I am out of S.O.L. and to work at nights waiting tables. He told me to stiff my landlord and who ever else I needed to trade. The guy is a bit nuts.
On the other hand, he gave me a chance to work the trading desk and get a salary. I turned it down! I wanted to day trade. Another opportunity this guy gave me was to open a office of my own when everyone was starting to hurt and not make any money.
Besides that he also offered me to develop his land in the North Fork of Long Island. Over all I think Walter is a good guy, but it depends on his mood. He is no different then any other business man. Except that he gives anyone he sees potential in a chance. Compare Walter to any other guy on Wall St, he is a saint!
The question I see here is would you work for him again? Hell No! Not just Walter or anyone in the business world. They are all vultures, who wait for ambitious, fresh blood to take advantage of. Thatâs the price that comes with opportunity!
Megadon,
This is off topic but I have to ask: why do you insert so many series of dots/periods throughout your posts?
Please do not take this as a flame. I am just asking because I cannot imagine typing long messages with so many dots all over the place.
Do you hold down the key or do you press multiple times in a row? Do you ever write messages without any consecutive dots/periods?
This is off topic but I have to ask: why do you insert so many series of dots/periods throughout your posts?
Please do not take this as a flame. I am just asking because I cannot imagine typing long messages with so many dots all over the place.
Do you hold down the key or do you press multiple times in a row? Do you ever write messages without any consecutive dots/periods?
Quote from megadon:
stick and move..............when in doubt get out.................walterisms.........m
Quote from afedoro:
Megadon,
This is off topic but I have to ask: why do you insert so many series of dots/periods throughout your posts?
Please do not take this as a flame. I am just asking because I cannot imagine typing long messages with so many dots all over the place.
Do you hold down the key or do you press multiple times in a row? Do you ever write messages without any consecutive dots/periods?
its kind of like when you talked with Walter he would take these pauses here and there...
ummmmm...........................lets see.........................good i have your attention..............it seems walter was.... is a buisnessman who likes to make a buisnessmans return on his capital .....and in general hes a great guy.....after reading all these posts.......many people have had some good things to say about him.......witch has been my personal experience as well......but beyond that he can be moody and misunderstood.......otherwise hes on the money.....he always believes in his guys.....and that his guys are in a long term economic war with the world.....a war they must win every day......he is intense ....he thinks big.....and likes his traders to think big too......he belives in long long term relationships and his is one i would not want to loose............m
i agree with many recent posts .......no one knew the end was near ...........but thats the way its suposed to be......the clock just stops ticking.......and that phase of your life is over......its a graduation day that walter prepared you for ......remember whatever dosent kill you only makes you stronger.................m
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