Worldco Llc - Walter Bruan Scott Comes Out Of Hiding..

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guys at the end really did not put capital up at all......ask arround......everyone talks badly about him because he was their biggest competion.....and they wanted his buisness .....well now they got it ............but they cant run it the way he did.....because they dont have the faith in the traders he did.......he really really believed in his guys ......and thats right its his guys running the show all over the street......he tought them the bis .....gave them the balls to run the show..........m
 
He did give people freedom and let people learn in the early years. I would not fight that point I heard he cleaned peoples debts at times too. Now he also had the highest cost on the street. I do remember Worldco asking for 5k to 10k in the final year. He did give you a chance to be great but you had to be great with his cost structure. Walters down fall was the market went to shit and his cost structure was not set up for small profitable trading. What makes Walter scrum to me is he took a lot of small trader’s money when he closed. Most of the guys there were not the big traders of the past they are dead and gone. If Walter is his great honorable guy why does he not pay them there money now? You said he is the king and made tons and tons of money and you say he only owes less then a million so why not pay it back. If everything you say is true isn’t his honor and self respect would that.
 
the people walter introduced to eachother........many of them are still working with eachother making big money in a tough market....years later...............still together.........i guess he was right about a lot of that......think about it the way his mind worked was unique.....m
 
to broker boy ........again its not him who owes money its worldco and worldco is regulated.....legal stuff and im sure a lot of it......its not bankrupt......so im sure when it can it will....some things take time...............walter was in charge of making money at worldco ....recruting ....risk management ..........not spending it....that stuff was too boring for a guy like that.........costs and all.....that was his mistake....im sure he wont make it again in his new bis....m
 
and their were huge traders their at the end ..........guys who stuck with him no matter what ......guys who chose to stay on the ship even though their were problems.......a lot of loyal guys....he wont forget that when the opportunity arises again and stocks start gaping 3 ...4 ....points........and in that enviorment their is only one guy to play with walter scott bruan....he gave guys 50 million dollar limits with no capital up...........just inagine the stress of that........what guts...m
 
Quote from aPismoClam:

oh, I thought he married Sloan. But actually, that was his sister, right? my bad.<P>Whatever happened to Fen Fen?
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OK, but what about Fen Fen?
 
i remember him saying .....the newest guy at the firm is its most important guy...because it was that guy who proparly handled would grow the firm ....make millions.....run a group of guys......no one feels that way now at any firm today........it was statements like that that made him fameous.....and made him money.....gave the firm real power.....m
 
Quote from Rearden Metal:


Walter's net worth is <b>more</b> than $500 mil? In that case he really should use some of that to pay back his victims. [/B]
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$500 mil? no way, where are you getting this # from?
 
hes not worth anything like 500.....but hes trying now in many different bis.....m hes still a young guy in his 30 s i think
 
Quote from Rearden Metal:

To ......meg......ad........on.......,

You sure you're not talking about Steven Schonfeld?

Walter is no better than Phillip Bennett (Refco). Perhaps they'll share a cell one day.
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comparing worldco to refco is like apples and oranges. walter never took anything .
the violations they were fined for are not very serious by any standard
 
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