Jordan Belfort is back on Wall Street and talking with InvestmentNews

investmentnews.com:

Jordan Belfort, aka “The Wolf of Wall Street,” is back and he’s got a lot to say about the long-term benefits of … index funds?

No joke. The now-reformed former penny stock fraudster is out with a new book, “The Wolf of Investing,” in which he offers advice on how to safely invest for the long term. No phony IPOs or high-pressure sales allowed — just legitimate financial advice. Not only that, Belfort also tackles the “Wall Street fee machine” and offers a concise chapter on the history of Wall Street regulation.

InvestmentNews caught up with Belfort to learn more of his thoughts on investing, as well as try and find out where the modern-day wolves are hiding on Wall Street.

InvestmentNews: Your new book is called ‘The Wolf of Investing.’ Isn’t there some irony in asking the so-called ‘Wolf of Wall Street’ for legitimate financial advice? 

Jordan Belfort: I think it is ironical. I resisted writing about Wall Street and how to make money in the stock market the right way for many, many years. And ultimately, I just got to a point where, after being on the speaking circuit and teaching mostly entrepreneurship and sales, I realized there is a need to discuss things like: What is the actual way to make money in the stock market — the right way, and without the nonsense of short-term trading and trying to time the market?

So I did a lot of research. And while I had invested this way myself, using indexing and a carefully balanced portfolio, the more research I did, the more shocked I was at how simple it was to build wealth over time. 

IN: Do you feel that writing a book about legitimate financial advice is part of your penance, helping you make up for some of the criminal things you did in your past? 

JB: You know, I didn’t