206 - Curtis "Wall Street" Carroll - The Stock Market Wizard of San Quentin is Released!
In 2015 we presented this story about Curtis Carroll, the Stock Market Wizard of San Quentin. Everyone in San Quentin called him Wall Street. He was teaching his fellow prisoners about stocks and had become an informal financial adviser to fellow inmates and correctional officers.
After serving 27 years of a 54 years to life sentence in prison, Curtis Carroll, has been released on parole. We hear his story and talk to him about what’s next.
When Wall Street was put in prison almost three decades ago he couldn’t read or write. One day he stumbled on the financial section of the newspaper thinking it was the sports section, which his cellmate used to read to him. An inmate asked him if he played the stocks.
“I had never heard the word before,” Wall Street said. “He explained to me how it works and said, ‘This is where white people keep their money.’ When he said that I said, ‘Whoa, I think I stumbled across something here.’ ”
Wall Street taught himself how to read and write beginning with candy wrappers and clothing logos. He pored over financial news: the Wall Street Journal, USA Today, Forbes.
On the inside, Wall Street didn’t have access to a computer or the Internet, so he called his family members to check the closing prices for the day and told them what to buy. He says business is like a soap opera — he’s always trying to anticipate what will happen next. “I like to know what the CEO’s doing. I like to know who’s in trouble.”
“I’m in prison, but I’m on just the same playing field as Warren Buffett,” Carroll says. “I can pick the exact same companies. I can’t buy as many shares, but technically we’re just the same.”
You can find out more about Wall Street, his life and Financial Empowerment, Emotional Literacy Project at ProjectFeel.org. He’s also on Instagram (@CurtisWallstreetCarroll) and Youtube (@WallStreetCarroll).
The Kitchen Sisters Present is produced by The Kitchen Sisters (Nikki Silva & Davia Nelson) with Brandi Howell and Nathan Dalton. Wall Street’s original story was mixed by Jim McKee at Earwax Studios. We are part of PRX’s Radiotopia Network.
This episode was produced in collaboration with Nancy Mullane and Life of the Law. Many thanks!
Special thanks to Curtis Carroll, San Quentin Financial Literacy Program, Anna Deavere Smith, Arnold Perkins, Troy Williams, Lt. Sam Robinson, Tom DeMartini, Zach Williams, Clarence Long, James Fox and the Prison Yoga Project, Tracy Wahl, Jacob Conrad, Nigel Poor, TED, Pop-Up Magazine, and NPR.
The Kitchen Sisters are supported by NEA and contributions to the non-profit Kitchen Sisters Productions.
