Summary
In the early 1990s, Jordan Belfort teamed with his partner Donny Azoff and started brokerage firm Stratton Oakmont. Their company quickly grows from a staff of 20 to a staff of more than 250 and their status in the trading community and Wall Street grows exponentially. So much that companies file their initial public offerings through them. As their status grows, so do the amount of substances they abuse, and so do their lies. They draw attention like no other, throwing lavish parties for their staff when they hit the jackpot on high trades. That ultimately leads to Belfort featured on the cover of Forbes Magazine, being called “The Wolf Of Wall St.” With the FBI onto Belfort’s trading schemes, he devises new ways to cover his tracks and watch his fortune grow. Belfort ultimately comes up with a scheme to stash their cash in a European bank. But with the FBI watching him like a hawk, how long will Belfort and Azoff be able to maintain their elaborate wealth and luxurious lifestyles?
Movie Release Date: 25th December 2013
Key Insights
Jordan Belfort, a stockbroker who became wealthy and famous in the late 1980s and early 1990s by scamming investors through a pump-and-dump scheme, is the subject of the movie The Wolf of Wall Street. The movie teaches viewers about the risks associated with unethical business activities, the value of compliance and regulation in the financial sector, and the repercussions of corruption and greed. The film also serves as an example of the value of persuasive sales and persuasion strategies as well as the influence of a great company culture.
Understanding the laws and regulations of the industry in which you work is one of the lessons from the film. Belfort and his friends were penalized for breaking the law.
Making ethical business decisions and having a strong moral compass are important life lessons that may be learned from watching the movie. Jordan Belfort, the primary character, prioritizes his own greed over the needs of his clients, and as a result, his actions ultimately result in his failure.
The value of persuasive communication and persuasion strategies is another realization. The main character and his associates in the movie employed pushy and deceptive sales techniques to con investors. Although these methods can be quite successful, they also run the risk of creating moral and legal issues.
The film also emphasizes the perilous consequences of a corporate culture that puts profit above ethics. The corporate culture at Belfort’s company, Stratton Oakmont, was one of making money at all costs, which ultimately contributed to the failure of the business.
Overall, the Wolf of Wall Street movie serves as a warning about the perils of greed, dishonesty, and a lack of ethics in the economic world, as well as the significance of acting within the bounds of the law and morality. The movie also emphasizes the value of persuasive sales and persuasion strategies and the influence of a strong corporate culture, but it also stresses the significance of keeping an eye on moral issues.
NOTE
It’s also critical to remember that the movie is a work of fiction and that the actions depicted within are not encouraged in reality and shouldn’t be imitated.
Image Courtesy of: The Movie Database (TMDB)
