Wolf of Wall Street Boat Scene Art Work for Sale
Analysis of The Wolf of Wall Street movie
This article written by Akshit Gupta (ESSEC Business concern Schoolhouse, Master in Management, 2022) analyzes The Wolf of Wall Street movie.
The Wolf of the Wall Street (2013) is an American drama movie based on true events showcasing the life of an infamous stockbroker and trader, Hashemite kingdom of jordan Belfort. The flick shows how Stratton Oakmont, the firm founded by Jordan and his friends, was involved in a serial of big scale corruption and scams that managed to dupe people into investing their hard-earned money in penny stocks. On the marketing side, the use of high-force per unit area telephonic tactics and scripted talks has been shown as an effective measure to lure people into these scams.
Key characters in the Movie
- Hashemite kingdom of jordan Belfort: Founder of Stratton Oakmont
- Donnie Azoff: Co-founder of Stratton Oakmont
- Naomi Lapaglia: Wife of Jordan Belfort
- Aunt Emma: Aunt of Naomi residing in England
- Patrick Denham: FBI amanuensis
- Jean-Jacques Saurel: Swiss Banker
Summary of the movie
The movie starts past introducing Jordan Belfort, a 22-twelvemonth-one-time stockbroker, who has joined an investment banking company named 50.F. Rothschild, based out in Wall Street. He learns the art of generating high commissions, through his ambitious stock pitching, very quickly while working under Mark Hanna, a senior stockbroker at the firm. The unfortunate Black Monday of October 19, 1987 occurs, resulting in termination of Hashemite kingdom of jordan's chore at the banking company.
To motility forwards with his career, Jordan joins a Banality Room stock brokerage business firm in the Long Isle, named Investors Middle. The firm deals in unlisted penny stocks and pink sheets while engaging in illicit businesses with high commissions upward to l% of the traded value. In his initial chore, Jordan is made to pitch the stock of a visitor named Aerotyne, a pink sheet stock of a company based out in a small garage. Jordan is lured by the amount of potential this business carries. Using his impressive sale tactics, he makes a good fortune while working at the firm.
While eating at a restaurant, Jordan meets Donnie Azoff, his neighbour, and both of them go friends instantly. They make up one's mind to open up a brokerage business firm, named Stratton Oakmont, and recruit Jordan'due south friends equally the senior brokers at the company. Their business model relies on luring the top 1% population of America and gaining their confidence by pitching baddest stocks initially. As the investors becomes loyal to the business firm, Hashemite kingdom of jordan and his friends would sell them unlisted penny stocks, on which the company would earn high commissions. The elementary pump and dump bargain fabricated Jordan a millionaire within a short span of fourth dimension. As the company grew, the founders started living a lavish life spending on drugs and other illegal needs and also recruited more employees to expand their operations. The visitor became a large name on the Wall Street with the Forbes mag publishing an article well-nigh them. The excessive limelight brought the firm under the radar of the FBI and SEC starting to investigate the operations of the firm. Jordan brings in his male parent to oversee the banking concern accounts for his firm. To remain rubber from any problems, Jordan also hires a legal counselor to keep a check on the legal formalities.
After finding out about his extramarital affair with Naomi Lapaglia, Jordan'southward wife divorces him and soon he marries Naomi in a fancy wedding. To proceeds more popularity, the visitor decides to launch the IPO of then-famous brand Steve Madden. Jordan and Donnie together concur effectually l% of the listed stocks of Steve Maddens and when the stock becomes a success they make profits of more than $20 meg inside a day. The IPO makes the FBI more than suspicious about the house and they get-go their investigation on the same.
To continue his illicit coin prophylactic from all the authorities, Jordan decides to store it in offshore accounts in Switzerland and takes a trip for the same. Together with his friends, Hashemite kingdom of jordan meets a group of bankers led by Jean-Jacques Saurel and decides to open an account in the name of Naomi'due south aunt, Emma, who is a European passport holder. The smuggling of cash takes identify over the next few weeks and is deposited in the offshore accounts.
Jordan's individual investigator informs him well-nigh his phone being tapped by FBI agents to assemble proof confronting him. Cautious about his moves, Hashemite kingdom of jordan initially decides to step down from his company simply later changes his mind, when requested by his colleagues.
Jordan takes a trip to Italy with his wife and Donnie'south family unit and operates his business organization from there. Simply soon, the news of Aunt Emma's demise arrives and Hashemite kingdom of jordan decides to become to Switzerland via Monaco, on a yacht to safeguard his coin. The yacht is knocked over by a sea storm and the group barely escapes the incident.
Taking it as a signal of God, Hashemite kingdom of jordan decides to sober up his life and changes his lifestyle. 2 years after the incident, Jean Jacques Saurel is arrested in Switzerland in some cases unrelated to Jordan but he confesses near Jordan'south illicit business and accounts. As fate had its ain plans, Hashemite kingdom of jordan is arrested with overwhelming proofs. Jordan'south lawyer tries to cut a deal with the FBI and in return, Jordan is asked to turn upon his other friends involved in the scam. He agrees and his prison sentence is reduced to 36 months, completing which he turns into a public speaker and talks most his effective sales tactics.
Relevance to the SimTrade course
The lessons taught in the moving-picture show perfectly blends with the concepts that are taught on the SimTrade form. The picture depicts the effective use of concepts such as "Demand & Supply" and 'Market Manipulation' to generate high profits. The technique used by Jordan involves creating a need for a product in the market and building trust with his clients to sell that product. The loftier-pressure level sale tactics were at the cadre of this fraud which involved duping thousands of investors and creating an urgent demand for products that had the so-called potential to earn fortunes.
The financial frauds shown in the movie include "pump and dump" schemes which were very prevalent in the fiscal markets until a few years back. The scheme involves inflating the prices of penny stocks or pink sheet stocks to high levels and then selling them at those prices to crash the market and make huge profits. The brokers were involved in creating bogus demand for the stocks, that were otherwise worthless, and hampering the complimentary and off-white operations of the market, thereby manipulating it. The alertness and effectiveness of marketplace regulators and agencies are what helped stop such schemes to operate openly in the markets and safeguard investor's interest. Instead of working towards generating high commissions and fulfilling their ambitions, stockbrokers should engage themselves in edifice trust with their clients past keeping their interests in mind.
Almost famous quotes from the movie
Please notice beneath some quotes from the film that may help y'all to progress in your professional career:
"The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can't reach it." – Jordan Belfort
"97% of the people who quit too shortly are employed by the 3% who didn't." – Jordan Belfort
Trailer of the movie
Article written past Akshit Gupta (ESSEC Concern School, Master in Direction, 2022).
Source: https://www.simtrade.fr/blog_simtrade/analysis-wolf-wall-street-movie/
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