Posts tagged Nasdaq

“Exercise in Excessive Excess”

“Hotshots” looks at a movie!

The Wolf of Wall Street was directed by Martin Scorsese and stars Leonardo DiCaprio based on a 2007 memoir of the same name written by Jordan Belfort.

DiCaprio plays Belfort himself.

Right at the beginning of the movie Jordan says, “I always wanted to be rich,” and we see him at the start of his career as a licensed stockbroker for a big firm on Wall Street.

Matthew McConaughey plays his mentor at the firm, and he tells Jordan, “The name of the game is to move the money from your clients’ pockets into your pocket.”

Unfortunately, Jordan’s first day as a broker was October 19, 1987, the biggest plummet of the stock market since the 1929 crash, and Jordan was out of a job before he even got started.

Jordan believes that Wall Street swallowed him up, but he finds a job with a tiny firm that sells penny stocks and is surprised to learn that he receives a 50% commission on his sales whereas his previous job would have paid him only 1%.

So, Jordan is selling garbage to garbagemen, as he puts it, and he begins making money hand over fist, so much so that one day in a restaurant he attracts the attention of Donnie Azoff, played by Jonah Hill, and Donnie tells Jordan that if Jordan can prove how much money he is making, Donnie will quit his job right there over the phone and come work for Jordan.

Donnie does, they start their own company with some misfit salesmen, and Jordan teaches them how to sell penny stocks to rich people.

The firm becomes highly successful from practices that are not always entirely legal, Jordan meets and marries a beautiful woman named Naomi, and drugs, wild parties, prostitutes, and naked women become a large part of everyone’s lives in and away from the firm.

And, of course, they attract the attention of the FBI, which starts investigating Jordan, Donnie, and their brokerage firm.

So, the merry band of brokers go through the intricate and illegal process of moving their money into Swiss bank accounts, but of course everything doesn’t go according to plan.

Nothing ever does in the movies, does it?

The Wolf of Wall Street might be too rough for many people’s taste and is just an exercise in excessive excess.

I’m Dan Culberson and this is “Hotshots.”