• Latest

The Wolf of Wall Street ****

January 7, 2014

Dirty Harry (1971)

January 21, 2021
F&W’s 2021 Conservation Camp Registration is Open

F&W’s 2021 Conservation Camp Registration is Open

January 19, 2021
Ice Fishing FUNdamentals How to Enjoy Yourself and Stay Safe on the Ice This Winter

Ice Fishing FUNdamentals How to Enjoy Yourself and Stay Safe on the Ice This Winter

January 19, 2021
This Old House

Mouse in the House

January 19, 2021

Buffalo Plaid Fundraiser to Support Local Nonprofits

January 19, 2021

Free Tax Filing at Capstone Community Action for Tax Year 2020

January 19, 2021

Leahy-Led Bipartisan Bill Promoting Affordable Health Insurance Is Signed Into Law

January 19, 2021

Vermont State Labor Council, AFL-CIO Hires First Female Executive Director, Signaling New Direction for VT Labor Movement

January 12, 2021

Vermont Mutual Distributes $1,000,000 to COVID-19 Relief Efforts

January 12, 2021
Hunters Take 6,136 Turkeys in Vermont in 2020

Hunters Take 6,136 Turkeys in Vermont in 2020

January 12, 2021
Additional Ounce, Priority Mail and Postcard Stamps Available Jan. 24

Additional Ounce, Priority Mail and Postcard Stamps Available Jan. 24

January 12, 2021
One Credit Union Donates $12K to Make-A-Wish

One Credit Union Donates $12K to Make-A-Wish

January 12, 2021
  • Home
  • Disclaimer
  • Privacy
  • Sitemap
Friday, January 22, 2021
The World Online
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
  • Home
  • News & Features
    • Local News
    • Letters & opinions
    • George Shuman
    • Max’s View
    • Local Sports & Outdoors
    • Births
    • Weddings & Engagements
  • Calendar
    • Art Exhibits
    • Calendar of Events
    • Ongoing Events
  • Obituaries
  • Submit
    • Submit Calendar Listing
    • Submit An Article To The World
    • Submit Letter To The Editor
    • Submit Sports News/Photo
    • Submit Birth Announcement
    • Submit Engagement Announcement
    • Submit Wedding Announcement
  • Advertising
    • World Rates and Ad Sizes
    • World Distribution Map
    • World Deadlines
    • Audit and Reader Surveys
    • Advertising Inquiry
  • Classifieds
    • Place Classified Ads
    • View Current Classifieds
  • About Us
  • Contact Us
No Result
View All Result
The World Online
No Result
View All Result

The Wolf of Wall Street ****

vt-world by vt-world
January 7, 2014
in Max's View
0

“The stock market is way too complicated for you to deal with. Just trust us with your life savings. We’re professionals.”

 

Sincerely, your money manager

 

 

The full service brokerage industry is an absolute scam.

 

They scare you into thinking that the stock market is an unruly beast that you can’t possibly control. And then they promise that they have found a way to tame that beast and use it to make you rich with very little risk.

 

The truth is that nobody knows for sure which stocks are going to go up.

 

And if there really is a man who can flawlessly predict the future of the market, he is probably sitting on a beach in the Cayman Islands right now, day-trading on his Mac Book Pro with a beautiful 19-year-old on each arm. He’s certainly not on the phone trying to get money out of you.

 

I am not saying that you will do great as an investor. I’m saying that if you do some research, your guess will be as good as theirs.

 

Plus, you have two advantages over a professional broker: you genuinely care about your money and they don’t. And you won’t charge yourself a fee to do the work and they will.

 

Under the best of circumstances, you are better off not paying a money manager to manage your money.

 

So imagine how foolish it is under the worst of circumstances.

 

“The Wolf of Wall Street” tells the outrageous but true story about a shameless salesman who made a fortune swindling chumps out of their life savings.

 

It was the late 80s, and Jordan Belfort (Leonardo DiCaprio) began selling penny stocks by phone. Penny stocks are shares of tiny, unprofitable companies that he sold on 50% commission. What that means is: the poor investor put in $10,000 and got $5,000 in worthless pieces of paper. And Jordan got $5,000 in cash. He was on the road to riches.

 

Along with his stock broker buddies, Jordan founded the respectable-sounding firm Stratton Oakmont so he could take his swindling to a higher level.

 

In 1993, he pulled off his biggest scam: the Steve Madden IPO. Steve Madden shoes was definitely a legit company, but the way Stratton Oakmont released the IPO was not. Jordan had his crew of brokers pressure clients to buy Steve Madden stock at an inflated price without telling them that the firm actually owned most of the shares and had bought them at a much lower price. It was immoral, illegal, and immensely profitable.

 

“The Wolf of Wall Street” is the uncensored story of real guys who bilked retirees out of their nest eggs and partied like rock stars with the loot.

 

The movie is half “Goodfellas” and half “Animal House,” with more sex and drugs than I have ever seen before in an American movie.

 

“The Wolf of Wall Street” never gets preachy. To his credit, director Martin Scorsese doesn’t demonize Jordan and buddies or portray them as villains. They simply were villains.

 

And remember: villains like this exist in real life. And they are after your money right now.

 

So don’t trust them. Invest yourself!

 

Previous Post

A Loud Cry for More Business

Next Post

Domey-Kreis

Next Post

Domey-Kreis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This Week’s Ads

  • Home
  • About Us
  • Disclaimer
  • Privacy
  • Sitemap
The World
403 US Route 302
Barre, VT 05641
Phone: (802) 479-2582

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

No Result
View All Result
  • Art Exhibits
  • Audit and Reader Surveys
  • Births
  • Calendar
  • Contact Us
  • Daily Horoscope
  • Fall Dining Guide
  • Food & Recipe
  • Home
  • Obituaries
  • Ongoing Events
  • Pay Your Bill Here
  • Senior Living Edition
  • Showtimes
  • Submit Birth Announcement
  • Submit Calendar Listing
  • Submit Engagement Announcement
  • Submit Listing to our Local Directory
  • Submit Sports News/Photo
  • Submit Wedding Announcement
  • Testimonials
  • The World Coupons
  • Weather Forecast
  • World Deadlines
  • World Distribution Map
  • World Rate Card
  • World Rates and Ad Sizes
  • Disclaimer
  • Privacy
  • Sitemap
  • About Us
  • Vermont Lottery
  • Advertising Information
  • The World Staff
  • Advertising Inquiry
  • Submit Letter To The Editor
  • Local Directory
  • Poll Results
  • Local Deals
  • Classifieds
  • Submit An Article To The World
  • Events
  • The World – This Week’s Online Digital Edition
  • The World Auto & Sports

Copyright © 2019 The World Online. All Rights Reserved. Powered by CoolerAds.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In