Sacrificing money or success - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Sacrificing money or success

Be careful about what you are sacrificing for money or success. Jordan Belfort became an entirely different person once getting involved in Wall Street. He hurt the very people that he cared about and who cared about him.

It can be tempting to make bad decisions for instant gratification. The most successful entrepreneurs are the ones that are able to avoid these impulses.

4

STASHED IN:

146

MORE IDEAS FROM THE SAME ARTICLE

Sometimes it makes sense to quit while you are ahead. Jordan Belfort had an opportunity to step back and walk away from the negative company culture. He let the comradery and the instant gratification outweigh the right decision to let someone else take over as CEO.

Sometimes, the best c...

... because of past issues.

Jordan Belfort took a chance on a handful of employees that were in dire situations. Despite past misconduct or lack of experience, he looked at personality and work ethic when making decisions.

As a result, he hired many of the "wrong types" of people. Th...

Belfort and Stratton Oakmont made so many crazy decisions. While they paid the consequences for those choices, and this is by no means worthwhile, they also had a ton of fun.

Running a company is extremely challenging. Therefore, it is crucial to enjoy the journey. Constant stress just makes it...

Belfort's employees worked extremely hard due to Stratton Oakmont's culture. This effort led to high output and a high standard of work. On the other hand, people made moral sacrifices for achievement.

When there is such a high degree of intensity, especially with money involved, people ...

... means they will do anything for your company.

Belfort had strong individual relationships with his employees, outside of the context of work. This led to more respect for him and a higher willingness for employees to make sacrifices for the company.

Social gatherings are a great way to build company culture. Stratton Oakmont was extremely creative about the events that they had. These activities created a stronger bond between people at the company and offered a fun, social outlet.

Company get-togethers do not have to be as morally ...

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

 The Wolf of Wall Street

The film stars Leonardo DiCaprio as Belfort, a New York stockbroker who runs a firm that engages in securities fraud and corruption on Wall Street in the 1990s.

STASHED IN:

80

Top business lessons to take away

  • Have a vision in mind, and let that steer your decisions. Belfort didn’t get rich by accident.
  • Sell Yourself. Belfort acted powerful and wore fancy suits, and people saw him as confident and successful. 
  • Find A Specialty.
  • Adjust And Perfect You...

3

STASHED IN:

157

The Wolf of Wall Street film

Leonardo DiCaprio plays Jordan Belfort, the infamous Wall Street stock market guru who built an incredible fortune selling penny stocks and laundering money, before facing the wrath of the FBI, prison time and millions of dollars in fines.

DiCaprio’s character can teach us a few things about th...

9

STASHED IN:

180