The Wolf of Wall Street

 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.

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MORE IDEAS FROM THE ARTICLE

  • Sex matters. In all aspects of our lives, it's good to ask, "what does sex have to do with it?"
  • Sex can be as addicting as cocaine. "When our desire for 'more sex' interferes with our family or professional lives, we are looking for love in all the wrong places."
  • Many of us settle for sex when we're really looking for love.
  • There is a strong drive to be part of a male tribe.

  • The same forces that bring us together within a tribe often pit us against other tribes. "For humans there is always a selfishness at the group level. Humans nearly always put Us ahead of Them."

  •  The way we treat "them" is the way we ultimately treat ourselves. 

    Truly, what goes around, comes around.

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RELATED IDEAS

Although efforts for staff incentives by DiCaprio’s Belfort are not appropriate, he did aim to build camaraderie and reward success. 

In turn, this fostered loyalty in his team, which should be the aim of any business owner.

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IDEAS

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 more difficult.

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 Your Strategy, Then Keep At It. Belfort came up with a strategy that worked for his target demographic, and he tweaked it until it worked perfectly.
  • Train People Well. He was able to train otherwise clueless people to sound like knowledgeable and experienced stock brokers.
  • Try, Try Again. Even Belfort managed to bankrupt his own small business before he went to Wall Street.
  • Provide A Solution. As Belfort himself explained, “At a certain point, one of the questions I always ask is, ‘What is your greatest headache right now?’” Find out how you can help your customers and then do exactly that.
  • Keep Employees Happy.
  • Take Your Time if you’re offered a deal and you’re hesitant.

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