\ I just seen the movie and all of that so called bad behavior brought back memories. It used to be a fun place but from what I heard it has been neutered and feminized. Wall St is one of the few places that people don't bullshit themselves and pretend to be something they are not.
" that Tommy Chong, while in jail, convinced stock broker Jordan Belfont to write a memoir about his story on Wall Street. That story turned out to be The Wolf on Wall Street" "As Chong describes it, the Taft Federal Correctional Institution would beat many Manhattan hotels for comfort. He says Belfortâs arrival âwas like Elvis coming to jailâ and that his roommate spent his days playing tennis and backgammon, cleverly hiring other inmates to do his chores for him. âHe would inspire salespeople to basically go rob peopleâ âWe were part of the elite gang,â Chong says, adding that for a stretch they ate meals âGoodfellas-styleâ with another famous inmate, the PGA Tour caddie Eric Larson, who was serving time related to drug charges. Larson âworked in the garden, and he grew these fresh, delicious vegetables, and he used to cook them,â Chong says. âWe had these beautiful vegetarian, healthy meals every night, and Jordan was part of the gang. We had a nice little hierarchy there, intelligent famous guys hanging out together.â
One thing about these sorts of pitches that makes me shake my head every time is the intro when they talk about how awesome it would be to have more money. WTF is that about? Are people so damn stupid they don't see a way to spend more coin to have more stuff or more adventures? Guess I need to watch the seminar - maybe he'll explain why.
At biltmore securities motivational brainwashing speeches were made one in the morning and one after the close. Daniel Porush spoke several times when i was there. Richard Bronson would walk by rip ur shirt pocket and then stuff a beni in ur pants cuz ur shirt was ugly. There was competitions to see which dumb fuck woulf eat more wasabi. After a bad new york times article on bronson...he spoke in front of the boardroom and said refering to the article...that he might be ugly, might be bald but no one could say he wasnt liquid and then threw $10,000 in bennis into the middle of the boardroom. Things like this happened weekly.
Well, I haven't seen this movie yet, but if by ''accurate'' you're talking about strippers in the office, fights breaking out, brokers intentionally and knowingly ripping people off, I can tell you that it is indeed accurate. I've seen it with my own eyes.
"...just one of 1,513 investors still owed a lot of money by Belfort. And Belfort is now trying to weasel out of his agreement to pay them $110 million in restitution -- an agreement that was part of the reason he served just 22 months in federal prison. (The other reason was that after he was arrested in 1998 on securities fraud and money laundering charges, he spent the next five years wearing a wire, ratting out friends and colleagues from Stratton Oakmont and testifying against them at trial.)" http://blogs.laweekly.com/informer/2013/12/jordan_belfort_victims.php?page=2
What a great inspirational movie. Just think if Belfort would have gone straight instead of crooked. He would have been one of the greates. No doubt about it!
Jordan Belfort swindled that money fair and square. Buyer needs to beware and as they say on Wall St "By hook or by crook" it does not matter how you close the deal. I feel that Mr Belfort should be completely let off of the hook because the people who are owned money knew the risks. Those same people should also have to pay him for teaching them a valuable lesson. If it's too good to be true it probably is!