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"Wolf Of Wall Street" Set To Make $100 Million This Year, Warns "Greed Is Not Good"

  
Analysis, Education
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It seems crime pays… or “committing crimes, writing about them, having them adapated into a screenplay, and made into an oscar-winning movie” pays. Jordan Belfort, the “Wolf of Wall Street”, as Bloomberg reports, expects to make more money this year than he “ever made in his best year as a broker.” Having spent 22 months in jail in the 1990s, Belfort comments that ‘my goal is to make north of a $100 million so I am paying back everyone this year,” and adds some remarkably irresponsbible philosophy given the markets today and the world in which we are told we live in… “Greed is not good. Ambition is good, passion is good.” How do we BTFD if we are not greedy? 

As Bloomberg reports, Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more than he made as a stockbroker this year, allowing him to repay the victims of his financial fraud.

  

“I’ll make this year more than I ever made in my best year as a broker,” Belfort told a conference in Dubai today. “My goal is to make north of a $100 million so I am paying back everyone this year.”
 
Belfort, a motivational speaker, will use his earnings from a 45-city speaking tour in the U.S. to repay about $50 million to investors. That was his share of the fine, he said. (more…)

Favorite Wall Street Movies

  
Analysis, Education
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Wall Street Movies: After a long day at the desk, what’s more relaxing than kicking back and watching a movie about investing or trading? Here are 4 flicks for your favorite keyboard jockey:

– Eddie Murphy Trading Places ($9) Only tangentially related to trading, but filled with lots of oft quoted lines, this comedy is good for everyone.

– Wall Street ($10) Blue Horseshoe loves Anacott Steel. Dated, but watchable. Skip the 2010 version — its awful.

– Boiler Room ($6) Know a retail stock jockey? This gritty flick will show him what the bad old days were like in the land of penny stocks. A cautionary tale with a great cast.

– Wolf of Wall Street ($14) Director Martin Scorsese uses Leonardo DiCaprio, Jonah Hill, Margot Robbie and Matthew McConaughey to great effect in this tale, based on real life story, of a talented salesman seduced by fast money and penny stocks.

– Margin Call ($7) This 2011 film set during the financial crisis has already been called the greatest Wall Street movie ever made.

– The Big Short The Great FInancial Crisis gets the Michael Lewis treatment . . .

WallStreet Movies and S&P 500 :Great Correlation

  
Analysis, Education
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WALLSTREET AND MOVIES AND SPX

If you had gotten out of the market when these movies were released, you’d definitely have missed some big moves…to the upside.  Wall Street came out after the crash of ’87 in December 1987, and taking money off the table for the multi-year bull market that followed would have been a big miss.  Boiler Room came out just a month before the peak in 2000, so in this case it was a good sell signal.  

The sequel to the original Wall Street, Money Never Sleeps came out during a leg down in the current bull market in 2010, and its placement in the upper chart is a bit misleading.  Yes, filming for the movie began in late 2009, but the market bottomed in early 2009.  Whether you use the dates they began filming or the release date, Money Never Sleeps did not coincide with a peak for the equity market, and in retrospect was a great time to get in.  As for the Wolf of Wall Street?  Only time will tell, but keep in mind that unlike the other movies, it is not intended to be set in present day, instead romanticizing the heady days of the 1990s. (more…)

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