Writing Assignment #2 The scene that I chose in the movie, The Wolf of Wall Street, took place in a diner. The main character, Jordan Belfort, is recruiting some of his hometown friends to his investment firm that would soon be called Stratton Oakmont. Jordan is a talented businessman that decided to start his own investment operation at an early age. The buddies he recruited are named Sea Otter, Chester, Robbie, and Brad. The scene starts out with Jordan talking about selling stocks. He says that everyone who is trying to buy stocks wants to get rich and they want to get rich fast. After a little argument, the rest of Jordan’s friends agree with him. They all agree that they want to make some money. Chester then makes the bold statement that he can “sell anything.” After Chester’s bold statement, Jordan tells Chester to sell him a pen. Charles backs out by asking if he can finish his food first. Jordan then tells Brad to sell him the pen. Brad accepts the …show more content…
Jordan Belfort indirectly talks about market power after Brad attempts to sell him his pen. Jordan talks about getting customers to not only want to buy stocks, but also “need” them. This idea of needing a product relates perfectly to market power. If a producer has a product in which customers need it, the producers will have much more market power. The producer will have the power to alter prices because customers won’t react very dramatically to price changes. This reaction to price changes is related to another economics term called elasticity. In order for a producer to have a lot of market power, the demand for that product needs to be relatively inelastic. An inelastic response to a price change is where consumers aren’t very responsive. This gives producers the power to change the price of their products. Any product that is a necessity is going to give that producer a lot of market
A major theme in the novel is exposing Wall Street's greed and brutality. The story begins with Solomon Brothers chairman John Gutfreund challenging board member John Meriwether to a game of Liars Poker, a card game, with one million dollars at stake. Meriwether raises his bet to ten million, setting the scene for the brutish and greed-filled novel. Once at Solomon, Lewis was first placed in the training program on the forty-first floor. The training program, as well as the rest of the floor, is mostly comprised of white men in perpetual competition with each other.
The quote evokes an image of selfishness, severe dishonesty, and overall carelessness which perfectly describes the rather shallow character, Jordan. While it may seem logical for her to keep her wrongdoings concealed, it is still immoral and shows that she has been corrupted by the desire for fame and wealth. Similar to Tom, Jordan lives life in a selfish manner, lacking concern for others. She is able to ignore her issues in order to keep her reputation, but it ultimately leaves Nick with a tainted impression of Jordan. This displays Jordan’s lack of foresight that is fostered by her nonchalant perspective on life. Then, immediately after Nick mentions how dishonest Jordan truly was, he narrates:
Furthermore, he engaged the customer with an optimistic attitude and stated how the stock could affect him or her in the best way possible. Jordan could immediately hook any client into believing what he had to offer by providing the customer with the success stories others have had under his instruction.... ... middle of paper ... ... Works Cited Belfort, Jordan. The Wolf of Wall Street.
Mackay, Tim. "The Ethics Of The Wolf Of Wall Street." Charter 85.2 (2014): 67.Web. 23 Mar. 2014.
F. Scott Fitzgerald delineated the Roaring Twenties in The Great Gatsby as “the parties were bigger. The pace was faster, the shows were broader, the buildings were higher, the morals were looser, and the liquor was cheaper.” It was the era marked by social changes and splendous parties and self-made millionaires. However, unprecedented to Fitzgerald and many of his contemporaries was that said glamourous lifestyle was built on a precarious foundation. When the stock market crashed in 1929, it put a period to the beguiling era and opened Americans to a horrid epoch. Yet, in actuality, the Stock market crash is an inexorable consequence of a time so reckless such as the Roaring Twenties. Some identified causes of the eventual crash are margin buying, overproduction of goods, and banks investing in stocks with depositors’ funds.
The Wolf of Wall Street is based on the life and also the author, Jordan Belfort. Jordan becomes discontent with his everyday life and realizes his talent for selling. As he continuously gains more money, he begins using more drugs. Way more drugs. Jordan starts his own brokerage firm named Stratton-Oakmont. Jordan hires a staff of, well, criminals to help him sell cheap stocks. They would sell all of these cheap stocks to their customers, then Belfort would buy large amounts of these stocks, running up the price, and then dump it. Finally, Jordan begins running into a lot of legal trouble as the FBI is on to the ways his brokerage firm works. Although Belfort has the FBI watching him very closely, he continues to spend huge sums of money on things such as boats, cars, houses, strippers/hookers, and last, but certainly not least, drugs. As Jordan’s already massive drug problem continues to escalate, he has to keep a very large portion of his money in a European account to hide it from the Feds. Belfort ends up going to prison for 22 months for fraud of his
Moreover, the film portrays the stock market crash of 1987 with his work eventually closing down, and him losing his job because of it. According to Goodman, Daniel Ross, “The company for which Jordan Belfort was working suffers through the Black Monday stock market crash of 1987 and lays off much of its workforce including him Belfort is fortuitously yet unfortunately provided with an opening to indulge his amoral ambitions.” The film also portrays the FBI (Federal Bureau of Investigation) starting to investigate the illegal the company Stratton Oakmont. ”But interest in Belfort’s unorthodox stock trading starts building with the FBI.” The film depicts an undercover FBI agent working at Stratton Oakmont to gather intel.
The three hour movie, The Wolf of Wall Street, is based on the real life story of Jordan Belfort, a millionaire stock-broker who’s career was full of theft, deception, and addition. The real Jordan Belfort was born in 1962 and started his rise on the stock market in 1984; he was only 22 years old. The movie The Wolf of Wall Street was released in late 2013 making nearly 400million dollars in the Box Office. The move was written by Terence Winter and Jordan Belfort and was directed by Martin Scorsese. The main stars of the movie are Leonardo DiCaprio, Jonah Hill, and Margot Robbie.
For commodity goods, consumers are more inelastic to price changes. As commodities are at affordable price, the price differences are rather small. Therefore, lowest price is not a main concern for most consumers.
The Wolf of Wall Street produced and directed by Martin Scorsese tells a story of Jordan Belfort, a stockbroker living a luxurious life on Wall Street. Due to greed and corruption, Jordan falls into a life of crime and abusive activities. Belfort made millions of dollars by selling customers “penny stocks” and manipulating the market through his company, Stratton Oakmont, before being convicted of any criminal activity (Solomon, 2013). Jordan reveals behaviours and impulses all humans have, however, on an extreme level. This movie illustrates “why ethics is another tool whose importance cannot be overstated” (Delaney, 2014). Without ethics and morality, individuals can never truly live an honest and happy life.
When demand is elastic as with Coca Cola products price changes affect total revenue. When the price increases revenue decreases and when the price decreases revenue increases. For Coca Cola if they notice a decrease in revenue they would offer products at a discount to increase revenue. They do this quite often with sales such buy 2 20 oz. bottles for $3 instead of the normal $1.89 each price
... Also important is the price of complements, or goods that are used together. When the price of gasoline rises, the demand for cars falls.
That is, it is sensitive to price change, and also to the quantity demanded. This means that if many people are consuming a good, the demand is greater than if less people are consuming the good. To further clarify, take the example of attending college. In an environment where most of an individual's peers are going to attend college, the individual will see college as the right thing to do, and also attend college to be like his peers. However, in an environment where most of an individual's peers are not going to attend college, the individual will have a decreased demand for college, and is unlikely to attend.
This movie starts off as Jordan Belfort, the main character in the movie, losing his job as a stockbroker in Wall Street. After losing his job, he goes and gets a job in a Long Island brokerage room. In the brokerage room, he sells penny stocks. Thanks to him being aggressive in his selling skills, he was able to make a profit. With the new income, he gives his wife a bracelet and she asked him why doesn’t he go after the people that can afford to lose money, not the middle-class people or lower income people. That is when he gets the idea to get a lot of young people and train them to become the best stock brokers.
Before being cultivated with cocaine and hookers as the key to success in Wall Street, Jordan Belfort demonstrated the incontrovertible advantages of positive business communications. One of which pertains to the effectiveness of corresponding with customers over the telephone. Especially for stockbrokers, having a conversation over the phone is pivotal when trying to sell a stock to a potential investor. Jordan Belfort begins his process with a potential client by stating his name, where he was from, and what he had to offer. This is a method of gaining the trust of a customer that he does not know. Furthermore, he engaged the customer with an optimistic attitude and stated how the stock could affect him or her in the best way possible. By providing the customer with onl...