After the members of PMF joined our class and told us about what the Portfolio Management Fund program is all about, I became very interested in Wall Street. I wanted to know what it was like working at Wall Street and what kind of stuff goes on there. After browsing the internet looking for information, I stumbled upon a very interesting article about the “Wolf of Wall Street.” I knew that it sounded familiar and after googling it, I saw that there was a movie set out to be released based on the story of the “Wolf of Wall Street.”
The real “Wolf of Wall Street” is a man named Jordan Belfort, who was arrested for stock market manipulation and selling questionable stocks to investors. He spent 22 months in prison and is now a motivational speaker. Belfort mentions how he isn’t really a bad guy but instead how Wall Street brings out the greed in some people. In his interview he states how after a while “everyones just a number” and this really showed me a different side of Wall Street. It made me second guess my interest in wanting to work there because that lifestyle isn’t cut out for everyone. Some people are not able to control their own greed and end up doing immoral/illegal things just to make more money. In my opinion, in order to work on Wall Street you need to be ethical to a certain extent. Otherwise you will end up making mistakes similar to the ones Jordan Belfort made and later regretted.
Article Links:
http://www.businessweek.com/articles/2013-11-07/jordan-belfort-the-real-wolf-of-wall-street#r=hp-ls
http://www.cnbc.com/id/21114268
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