3 Things I Learned from Wall Street: Money Never Sleeps

From small and simple things, I get to learn lots of lessons just like what happened when my internet connection was acting really weird, I guess PLDT taught me some truly remarkable lessons I couldn't learn in any other ways. 

I consider myself very lucky because earlier today, my sole plan was to purchase a new headset and I happen to  pass by the SM City's theater and what caught my attention was the poster of the new Wall Street Movie: Money Never Sleeps. Since I started investing in the stock market, I have grown an appreciation and sort of addiction with anything that involves trading, investing and anything that relates to it.

It's funny that I didn't have a hard time queuing to get a ticket for the movie because there's not much people who watched it. 

Poster of Wall Street: Money Never Sleeps

If there's one thing I learned in prison it's that money is not the prime commodity in our lives... time is. - Gordon Gekko

If you haven't seen the movie, you should check out the trailer below. 



3 Things that Every Investor/Trader Must or Must-Not Posses

1. Patience
We all want to invest because we want to maximize our return of investment (ROI) and that's when greed starts to creep into our system. We want to see the profits as soon as possible, only to realize that we can't be millionaires overnight. Patience is still a virtue in this game.

2. Greed is Good.
Well, not exactly, but the product thereof which is motivation.

"Money is not the root of all evil. The lack of money is". - Robert Kiyosaki 

"Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A" - Gordon Gekko 

Though the movie may help us understand that a little greed may be healthy, it still turns out that it wasn't a complete greed at all. It was more of a motivation, determination, passion instead of just greed. When Gordon Gekko, one of the main characters of the movie mentioned that "Greed has become legal", he was referring to how the government allowed the housing rates higher and how Bill (or the Bill Clinton administration) has allowed the sub-prime lending to take place, wherein both the poor and rich could borrow money just to satisfy their debt-created wealth.

3. Love of the Family
The love of money shouldn't surpass our love for our family. When Gordon took with him the $100 Million from Winnie Gekko and Jacob "Jake" Moore, I abhor him for betraying his family's trust when in reality, he needed the money and time to fix his name. He needed the money because he's trying to do something bigger than what Winnie and Jacob combine plans.

The same is true when my aunt wants me to help out my relatives. She thought I have already forgotten about them when the truth is, I always remember just how badly I wanna help them but I am currently not in the position to. When I try to take away some money from my emergency fund and savings, I am taking away the chance of making it grow and increase.

Gordon wanted to buy time, and that's exactly what I'm trying to do now. He later went back to Winnie and Jacob and returned what he owes them. My aunt feels that I owe her for sending some money while I was still in college. I would never forget how she helped us to get by and that feeling has helped me think about how I could  assist my other relatives not just one-time but in a way that I would teach them how to fish and not just provide them with a single fish.

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3 comments:

ECONOPINION said...

nice reaction jonha...nice one...

Jeremy Campbell said...

I loved this movie and what you had to say about it Jonha. Time really is more important than money, I think we all learn this more as we get older. Say your prayers for Michael Douglas, sounds like he may not make it :(

-Jeremy Campbell

katherineliew said...

Hey lovely! Thanks for the comment & congratulations yourself! Great job to get into the top 23 :)

I really wanted to see this movie as I haven't seen the original - sounds like you took a lot out of it so I'll have to try and catch it before it stops showing!

Great to meet you!