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What’s a better way to get inspired in an enjoyable way, apart from watching a movie? We suggest you watch these 7 titles; they’ll provide you with some insight into the world of finance!
1. Rogue Trader
Image via YouTube
The true story of Nick Leeson who worked as a trader for Barings Bank and raked in the highest profits, but in a way that caused the bank to go into bankruptcy. Leeson was imprisoned for 6 and a half years in Singapore. It tells us that when it comes to business or anything financially related, there's a thin line between being aggressive and being unethical. There's no point for reckless trading and accounting.
2. The Untouchables
Image via Entertainment Weekly
It’s about a mafia boss, Al Capone, whom the FBI tries to put behind bars for serious charges like murder and fraudulent business dealings. But it was the government that finally brought him down by the simple charge of tax evasion. Yes, take your taxes seriously!
3. Margin Call
Image via YouTube
Margin Call takes place over the span of 24 hours in the life of a Wall Street firm right on the brink of disaster during the financial crisis of 2008 (caused by the subprime mortgage). You’ll learn how hedge fund companies try to reduce the risk of their losses after they invest more than the existing money by utilising margin trading.
4. Wall Street
Image via Movies & TV Stack Exchange
It’s about a young stockbroker who wants to live the crazy rich lifestyle. However, his entry-level stockbroker job can't sustain his spending spree, and he's forced to use insider trading to help pay his bills. Never spend more than you earn. Lesson learnt, hopefully.
5. The Wolf of Wall Street
Image via Vanity Fair
This movie is based on the real-life events of Jordan Belfort. It shows how he lured his clients into buying terrible stocks by promising them unrealistic profit margins. Before you step your foot into some big business, it's always good to do some research! If something seems too good to be true, it probably is.
6. The Money Pit
Image via Cinema Sips
A couple who purchased a subsale house because it was cheap, didn’t realise the repairs the house needed, and it left them with a financial burden. Always check the market value before negotiating for a property.
7. Founder
Image via The Austin Chronicle
It’s about how the McDonald's fast-food chain company started. What's interesting about this story is how Richard and Maurice McDonald lost their rights and their restaurants to one Ray Kroc.
What can you learn?
This is a great movie for all aspiring entrepreneurs. The number one lesson that we can get from this movie is the importance of a legal agreement at all times!
Info via Loanstreet.com.my
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