Frank Darabont movie from 1994 The redemption of Shawshank It can be everyone’s favorite film to catch TNT on a rainy Saturday, but it is not an obvious place to look for money classes. This quiet film is a meditation on the power of hope to change lives, which barely looks like a message that one can expect from financial professionals (example).
However, Andy Dufresne’s history in (and spectacular escape from) Shawshank’s state prison provides a plan for intelligent financial elections. And the story of how the film itself gained traction despite a mediocre initial reception can also teach us important money lessons.
What we see: a rock and weekly correspondence hammer
After his unfair conviction for murder, Andy Dufresne arrives at Shawshank to meet two consecutive perpetual chains. He is friends with another lifeguard, Red, who directs an illicit smuggling business. Andy asks him to get a rock hammer and a great poster by Rita Hayworth. (The film, of course, springs from the 1982 Stephen King novel, Rita Rita Hayworth and Shawshank.) Andy states that he wants the rock hammer to carve, and in fact creates small sculptures with him.
But that’s not all that uses it. At the end of the film, we learned that Andy has spent 19 years digging a tunnel through its wall with the hammer, using the poster to cover its work. Although the rock hammer is a small tool for the work of that magnitude, Andy never renounces its slow, diligent and methodical approach to escape.
Andy is equally methodical in his efforts to improve the decrepit prison library. Send weekly applications to the Maine State Legislature to obtain funds to buy used books. After years of relentless effort, Andy ensures an annual allocation of $ 500 for the prison library, granted by the state “just to shut it up.”
What we learn: Be methodical with the tools you have
Part of what makes Andy Dufresne extraordinary is his ability to take the vision in the long term. The majority of his fellow inmates are lost in sad thought in his imprisonment, but Andy sees an investment opportunity. Recognize time as a tool. He has no freedom in Shawshank, but he can take advantage of the time in a way that people abroad cannot.
By recognizing that time works differently inside, Andy can use the punishment that they have given him as a way of maintaining his hope and persisting with the projects.
Warning: This scene contains a rude language.
What we see: confront Hadley and become Randall Stephens
A few years after his time in Shawshank, while working with a crew of inmates to rent the prison roofs, Andy listens to Captain Hadley, the brutal and vicious main guard, complaining about having to pay taxes on an inheritance of $ 35,000. Andy approaches Hadley and Hadley and he trusts his wife. Hadley answers the insolent question by hurrying Andy on the edge of the roof to throw him at his death, but Andy is saved by saying that he knows how Hadley can minimize inheritance taxes.
Andy becomes the unofficial CPA for prison staff, and the years pass, Andy also begins to help Warden to wash money to use their skills with accounting. He also secretly creates a fictitious identity, a businessman named Randall Stephens. When he escapes Shawshank in the movie’s climax, he steals all the guardian’s washing money by posing as Stephens in the bank and withdraw all the battered profits.
What we learn: to know when and how to take risks
Ignoring the advice of his inmate friends, Andy risks his life to gain influence with Hadley. The only immediate reward is a case of cold beer for the roof work team. But Andy is thinking in the long term, since it is from the first moments of Redemption of Shawshank. The risky gambit leads to work that best suits their knowledge and intelligence, providing new opportunities.
Its construction of Randall Stephens is equally risky. He knows that the money he is withdrawing is washing, that Stephens does not exist, and that his absence of his cell has probably already been discovered. Although Andy never broke the law before going to prison, he does it when the person of Stephens invented.
But just like the risk of confronting Hadley, the claim to be Stephens is calculated. Andy prepares everything he needs to get the trick in advance, using his knowledge and intelligence to mitigate the risk.
The lesson? Risk taking makes sense when we are well prepared and prepared for success.
What we see: a box office pump becomes universally loved
The redemption of Shawshank Famosado at the box office, initially winning a miserable $ 16 million against a budget of $ 25 million. Although he was nominated for (and lost) Seven Academy Awards and Praise by criticsThe study had no idea how to market a study of characters established in a prison in the middle of the century and apparently the public was confused by the title of the film (certainly disconcerting).
Then something curious happened on the road to a certain darkness: The redemption of Shawshank Slowly he found his audience. But unlike many others box office failures that became cult classicsThis movie not only attracted a niche audience. In the last 30 years, it has been recognized as one of the The best films ever made and constantly leads IMDB’s favorite films list.
Just as Andy works diligently in tunnels through its wall, building the prison library, stealing the money washed money and making his best friend Red for a period of almost two decades, the film that shows the story of Andy also took his time to obtain the appreciation he deserves.
What we learn: the concept test can take time
We tend to want instant results as a culture, especially when it comes to investing, and Hollywood is one of the worst criminals. If a movie does not make an important bank in its first weekend, the studies can be willing to cancel it.
Frank Darabont, Tim Robbins, Morgan Freeman and the rest of the professionals who worked in The redemption of Shawshank He believed in him and gave everything. The dazzled initial reception must have been incredibly disappointing. But the film is much more than its first three months of income, such as ShawshankDurable popularity has demonstrated.
Honestly, we need to increase our temporal horizon for all types of investments, not just Hollywood movies.
When it comes to financial investments, rapid yields are usually the province of scams (such as the money laundering) or luck (which cannot be prepared). Andy’s example makes it clear that he must try to invest as the banker calmly and falsely condemned. He does his homework, he invests in something he believes, makes the greatest possible preparation, recognizes when to risk and use time for his advantage.
For other types of investments, from their own activities to the construction of a business, take a page of the success of The redemption of Shawshank. The correct combination of diligence and patience remains the most predictable investment strategy.
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