The Wolf of Wall Street

1300 Words6 Pages
Jordan Belfort is the notorious 1990’s stockbroker who saw himself earning fifty million dollars a year operating a penny stock boiler room from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, money, and sex, he went from being an innocent twenty – two year old on the fringe of a new life to manipulating the system in his infamous “pump and dump” scheme. As a stock swindler, he would motivate his young brokers through insane presentations to rile them up as they defrauded investors with duplicitous stock sales. Toward the end of this debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty – two months in prison as well as recompensing two – hundred million in restitution to any swindled stock buyers of his brokerage firm. Though his lavish spending and berserk party lifestyle was consumed by excessive greed, he displayed both positive and negative aspects of business communications. 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... ... middle of paper ... ...you in your past, you are not your past, you are the resources and the capabilities you glean from it. And that is the basis for all change.” In conclusion, learn from your mistakes, remember what talents got you where you are today and success will eventually come along the way. Works Cited Belfort, Jordan. The Wolf of Wall Street. New York, NY: Bantam, 2007. Print. The Wolf of Wall Street. Dir. Martin Scorsese. Perf. Leonardo DiCaprio, Jonah Hill, Margot Robbie, and Matthew McConaughey. Red Granite Pictures/Paramount Pictures, 2013. Film. "Jordan Belfort Biography." Bio.com. A&E Networks Television, n.d. Web. 15 Feb. 2014. "Jordan Belfort Quotes." Jordan Belfort Quotes (Author of The Wolf of Wall Street). N.p., n.d. Web. 13 Feb. 2014. Flatley, Marie, Kathryn Rentz, and Paula Lentz. Business Communication. New York: McGraw Hill/Irwin, 2012. Print.
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