Assessed Blog 5 How to become a wolf of Wall street

Assessed Blog 5 How to become a wolf of Wall street

In this week,l watched a film called “THE WOLF OF WALL STREET” which is on the background of American finance center-wall street.Jordan Belfort,the legend of wall street who is acted by Leonardo DiCaprio,showed his business life from glorious to downfall with fraud and drugs.

The film describes the Jordan Belfort,,was start his career as a wall street stockbroker in L.F Rothschild where he employed under Mark Hanna.With the black Monday,the job was terminated.And he find a another job in Long island for selling penny stocks, he gained a lot through that,with the excellent eloquence and strong ambitious ,he start his own chip,found their own company called “Stratton Oakmont ”where create a miracle for gaining 12milliom dollars in 3 minutes.Finally,his job has ended with his crime of financial fraud and arrogant.

It is a kind of biographical black comedy crime film which full of drugs and exaggerate things.But there still many interpersonal skills and knowledge through finance area has inspired me a lot,especially for Jordan Belfort,gaining 12 million dollars in 3 minutes!How a man build up with nothing to become a legend of the American financial center.

Psychological battle

Everyone have a dream to become a millionaire and every rich man want to gamble for gaining more.Belfort use this psychology to make their business step into success.More importantly,they know how to create demand for their customer.l remember in the film,Jordan want one of his friend to sell a pen to him,his friend ask him,please sign your name for me,but he didn’t have a pen,so he need to buy one.That impressed me a lot is that we need to create and help customer realize what they want.When Jordan in Long island to sell a customer a penny stock,he not only decorate the stock,but also make the customer know they need money to pay their mortgage,to raise their children,they give them the pressure to make them understand they need money now which accelerate the deal.

Extraordinary communication skills

In 1987,such stock deal are achieving by telephone,how to make people trust you and attract by you in just 5 minutes talk.That is a great deal of knowledge.Obviously,Jordan handle it very well. “You mailed my company a post card for a few weeks back,requesting information on Penny stock that had huge Upside potential,with very little down side risks.Something just come across my desk,John,it is a packs is the best thing I’ve seen in all last 6 month Aeronautic International, it is a cutting edge high tech firm,Out of mid west.Awaiting imminent path approval,on the next generation of radar detectors that had both huge military and survilliance application .Your profit,on a mare $6000 investment,would be up to Sixty!----Thousand!----Dollars!”It is what he said to a penny stock buyer,not hard to find that how much attraction in this short words,a huge upside potential company,best thing l have seen in last 6moth,the inside information,6000dollars for sixty thousand bonus!!You can image a person who have a billionaire dream heard that news will be such a big temptation to him.

Diversify competence

Of course,it is not only Belfort who led the company to success.He also has a real royal and emotional teammates.They are perfect complementary with each other.Just like Belfort and his friend Porush.They were totally different person.Belfort had sleeping problems. Porush could fall asleep everywhere – even during bumpy plane rides. Belfort was a highly strategic leader who specialized in delegation. Porush was a good enforcer –brutal enough to eat a gold fish to put employees in their place.Belfort was analytical and had a long-term orientation. Porush was emotional and short-sighted.hey were both good at different things – but together they were a great combination.

Strong corporate culture

Except for the brilliant interpersonal skills showed by Belfort.He also create a enticing company culture.Maybe the culture in Stratton Oakmont is a little exaggerate and luxury,but it is easy to addict in your job and get motivated in such company atmosphere.The first thing is to establish a concrete reputation,like Belfort said in once speech“The very idea of Stratton is that it doesn’t mais first year. Anything less and he was suspect. By year two you were making $500,000 or you were considered weak and worthless. And by year three you’d better be making a million or more or you were a complete fucking laughingstock”Every employee want to earn more in the company,such motivation can meet altter what family you were born into, or what schools you went to, or whether or not you were voted most likely to succeed in your high-school yearbook. The idea of Stratton is that when you come here and step into the boardroom for the first time, you start your life anew”Try to imagine when a young people who possess a emotional heart in their career lives and he saw such a speech.He may think that it is the place that they want to work for.The second thing is to make expectation for their employees”A rookie stockbroker was expected to make $250,000 hl their needs and expectations,it can make your employee have the same congruence,work more efficiency.

On conclusion,”The wolf of wall street”is really a great movie that deserve us to appreciate.Undoubtedly,Leonardo’s performance was awesome.In my opinion,the core purpose of this film is not only tell us about the theory knowledge about the stock market in 1987 America,but focus on how we should behave in the workplace,what should we get,what should we avoid.l believe we should always keep confidence,you need to get well with your friend and workmates,always keep cautious and curious,to learn experience from your predecessor and to remember,money is necessary bu t it is not everything,do not be greedy.