ASSIGNMENT ID
1013472
SUBJECT AREA Arts entertainment
DOCUMENT TYPE Essay
CREATED ON 26th March 2018

The Wolf of Wall Street Essay

Jordan Belfort is the most notorious 1990's stockbroker who watched himself earning fifty thousand dollars a year operating a penny stock boiler area from his Stratton Oakmont, Inc. brokerage firm. Corrupted by drugs, cash, and sex, he went from being an innocent twenty -- two year old at the fringe of a brand new lifestyle to manipulating the system into his infamous "pump and dump" scheme. As a stock swindler, he would motivate his youthful brokers through crazy demonstrations to rile them up as they tricked investors with duplicitous stock sales. Towards the end of the debauchery tale he was convicted for securities fraud and money laundering for which he was sentenced to twenty -- 2 months in prison in addition to recompensing 2 -- hundred million in restitution to any swindled stock buyers of his broker firm. Although his extravagant spending and berserk celebration lifestyle has been absorbed by excessive greed, he displayed both negative and positive aspects of business communications. Before becoming cultivated with cocaine and hookers because the key to success in Wall Street, '' Jordan Belfort attested the indisputable benefits of positive business communications. One of which pertains to the potency of corresponding with customers over the phone. Particularly for stockbrokers, using a conversation over the telephone is pivotal when attempting to market a stock to a prospective investor. Jordan Belfort starts his process with a potential customer by saying his name, where he was from, and also exactly what he had to offer you. This is a method of gaining the confidence of a customer that he doesn't understand. Furthermore, he participated the client with an optimistic attitude and said how the stock could impact him or her in the best manner possible. By providing the customer with onl...

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