There was never any doubt to the employees, nor the public, that anyone could make a ton of money by working for Stratton Oakmont. Studying the great men who came before you.Studying past events in your profession to see what it was that made other people succeed or fail.“I’m a student of history, Roland, and I’m a firm believer that he who doesn’t study the mistakes of the past is doomed to repeat them”. Said by Belfort to a Swiss “ master forger” while discussing banking laws: Study History and Learn From Past Mistakes For example, you might meet an employee of a rival firm for drinks to learn about the internal gossip going on over there. Note: While your business probably differs from Belfort’s by being legal, it’s still a good idea to gather intelligence. Using pay phones and other covert forms of communication to ensure that no one listened in on what was being said.Never speaking over the phone about past business deals.Having the office of Stratton Oakmont and the houses of the top employees swept for bugs regularly.Drafting legal documents to create plausible deniability for shady deals.Jordan Belfort carefully guarded his secrets by: Gather Intelligence on Rivals and Enemiesīelfort gathered intelligence by bugging the SEC people who were investigating Stratton Oakmont and by befriending FBI agent Jim Barsini and getting information about the ongoing investigation on Stratton Oakmont. Jordan Belfort even hired a guy to create tailor-made suits for the up-and-coming employees of Stratton Oakmont. The purpose of this was to improve their self-esteem and charisma. Dress for Successįrom day one, employees were instilled with the mantra that they had to act as if – starting by dressing well and looking the part. They were both good at different things – but together they were a great combination. Belfort was analytical and had a long-term orientation. Porush was a good enforcer –brutal enough to eat a gold fish to put employees in their place. Belfort was a highly strategic leader who specialized in delegation. Porush could fall asleep everywhere – even during bumpy plane rides. Why were Jordan Belfort and Danny Porush a good team? Because they were very different: Belfort had sleeping problems. What does this mean? That it might be a good idea to work with old friends who knew, and liked you, before you got rich and successful.īy doing this you will reduce the risk of: Becoming betrayed or backstabbed by two-faced people and making stupid decisions because you’re surrounded by yes-men who don’t give you accurate feedback. But, they were long-term friends who were fiercely loyal to Jordan Belfort. Guys like Kenny Greene and Danny Porush weren’t the smartest guys around. “And as word of this little secret began to spread throughout Long Island-that there was this wild office, in Lake Success, where all you had to do was show up, follow orders, swear your undying loyalty to the owner, and he would make you rich-young kids started showing up at the boardroom unannounced.” – Jordan Belfort 3.
The reason Belfort was able to transform young, uneducated people into charismatic stock brokers was because he was able to impart his knowledge by giving simple instructions in a way that even the most stupid employees could easily understand. While there had been other people on Wall Street who’d had the same idea, Jordan Belfort was the first person to execute on this idea.
That rich people love to gamble – especially when the gamble seems like a legitimate business opportunity.
#Wolf of wall street movie how to#
Stratton Oakmont’s initial success was based on two premises: That Belfort had come up with a way of teaching young, uneducated people how to sound like professional stock brokers over the phone.
Read on for some great insight into this motivated business man that will show you how Jordan Belfort was able to build a super pumped organization before it all came tumbling down. But beneath all the debauchery there are a number of key lessons for you to learn from the success of Jordan Belfort and Stratton Oakmont.
#Wolf of wall street movie movie#
Both the book and the movie “ The Wolf of Wall Street” contain many crazy, entertaining, and decadent stories.
0 kommentar(er)
