Top Most Memorable Boiler Room Quotes and Full Story..
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Boiler Room released on 18 February 2000 Director: Ben Younger, Box office: 2.8 crores USD an American drama movie based on financial crimes that take place through various stock brokerage houses across the globe. As defined by U.S. Securities and Exchange Commission (SEC), “the name Boiler Room refers to large-scale operations designed to lure in as many investors to an investment scam as possible, often using high-pressure sales tactics. Boiler room scheme operators may cold-call investors or solicit investors through emails, text messages, social media, and other means.” The movie gives a very good perspective of how greed clouds the thought processing ability in many investors and gives rise to such schemes. In this article you can read about Top Boiler Room Quotes and Full Story with full information.
Welcome to the infamous “boiler room” — where twenty something millionaires are made overnight. Here, in the inner sanctum of a fly-by-night brokerage firm, hyper-aggressive young stock jocks peddle to unsuspecting buyers over the phone — and are rewarded with mansions, Ferraris and more luxury toys than they know what to do with. In this unassuming Long Island enclave, Gen Xers chase the green at breakneck speeds, sometimes one step ahead of the law.
“Boiler Room” tells the story of a 19-year-old named Seth who makes a nice income running an illegal casino in his apartment. His dad, a judge, finds out about it and raises holy hell. So the kid gets a daytime job as a broker with a Long Island, N.Y., bucket shop that sells worthless or dubious stock with high-pressure telephone tactics. When he was running his casino, Seth muses, at least he was providing a product that his customers wanted.
Summary of the Movie Boiler Room Quotes
The movie starts by introducing Seth Davis, a young college dropout from Queen’s College, who makes a handsome income by running an illegal casino in his home for college students. When his dad, Marty Davis, a federal judge, finds out about his son’s misdeed, he expresses his disappointment to him. In order to get things right with his father, Seth takes the job of a daytime broker at a stock brokerage firm named J.T. Marlin, situated on the expressway outside the New York City. The firm uses high-pressure telephonic sale tactics by cold calling people to convince them to invest their money. On the day of his interview, Seth is introduced to Jim Young, a co-founder at the firm. Jim explains the work Seth is expected to do and, recruits him as a stockbroker trainee. Seth starts making a good living from the firm and also wins his family’s support. Within 3 months of joining the firm, Seth clears his series 7 Exam and closes 40 new clients, becoming a well-recognized broker in the firm.
But, Seth senses the illicit nature of the business J.T. Marlin has been carrying out when he finds out the commission the brokerage firm has been earning is twice the legal limit as per SEC. When he asks his co-workers for the same, no one is able to provide him with a legitimate answer. Let’s read about Boiler Room Quotes which can really inspire you.
Top Boiler Room Quotes
I ran casino. I’ve got to figure what I’m going to do next because I’m not a lottery winner. I tried “slinging crack rock” and I never had a jump shot, I’ve got to find a job. Boiler Room Quotes
“What do you mean, you’re gonna pass. Alan, the only people making money passing are NFL quarterbacks and I don’t see a number on your back.”
“There is no such thing as a no sale call. A sale is made on every call you make. Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made.”
“I read this article a while back that said that Microsoft employs more millionaire secretaries than any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this photograph of one of the groundskeepers next to his Ferrrari.” Boiler Room Quotes
“Looking back the casino was the most legitimate business I had running, I looked my customers in the eye and I provided a service they wanted, now I don’t even look my customers in the eye and I push them something they never asked for.”
“- Greg Weinstein: There’s two rules you have to remember as a trainee, number one: we don’t pitch the bitch here.
– Seth Davis: What?
– Greg Weinstein: We don’t sell stock to women.” Boiler Room Quotes
Viral American Beauty Quotes, Full Story.
Broker: I know you’re not standing on your front porch with a bag of money waiting for me to call you. But I’m not some 18-year-old selling a cure for AIDS. I’m 46 years old, I have 22 years market experience, I know this business. So pick up your skirt, grab your balls, and lets go make some money
Jim Young: And there is no such thing as a no sale call. A sale is made on every call you make. Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made, the only question is who is gonna close? You or him? Now be relentless, that’s it, I’m done. Boiler Room Quotes
Jim Young: There’s an important phrase that we use here, and think it’s time that you all learned it. Act as if. You understand what that means? Act as if you are the fucking President of this firm. Act as if you got a 9″ cock. Okay? Act as if.
You become an employee of this firm, you will make your first million within three years. I’m gonna repeat that – you will make a million dollars. Boiler Room Quotes
Inspirational Adoptive Parent Quotes, Must Read For Motivation
And there is no such thing as a no sale call. A sale is made on every call you make. Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made, the only question is who is gonna close? You or him? Now be relentless, that’s it, I’m done. Boiler Room Quotes
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