People Who Work On Wall Street Essay

In a speech by Mary Elizabeth Lease, “Wall Street Owns The Country”, she mentioned that this nation is a nation of inconsistencies. The main things she wanted to state was the nation’s economics and political woes because of the government was ruled based on the monetary value by wall street that cause people to suffer. Furthermore, she said that the welfare of the people was no longer considered by the government as a priority but money was. Most of the actions made by the government did not benefit people anymore. The government asked people to go to work and raise a big crop. So the people did as the government said, but the crops were still not enough because the people were “overpopulated”, according to the government. Therefore, people

Most people, when asked, say that a person is intelligent if they have “book smarts.” People that are book smart can write and converse about subjects taught in school. On the other hand, people with “street smarts” aren’t seen as intellectuals because the subjects they are knowledgeable about are not traditional. In his essay called “Hidden Intellectualism,” Gerald Graff insists that schools and colleges are missing an opportunity to translate street smarts into academic work.

Mike Rose, research professor and author, argues in his article “Blue-Collar Brilliance” that working-class citizens have often been overlooked in terms of intelligence, but that they hold a great deal of skills and ideas they gain from their respective lines of work. Rose describes several jobs considered to be clue-collar and evaluates and describes the intelligence that is required and also how they apply it. Rose assesses each job and explains to readers why each job holds a level of cognitive sense. Though it is commonly thought that blue collar workers hold less intelligence due to their lack of schooling, Rose defends this idea with bold arguments.

In his essay “Hidden Intellectualism”, Gerald Graff argues that street smarts are much more important as school smart. Graff explains how many people are street smart, but do not perform well in school. The street smarts are the ones who are focused on sports or entertainment and the school smarts are the ones who love books and are into their academic lives. He believes students who are in school need to read literature to become more intellectual. Graff believes schools should encourage the street smarts and make them have more focus on their academic work.

I agree with the idea that street smarts are more intellectual than book smarts, and that students individual interests can be more effective than typical learning material. In the text, Graff uses the

Summary of Mike Rose’s “Blue-Collar Brilliance” “Blue-Collar Brilliance” by Mike Rose is a reading that explain the different intelligence of the employees in a common job. Like the intelligence of a waitress or foreman and how they perform their work. In the reading, Rose describe the different task that his mother and his uncle do every day in their work. In addition, he stated that every job use cognitive thinking.

In the essay titled “Blue Collar Brilliance” author Mike Rose argues that many fields of work involve using a high amount of mental cognition to work efficiently and effectively, including working class occupations. Rose gives two anecdotes of personal family members who used their “blue collar brilliance” to succeed in their respective fields of work. While many people are quick to assume less schooling for a career requires less intelligence, Rose shows how even manual labor can use a high amount of intelligence with a story of his uncle who was promoted from an entry level line worker to a supervisor for a whole department. The employees who use their intelligence and cognition are the ones who are accomplished and promoted even if they

The Glass Steagall Act was passed on 1933, which is also known as The Banking Act to tighten regulation on the way banks did their business. This act was written as an emergency measure when about 5,000 banks failed during the Great Depression. Banks mostly failed because of the way they would invest with money. The act prohibits banks from investing money on investments that turn out to be risky. Banks could no longer sell securities or bonds. The act also created Federal Deposit Insurance Corporation (FDIC) to protect the deposits of individuals, which is still used to this date. The FDIC in this era insures your deposits in your bank up to $250,000. This gave the public confidence again to deposit their money in the bank. In 1933

Wall Street is an extremely useful tool for the American economy. It helps those who are in the lower part of the social ladder by giving them a chance to climb the ladder of economic opportunity. Wall Street also helps boost other industries within America, thereby making it vital for the American economy. As Wall Street is one of the most important financial institutions in the world and provides more positive aspects for the economy than negative ones.

homeless, and that she has sleep in her truck. Barbara notes that the employees show a tremendous amount of generosity that frequently goes unnoticed amongst others. For example, they let her have extra croutons as compared to six that the restaurant strictly allows along with extra rolls (Serving in Florida). Gail informs Barbara that she is thinking about taking up a room at the local Days Inn for $40 to $60 a day where upon Barbara asks why not an apartment? Since her income is so low, she can’t even afford the two month down payment (“Serving in Florida”). Corporate greed is so excessive, it makes it immensely difficult for people to simply live a comfortable lifestyle.

The year Jordan Belfort turned 26 he made $49 million, three shy of a million a week. However, he made most of this money illegally. Belfort is most known for his book which turned into the movie “The Wolf of Wall Street”, where he is portrayed by Leonardo DiCaprio. Success was all Belfort wanted, and in his mind achieving success meant attaining money. Jordan Belfort’s desire to be the best drove him to commit illegal actions. These included fraud, money laundering, and using massive amounts of drugs. This ultimately led to the consequences of 22 months in prison and repaying millions of dollars back to investors.

There is a sense of complexity today that has led many to believe the individual investor has little chance of competing with professional brokers and investment firms. However, Malkiel states this is a major misconception as he explains in his book “A Random Walk Down Wall Street”. What does a random walk mean? The random walk means in terms of the stock market that, “short term changes in stock prices cannot be predicted”. So how does a rational investor determine which stocks to purchase to maximize returns? Chapter 1 begins by defining and determining the difference in investing and speculating. Investing defined by Malkiel is the method of “purchasing assets to gain profit in the form of reasonably

Within their jointly authored case study entitled Deep Smarts, Harvard professors Dorothy Leonard and Walter Swap seek to quantify the intangible set of intellectual abstractions which combine to form the foundation of extreme competence in an employee. Citing that rare but harmonious connection between "raw brainpower" and "emotional intelligence," Leonard and Swap posit the existence of "deep smarts," which they define as "the stuff that produces that mysterious quality, good judgment" (2004). Seemingly an amalgamation of human attributes which aid in decision making and critical judgment, deep smarts would appear to be the highly functioning union of intuition, instinct, intelligence and insight. The authors base their conception of deep smarts on the value of firsthand experience, by noting repeatedly that deep smarts are "based more on know-how than on facts; comprising a system view as well as expertise in individual areas" (Leonard & Swap, 2004). According to the authors, most corporations and large-scale organizations have members, from executives to temporary employees, who possess deep smarts through the "judgment and knowledge - both explicit and tacit - stored in their heads and hands" (Leonard and Swap, 2004), but these valuable assets are routinely overlooked and underutilized. The purpose of the case study is to present managers, and others responsible for maximizing an organization's efficiency, with viable methods for identifying those employees with deep

and in theory, make profitable for the long run. It becomes harder for Larry to

In 1985, Bud Fox is a young stockbroker in New York City at Jackson Steinem &Co. He wants to become bigger and better and work with his hero Gordon Gekko, a legendary Wall Street player. He became so obsessed with working with Mr.Gekko, that he called his office 59 days in a row in hopes to get through to him. Since that didn’t seem to work, he decided that he would approach it a different way, and go and pay him a personal visit with a birthday gift, Gekko’s favorite Cuban cigars. With Mr. Gekko being impressed by Fox’s boldness, he offers to listen to his pitch.