🎬Dive into a new era of entertainment as Hollywood embraces Web3 in #TheWolfofWallStreet NFT Experience, launching with the Polkadot parachain @AventusNetwork.
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📊TWOWSExp Poll 🐺🗽
Let's continue the week with some fun!
In which year did Jordan Belfort get a job as a Wall Street stockbroker?
The correct answer will be in our next poll.
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It's been 10 Years since the legendary
#TheWolfofWallStreet movie was released! Our partners from across #Hollywood, #Web3 and your favorite brands unite to create an iconic, cutting edge unique experience by fusing #Blockchain with a blockbuster.
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My favorite quotes after reviewing my notes on Sam Zell:
“I believe the fundamentals of business—supply and demand, liquidity equals value, good corporate governance, and reliable partners, to name a few—apply across the board.”
“When you’re a repeat player, when your world is your business and your business is your world, it’s all about long-term relationships. In any negotiation I believe in leaving a little bit on the table. And in any relationship I believe in sharing the stakes.”
“On one of my walks I discovered a newsstand underneath the “L” tracks. It was 1953, and a provocative new magazine called Playboy had just made its debut featuring Marilyn Monroe on the cover. It sold for 50 cents. I bought a copy and thought it was terrific. So I brought it home to Highland Park, where it wasn’t for sale, and showed it to my friends. One of them offered to buy it. “Three bucks,” I said. After that, I started a little magazine import business and, in the process, learned a lasting business lesson: Where there is scarcity, price is no object. This basic tenet of supply and demand would later become a governing principle of my investment philosophy.”
“Opportunity is very often embedded in the imbalance between supply and demand. It could be rising demand against flat or diminishing supply, or flat demand against shrinking supply. When there’s an imbalance, I look at where the two lines will intersect and then determine whether it is cheaper to buy or to build. Usually the answer is in acquisition, which eliminates a lot of the risk inherent in development.”
“The most reliable measure of our buildings’ value remained—and had always been, in my opinion—replacement cost. Replacement cost mattered more to me than rents or comparable prices or vacancies or economic growth or stock price. This was because replacement cost determined the price of future competition.”
“there’s no substitute for limited competition. You can be a genius, but if there’s a lot of competition, it won’t matter.”
“I often say I’m chairman of everything and the CEO of nothing. I stick to what I’m good at—vision, direction, strategy. That’s where I add the most value. I spend almost my entire day listening to other people. I ask questions, I probe, I raise possibilities.”
“I tell my kids and grandkids, “Your responsibility is to maximize the skills you were given. But whatever you decide to do, invest everything you have in it—excel. What I’ve done is not the example I wanted to set; it’s the way I’ve done it that I hope you emulate, through focus, effort, and commitment.”
And perhaps best of all…
“if you’re really good at what you do, you have the freedom to be who you really are.”