About The Author...
Permit me to introduce myself. My name is Warren Arthur. I have spent the better part of the last 25 years on Wall Street in New York City. During my career I have worked for firms such as Lehman Brothers and Drexel Burnham Lambert (during the reign of Michael Milken).
I started as a stockbroker. Over time I moved into management. I have interviewed, hired and trained many successful stockbrokers. Some went on to become partners in their own firms. Others became division heads and supervisors. Most are making six figure annual incomes. Others are earning millions of dollars annually.
During the interview process I look for two primary characteristics:
#1: Does the person being interviewed strike me as being fundamentally honest?
#2: Does the person being interviewed exude enthusiasm... a willingness to go the extra yard?
All other factors, including education and prior business experience are secondary considerations, not only for me, but also for many others who are in a position to make hiring decisions in our business!
I started in the spring of 1982. At that time we were in the full throws of a BEAR MARKET! The prime rate at most banks was near 20%. Inflation had been running near 10%. AAA rated municipal bonds were paying as high as 16%. NOBODY wanted to be in the stock market, which had been in a bear phase for more than a year. The Dow Jones Industrial Average had been declining from a high of near 1,000. By August of 1982, the Dow hit a low of 776 (that's seven hundred seventy six). As the market lifted off it's low in the summer of 82 we had our first ever 100 million share day on the NYSE.
Contrast that with today. As of this writing, Thursday, September 18, 2008, The Dow Jones Industrial Average closed at 11,019.65, up 410.03. Volume on the NYSE was nearly 2 1/2 BILLION shares. Also, the Nasdaq composite closed at 2,199.10, up 100.25 on volume of more than 1.1 BILLION shares.
Would you like to see how all this could translate into big $$$ in YOUR pocket? If you answered "YES" click NEXT!