Boiler Room (2000)

Nicky Katt: Greg Weinstein

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Quotes 

• Greg Weinstein : [during Seth's orientation]  Now 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. I don't care who it is, we don't do it. Nancy Sinatra calls, you tell her you're sorry. They're a constant pain in the ass and you're never going to hear the end of it alright? They're going to call you every fucking day wanting to know why the stock is dropping and God forbid the stock should go up, you're going to hear from them every fucking 15 minutes. It's just not worth it, don't pitch the bitch.

• Greg Weinstein : I hope this is better than the last batch of shit you gave me. Produced more wood than Ron Jeremy. I don't want you to yell, "Reco!" anymore. Know what you should yell? "Timber!" Yeah, Mr. Fuckin' wood. I hear you fuckin' makin' your calls. It's bullshit, all right? I mean if you want them off the phone so bad, why don't you just hang up? You should get them excited. You know, excited? They should beg for a broker on the first call.

• Greg Weinstein : [while on the trading floor]  Don't you have a canoli you can stick in your mouth?

  Chris Varick : Don't you have a menorah you could shove up your ass?

• Greg Weinstein : Hang up. Hang up the phone.

  Seth Davis : Thank you. That's nice for you to do that for me.

  Greg Weinstein : First of all, there's gonna be a lot of these regardless of how good you are but you happen to suck big fat ass rhinoceros dick.

  Seth Davis : Well, thank you. That's confidence inspiring.

• Greg Weinstein : [to his team]  As you all know there's going to be a lot of heat coming down from what Farrowtech did yesterday so be smart on the phone, calm people down, the stock's dropped eighty six percent from yesterday's close. I don't want people dumping their shares

• Seth Davis : [Meeting privately in Michael's office]  I want to talk to you about a client of mine, his name is Harry Reynard

  Michael Brantley : I don't know him

  Seth Davis : I think you should because we're about to lose him, he dropped fifty thousand on Farrowtech this weekend alone

  Michael Brantley : And you want to do what?

  Seth Davis : I want to keep him here by giving a chunk of the Med Patent IPO

  Michael Brantley : We don't have out IPO's to someone who just had a bad day on the market

  Seth Davis : Michael, this guy is a fucking whale and he's going to do an obscene amount of business with this firm

  Michael Brantley : And you're somehow just sure of this?

  Seth Davis : Yeah, he completely trusts me, he doesn't even need the money, he owns the biggest foods company in Wisconsin, he just want to know we're going to do ripe on him

  Michael Brantley : How many trades has he made?

  Seth Davis : Two, but he made a second trade a week after I opened him, the guy's pretty sour on Farrowtech and he's going to walk, I think we should make him a little money on this next IPO and let him take it for a ride

  Michael Brantley : What did Greg say?

  Seth Davis : He was busy closing somebody, I didn't want to bother him

  Michael Brantley : Well, go get him

  Greg Weinstein : [Greg walks in]  look, I don't know what he's been telling you, but I've had it with this shit, this is a business, the point he should be on the fucking phone, not in here bitching about personal petty between him and I

  Michael Brantley : Seth was talking about giving Med Patent IPO to Harry Reynard

  Greg Weinstein : No, first of all I don't even know this Harry Reynard, no way he's totally unreliable

  Michael Brantley : The guy dropped fifty thousand on Farrowtech this week

  Greg Weinstein : That's great Michael because I have a list of clients that deserve some IPO than this fucking guy, clients that have been with me for than six months, have taken heavy losses and continued to trade with me

  Seth Davis : Yeah and he's one of them asshole

  Michael Brantley : What do you mean he's one of them?

  Seth Davis : He's one of Greg's clients, I opened him when I was closing my forty accounts for you, I'm just his contact, his your client, I'm not going to make a dime off this trade, no wonder the guy's pissed off, his own broker doesn't know his a fucking client

  Michael Brantley : Fine, give him ten thousand shares, he just can't sell it before we say so

  Seth Davis : great

  Michael Brantley : no joke Seth, he cannot sell it before we sell it, at least six months

• Adam : [Exchanging money for poker chips]  Give me four hundred

  Greg Weinstein : What about the betting?

  Seth Davis : What were you thinking?

  Greg Weinstein : I don't know, five hundred max?

  Seth Davis : We don't usually service that level of action but I hate to turn away a new customer the thing is we might not have enough cash to settle you at the end of the night.

  Greg Weinstein : That's ok you can just pay me tomorrow

  Seth Davis : How much you want?

  Greg Weinstein : [Tosses a roll of cash on the table]  Five dimes

  Adam : You had to do it, make me look like I'm at the kiddie table

  Greg Weinstein : [to Adam]  "The shoe fits,"kid

  Seth Davis : [to Greg]  What denomination?

  Greg Weinstein : [to Seth]  How about three Puerto Ricans, two chinks and a Guinea? I don't care, mix it up, whatever you want.

• Greg Weinstein : [to Seth]  I'm going to be honest with you, I think you're running a good business and you're a smart kid, pulling in some real cash but I have to tell you this is a risky fucking business, are you honestly planning to deal cards to college kids when your fucking thirty five? You don't think you're going to get "pinched" in the next few years? Maybe it's about time to think further down the line.

• Greg Weinstein : [during Seth's orientation]  These are the client cards, these are our leads every one of these people buy stock, your job is to call them and get them interested in the firm, you're not actually selling stock but you're selling them a "dream" so get them "wet", a month from now a senior broker will call them back with an idea,

  Seth Davis : wait so who are these people?

  Greg Weinstein : they're average clients, forty five years old from the Midwest one hundred fifty thousand dollar income one million net, has a local broker but loves a hot shot New Yorker who sounds good on the phone, the cards not going to tell you any of that, it only has their name, address, and occupation so you got to feel them out, the truth is, it doesn't even matter where the DOW is right now, everybody wants a piece of the market, I can anyone, anytime, anywhere in the country, just give me a phone number, once you qualify the guy you send him a press packet it'll all be real easy and get you comfortable on the phone which is key, this entire business revolves around the phone, "play the numbers", this is a contact sport meaning the more people you contact the better you'll do a good broker makes over seven hundred calls a day

  Seth Davis : wait what's the phone bill like here?

  Greg Weinstein : this month was approaching four hundred thousand dollars, even though you're not selling stock I want you to memorize the quota we have here, did you see the movie Glengarry Glen Ross?

  Seth Davis : Yeah

  Greg Weinstein : You remember A.B.C.?

  Seth Davis : Yeah, Always .Be. Closing

  Greg Weinstein : that's right,Always .Be. Closing "telling's not selling", that's the attitude you want to have, the second rule you have to remember as a trainee "don't write wood" a lot of trainee are anxious to get off the phone that they steam roll the guy into getting him the press packet so they can hang up, then I call back a month later and say "hi you spoke to a junior associate of mine" and the guy says "I'm not interested", that's a shitty lead, that's fucking wood, the info we send is bullshit, the most important of the call is that is telling them you that one great idea and that a senior broker is going to call them back in a month we don't want our clients to think we're pitching them something we read in the Wall Street Journal, if the guy wants to buy stock right then, you want to go into each call expecting just that, if someone wants a recommendation you put the guy on hold, stand up and yell "Reco" at the top of your lungs, first senior broker gets on the phone, he gets the sale. I have this friend at another firm, he hands this book to all his new trainees, it's called "Rebuttal Book, it has a rebuttal for any excuse like "my wife won't let me", "I'm not in the market right now", "send me a prospects, that's all stuff you're going to have to learn later, the most important thing you need to know right now is, you can be whoever you want, change your last name, say you're the vice president who cares? Do whatever you got to do to get the guy on the line

  Seth Davis : Wait how could I do something like that? Isn't there a compliance officer here?

  Greg Weinstein : Everybody does that shit, even on Wall Street are you talking about John over there?

  Greg Weinstein : [they both look at John sitting in his office] 

  Greg Weinstein : the guy's a fucking chimp, the only "compliance" work his doing is making sure my lunch is still hot when it gets here, his only here because the FCC requires it, it's the easiest job in the world.

  Greg Weinstein : [jokingly]  look I think his actually masturbating right now

• Seth Davis : [referring to the amount of stock he sold to Dr. Jacobs]  Why'd you put a max on his buy?

  Greg Weinstein : [to Greg]  You didn't tell him how it works?

  Greg Weinstein : His trainee he doesn't need to know initial sell limits

  Greg Weinstein : [to Seth]  Make sure he shows you the ropes his too busy calling his bookie, fucking Hebrews always looking out for themselves and not the trainees, the reason I capped him is in case if his a piker, so we're go ahead and front the money for this sale and if he doesn't send the check I'm the one holding the bag follow me?

  Seth Davis : Right

  Chris Varick : Last month a kid a Jim's team wrote a million dollar ticket the stock was down three and a half points by settlement the kid took a quarter of a million dollar hit, do you know how much that hurts? Besides the first sale is what's appetite, if his a whale, which looks like he is

  Seth Davis : Right

  Chris Varick : So put him a daily measureable rip

  Seth Davis : What's a "rip"?

  Chris Varick : A "rip",is a commission that's why we work here we make huge rips, a two dollar rip which is unheard of anywhere on Wall Street, which means we're walking away with two dollars of every share we sell, its real money and opportunity

  Seth Davis : How does Michael afford that?

  Chris Varick : Couldn't tell you

  Seth Davis : Ok

  Chris Varick : If his doing it, his making money from it, and the point is service your client right and he'll be back for more show him a three percentage return and he'll trust you to watch his kids for the weekend

• Greg Weinstein : [to Seth, while driving in his Ferrari]  You've got to realize half the kids you and I grew up with, remember in Hebrew school shoving match was a big deal? Worst case scenario somebody got their Yarmulke knocked off it's true these guys are no joke they get all tanked up, throw a quick fist some of them actually enjoy it, like Richie what the fuck is that? Probably thought I was being tough back there with that guy, I was shitting my pants, fucking Guineas, half of them do coke, they all drink, zero capital, no fucking stability. they make all this money and always living three steps ahead, there's guys at the firm that make a million a year but can't even get a loan for a Honda because their credit is so bad, everybody's just waiting for the fifteenth of the month, they may have the Porsche but they don't have ten bucks to put in the gas tank, its nigger rich.

• Seth Davis : [in a restaurant having drinks, celebrating Seth passed the Series 7 stock broker test with Chris, Adam present]  You know what I hate? Is getting past the secretaries it doesn't matter if you're a broker, it's still a sales call and they fucking know that, I'm going to open a firm

  Greg Weinstein : [holds the alcoholic drink in his hand and a toothpick in his mouth]  ,Wait your opening things now? Kid just passed his test and thinks he knows the whole thing, what's wrong with you? You haven't even popped your "cherry" yet

• Seth Davis : [referring to the amount of stock he sold to Dr. Jacobs]  Why'd you put a max on his buy?

  Chris Varick : [to Greg]  You didn't tell him how it works?

  Greg Weinstein : His trainee he doesn't need to know initial sell limits

  Chris Varick : [to Seth]  Make sure he shows you the ropes his too busy calling his bookie, fucking Hebrews always looking out for themselves and not the trainees, the reason I capped him is in case if his a piker, so we're go ahead and front the money for this sale and if he doesn't send the check I'm the one holding the bag follow me?

  Seth Davis : Right

  Chris Varick : Last month a kid a Jim's team wrote a million dollar ticket the stock was down three and a half points by settlement the kid took a quarter of a million dollar hit, do you know how much that hurts? Besides the first sale is what's appetite, if his a whale, which looks like he is

  Seth Davis : Right

  Chris Varick : So put him a daily measureable rip

  Seth Davis : What's a "rip"?

  Chris Varick : A "rip",is a commission that's why we work here we make huge rips, a two dollar rip which is unheard of anywhere on Wall Street, which means we're walking away with two dollars of every share we sell, its real money and opportunity

  Seth Davis : How does Michael afford that?

  Chris Varick : Couldn't tell you

  Seth Davis : Ok

  Chris Varick : If his doing it, his making money from it, and the point is service your client right and he'll be back for more show him a three percentage return and he'll trust you to watch his kids for the weekend