Ali Meli : Wall Street Revolution: the Key Takeaways

Ali Meli : Wall Street Revolution: the Key Takeaways

May 19, 2021, 5:41:54 PM Business

 The market where the traders, bankers, investors, and stockbrokers all set to make the city's financial hub is known as wall street—one of the leading and the most uncertain marketplaces of modern times located at the heart of NYC. People worldwide come to trade over here for some, the lady luck shines, and for others, there are many great opportunities.

Wall Street was a physical wooden wall created to demarcate the geographical boundaries. Later on, the traders, bankers, stockbrokers, and people from almost all walks of life came together to form it into a market hub. The purpose of creating a financial hub was to create opportunities for the investors, industries to grow, and common people to get job options in the open market. Those who were sharp enough to understand the tricks of the trade benefitted from Wall Street's rules and gained success within a matter of few years.

Ali Meli at Goldman Sach is  also a common man at Wall Street, an Iranian trader who came to NYC from almost nowhere and conquered the trading world. Wall Street and its journals are filled with inspirations like Ali Meli and the stories of those who got lucky or worked harder to make their mark in the market are some of the examples to learn from. Those who are trying to make their mark at investment banking, real estate business or looking forward to invest in bonds and funds should try and learn from the experience of Meli and his journey as a common man from Iran.

1.      The particular changes in Wall street:

The rules for trading at Wall Street were predefined, and people who took an interest in investment and want to take every opportunity that has been thrown to them get acquainted with the rules. But in 1999, there was something that changed the complete outlook of Wall Street, and that was the new rules which allowed the banks to use the allowances of their depositors for investments.

These investments got the name of derivatives. This was a new challenge for both the depositors and those who are using the derivative. And because the derivatives were unregulated created many inhibitions in the mind of investors.

2.      Wall Street and the great depression:

In 1929, the day marked the history of Wall Street and the great depression, where on one fine day, the market collapsed all of a sudden. On black Thursday, which is known to be the last good days of Wall Street, the market crashed, the investors lost the trust in Wall Street and withdrew all their amount from the market. Because the market was relatively new and didn't know how to react in the given situation, most investors didn't have any confidence left with the trading system, and thus major market shift was seen.

Some of the market pioneers went out of cash, and the banks completely stopped the process of lending money even to each other. Until and unless new reforms were introduced and people started to get hold of their confidence back.

3.      Occupy wall street:

People began to protest the inequality of distribution of wealth and economy of the country. In the movement, people believed that some of the richest soils of the earth occupied most of the wealth and privileges of the system. Those who cannot get to the basics of Wall Street blamed the market for the cause of unemployment, recession and unequal distribution of wealth. Some believe the protest was masking up for political gains, while others have a different point of view to offer.

However, some people served Wall Street economics like no other and came from a background that nobody could have imagined. Ali Meli  from goldman Sach is among those finest names that changed investment banking outlook, wall street trading and finally became part of the whole trading world.

People often blame Wall Street for creating overnight success for others and wealth being occupied by the masses, but those who work hard and keeps the focus on their goals are the ones that can attain success at commendable rates.

One should try and learn from the stories of those who are part of the business and work hard day and night to create opportunities for others.

Published by Edan Baker

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