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The Wolf of Wall Street, by Jordan Belfort
Free Ebook The Wolf of Wall Street, by Jordan Belfort
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By day he made thousands of dollars a minute. By night he spent it as fast as he could, on drugs, sex, and international globe-trotting. From the binge that sank a 170-foot motor yacht, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him at home, and the fast-talking, hard-partying young stockbrokers who called him king and did his bidding, here, in his own inimitable words, is the story of the ill-fated genius they called…
In the 1990s Jordan Belfort, former kingpin of the notorious investment firm Stratton Oakmont, became one of the most infamous names in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of the canyons of Wall Street and into a massive office on Long Island. Now, in this astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent.
Reputedly the prototype for the film Boiler Room, Stratton Oakmont turned microcap investing into a wickedly lucrative game as Belfort’s hyped-up, coked-out brokers browbeat clients into stock buys that were guaranteed to earn obscene profits–for the house. But an insatiable appetite for debauchery, questionable tactics, and a fateful partnership with a breakout shoe designer named Steve Madden would land Belfort on both sides of the law and into a harrowing darkness all his own.
From the stormy relationship Belfort shared with his model-wife as they ran a madcap household that included two young children, a full-time staff of twenty-two, a pair of bodyguards, and hidden cameras everywhere—even as the SEC and FBI zeroed in on them—to the unbridled hedonism of his office life, here is the extraordinary story of an ordinary guy who went from hustling Italian ices at sixteen to making hundreds of millions. Until it all came crashing down…
- Sales Rank: #8405190 in Books
- Brand: imusti
- Published on: 2013-12-19
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x 1.10" w x 5.12" l, .82 pounds
- Binding: Paperback
- HODDER STOUGHTON
From Publishers Weekly
Belfort, who founded one of the first and largest chop shop brokerage firms in 1987, was banned from the securities business for life by 1994, and later went to jail for fraud and money-laundering, delivers a memoir that reads like fiction. It covers his decade of success with straightforward accounts of how he worked with managers of obscure companies to acquire large amounts of stock with minimal public disclosure, then pumped up the price and sold it, so he and the insiders made large profits while public investors usually lost. Profits were laundered through purchase of legitimate businesses and cash deposits in Swiss banks. There is only brief mention of Belfort's life before Wall Street or events since 1997. The book's main topic is the vast amount of sex, drugs and risky physical behavior Belfort managed to survive. As might be expected in the autobiography of a veteran con man with movie rights already sold, it's hard to know how much to believe. The story is told mostly in dialogue, with allegedly contemporaneous mental asides by the author, reported verbatim. But it reports only surface events, never revealing what motivates Belfort or any of the other characters. (Oct. 2)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
“A cocky bad boy of finance recalls ... [his] career as a master of his own universe.... A hell of a read.”—Kirkus Reviews
“A memoir that reads like fiction.... [concerning] the vast amount of sex, drugs and risky physical behavior Belfort managed to survive.”—Publishers Weekly
From the Hardcover edition.
About the Author
Jordan Belfort served twenty-two months in prison, spent one month in rehab, and is currently living in Los Angeles, California.
Most helpful customer reviews
19 of 20 people found the following review helpful.
A study in criminal psychology and drug addiction
By Amazon Customer
I gave this 5 stars, not because it is a good read or a truthful memoir, but because it is a fine example of criminal psychology and drug addiction.
The supposed facts related by Belfort must be taken with a large dose of salt. He readily admits with some pride deceiving everyone he deals with including his wife and supposed friends and business partners. We would be quite gullible to then take his writing at face value.
He portrays himself as generous to a fault, but of course the money he passes out is mostly stolen. The judgement against him included a requirement to pay over 100 million in retribution to those he defrauded. Most of that has never been paid even though his income from books and movie rights is quite substantial. By the way his sentence was lighter than those of all his cohorts because he turned against them when the law caught up with him. This after spilling a lot of ink in his book about loyalty, trust and "omerta." Does he still have hidden assets that rightfully belong to the victims? You guess. I bet he does.
He tries to present himself as a reformed bad actor who has seen the light and conquered his addiction. I hope he has conquered his addictions, but that wasn't his only problem. He is quite intelligent and seen as such by all around him. The schemes he ran were carefully designed and couldn't have been conceived and executed while stoned, so there is more to this than addiction. The most important part of the story is left out. How did a broke guy starting at the very bottom of a major brokerage firm get to be a criminal millionaire? That's the guts of the real story, and it was left out. We only see him at the climax just before the downfall.
Sex and drugs sell books and movies and that's the new scheme, and it is lawful even if only partly true and even if the main facts are left out.
The schemer and deceiver is still at work.
4 of 4 people found the following review helpful.
Entertaining book written by a total scumbag
By Thomas Hilmersen
This book contains more background on Jordan's early days, his friends, etc.. He again reveals himself as a total scumbag and it is obvious that he has not changed. After ratting out his friends to the police, he rats them out to the general public in order to make some more money. And there are truly bizarre things here, like how the author gets morally outraged by a couple of girls dancing topless by his pool, in plain view of his young daughter. This from a man who has wandered around his home in a drugged stupor for most of that child's life, who has ripped off thousands of people, and who lies and betrays and cheats at every opportunity. As in the first book, we find some interesting insights every once in a while. At one point, he says that he was the happiest before he became rich, when his first wife and he were still struggling.
This book is much better written than the first one, The Wolf of Wall Street. It is obvious that Jordan is a fast learner, if nothing else. It is also a real page-turner, which is why I am giving it 4 stars.
1 of 1 people found the following review helpful.
Chickens have come home to roost -
By Chiek
Scorsese's film was much better than the book. Nevertheless the narrative was great in depicting how obnoxious and insatiably greedy stock brokers and their likes in the financial world were. Using, the typically Long Island/New york lingo, the story chronicled the rise and fall, rags to riches story of a Jordan Belfort (Leonardo DiCaprio played him brilliantly in the film) because he had the uncanny persuasive charm to sell stocks even knowingly that they were worthless. He probably would feel no guilt or hesitation even if he was fleecing a granny of her pension. In a brief few years, he owned his stock broking firm. By manipulating IPO launches using rat-holes to artificially inflate prices, these wolves of the Wall Street can make 22 million in one day. This bulk of the book typifies the lavish excessive and narcissistic lifestyle of the stock and commodity traders where they earn millions easily and also blow millions recklessly on drugs and prostitutes. Their decadent lifestyle rivals that of the infamous roman incessant orgies to pleasure the senses. Their world is devoid of good conscience and morality but filled with self centeredness. No thanks to Bill Clinton for dismantling the Glass-Steegal Act, in the early 90s thus releasing more wolves onto Wall Street as we saw how it wreck havoc in the financial world culminating with the 2009 crisis. These scums who feed on the hard earned money of the common folks are generally devoid of morality and decency and honesty . Jordan Belfort is a clear example even though his misdeeds predates Bill Clinton's deregulation. The last few pages were the most important in the book because the chickens came home to roost proving once again that karma rules!. Although one gets the feeling that there was little remorse from narcissistic Jordan Belfort who believed that there is no dignity in being less than filthy obscenely rich.
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