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The Wolf of Wall Street

Belfort, Jordan (Book - 2007 )
Average Rating: 3.5 stars out of 5.
The Wolf of Wall Street
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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.
Authors: Belfort, Jordan
Title: The wolf of Wall Street
Publisher: New York : Bantam Books, 2007.
Characteristics: 522 p. ;,25 cm.
Notes: Also published in paperback: New York: Bantam Books, 2008 with ISBN 9780553384772.
Summary: 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.
ISBN: 0553805460
9780553805468
Statement of Responsibility: Jordan Belfort
Subject Headings: Wall Street (New York, N.Y.) Securities industry New York (State) New York. Stockbrokers New York (State) New York Biography. Belfort, Jordan.
Genre/Form: Autobiography.
Topical Term: Securities industry
Stockbrokers
LCCN: 2007015868
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Jun 30, 2014
  • jmenitsch rated this: 3 stars out of 5.

This book is very different from the movie of the same name. I saw the film version first so had certain expectations for the book. The same thing happened with "Goodfellas" also directed by Scorsese. In both cases, the books were something of a disappointment. Partly because I expected too much from the books, and partly because in a movie you can add to what's in the book, and take out what's boring and/or repetitive. In this book I would have liked to know more of Jordan's background and how he actually started his company (which was shown in the film) and I didn't need to know exactly how many pounds of drugs he was consuming on a daily basis which he mentioned several times, Once is really enough. And while I'm far from a prude, the descriptions of Jordan's and others' sexual attempts and encounters just weren't sexy. I agree with one reviewer that I really didn't get a sense that he cared too much how he destroyed "ordinary" people when they bought his low rent stocks. He kept claiming that Steve Madden "ruined" him, but from what I read, that didn't seem to be the case. Finally, if you see the movie first, be aware that Scorsese took a few liberties with what happened to Jordan with the SEC and how everything actually played out for him. Basically the book is the book and the film is the film.

Jun 23, 2014
  • miaone rated this: 0.5 stars out of 5.

Hideous book, hideous movie. No socially redeeming merit at all.

Jan 15, 2014
  • nutty7688 rated this: 2.5 stars out of 5.

Personally, I did not like this book. But the movie was great.

Sep 26, 2013
  • mariednguyen rated this: 3 stars out of 5.

For a book that’s supposed to be a mea culpa, Belfort has very little to say about the investors that Belfort and his brokers hurt. Early in the book, he claims that Stratton Oakmount targeted only wealthy, qualified investors; that claim serves both to explain how Belfort eluded the Securities and Exchange Commission for so long and makes the reader less sympathetic to the investors, who presumably knew they were getting involved with high-risk stock and could afford their losses. Later in the book, Belfort admits that his clients were not all so well-to-do. Either way, the characters of his victims are unexplored.
http://www.forbes.com/2007/10/10/book-review-belfort-oped-cz_mm_1010belfort.html

Sep 23, 2013
  • lindamck63 rated this: 5 stars out of 5.

Loved it! Can't wait to see the movie. Would like to read his next book "Catching the Wolf of Wall Street".

Aug 15, 2013
  • ayub rated this: 3 stars out of 5.

a good book mainly talks about his escapades while he was rich, nothing on specifics of the company, funny stories, looking forward to the movie

Feb 21, 2011
  • persymona rated this: 1 stars out of 5.

Too long - rambles on about personal and drug escapades. Very little on how he built Stratton or what motivated him to do the things he did. Could have been written better and more informative.

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Sep 23, 2013
  • mariednguyen rated this: 3 stars out of 5.

Other: Release date November 15, 2013 (USA)

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