The Wolf of Wall Street Author: Jordan Belfort | Language: English | ISBN:
B000W8HC8I | Format: EPUB
The Wolf of Wall Street Description
Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprioNEW YORK TIMES BESTSELLER 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 and ran up a $700,000 hotel tab, to the wife and kids waiting 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 . . .
THE WOLF OF WALL STREETIn 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 that 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 . . .
Praise for The Wolf of Wall Street“Raw and frequently hilarious.”
—The New York Times “A rollicking tale of [Jordan Belfort’s] rise to riches as head of the infamous boiler room Stratton Oakmont . . . proof that there are indeed second acts in American lives.”
—Forbes “A cross between Tom Wolfe’s
The Bonfire of the Vanities and Scorsese’s
GoodFellas . . . Belfort has the Midas touch.”
—The Sunday Times (London) “Entertaining as pulp fiction, real as a federal indictment . . . a hell of a read.”
—Kirkus ReviewsFrom the Hardcover edition.- File Size: 980 KB
- Print Length: 530 pages
- Page Numbers Source ISBN: 0345549333
- Publisher: Bantam; Reprint edition (September 25, 2007)
- Sold by: Random House LLC
- Language: English
- ASIN: B000W8HC8I
- Text-to-Speech: Not enabled
X-Ray:
- Lending: Not Enabled
- Amazon Best Sellers Rank: #741 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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in Kindle Store > Kindle eBooks > Biographies & Memoirs > Specific Groups > Criminals - #1
in Books > Biographies & Memoirs > Specific Groups > Crime & Criminals - #2
in Kindle Store > Kindle eBooks > Biographies & Memoirs > Professionals & Academics > Business
"The Wolf of Wall Street" is probably the worst book I've read all year. It consists of non-stop extreme drug use, promiscuous and pornographic sex, money laundering, and stock manipulation, while providing little or no explanation of how author Jordan Belfort built his firm and worked his financial machinations.
Other sources help fill in the blanks. Belfort's business, according to Business Week, was part of a $10 billion/year business that regulators lagged in controlling. "Chop stocks" (bought at a large discount) made up perhaps half the 1997 85 million-share daily volume of the OTC Bulletin Board, plus dozens of stocks on the NASDAQ Small Cap Market. Belfort would purchase a hidden stake in a relatively new firm that would then issue "letter" stock under Rule 144 of the securities laws, commonplace at many perfectly legitimate companies as a way of rewarding key employees and giving them an equity interest. Letter stock and warrants were also issued to compensate consultants in lieu of cash. And stock issued overseas, under Regulation S of the securities laws, is a widely recognized way of raising capital for emerging companies. Reg. S stock is cheap for a simple reason: Since it cannot be legally traded for two years, it is commonly issued at a steep discount. Rule 144 stock is also cheap because it is usually issued at little or no cost and must be held for one or two years.
Belfort would make large profits by ignoring the law and "laundering" the stocks by selling them long before the two years had expired. If customers were to see the stock (marked "restricted"), they might realize that it's not supposed to be sold to the public. So the chop houses had a simple solution: They didn't show the customers the stock.
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