Book Review: The Wolf of Wallstreet

The Wolf of Wallstreet - Jordan BelfortDuring the day, the protagonist chunked out thousands of dollar in a minute only to spend it all on vices such as drugs, sex and a globe trotting spree. The Wolf of Wall Street is the story of an ill-fated genius that’s nicknamed “The Wolf of Wall Street”; and his eccentric ways who managed to sink a 170-foot motor yacht, crashed a Gulfstream jet, as well as running up a hefty $700,000 hotel bill, while he left his wife and kid at home. The Wolf of Wallstreet is the story of a sleek-talking, hotshot stock broker who referred to himself as a king and carry out his bidding.

His early days as a professional investor were broadly covered in the book. While he’s such a likeable and intelligent man, who’s difficult to dislike, yet he was unable to transfer this over to his marital life, as his marriage failed at the tail end, which is somewhat a tragic twist. The book also offers its readers a feisty and wonderful love story that ends on a sad note. Although, very upsetting, one would be left longing for the next installment.

Jordan Belfort epitomizes the true American dream during the Wall Street’s heady days. He lived in a well decorated mansion, with his pretty wife and child, Jordan flew his own chopper, as well as getting involved in copious amounts of drugs, whilst working for the brokerage firm, Stratton Oakmont, which he founded.

The brokerage firm, Stratton Oakmont became famous and quickly turned out to be one of the biggest scandals in its time. Belfort was put in prison for close to two years. His crime was selling purportedly profitable stocks at inflated prices. You will find a tale of his luxurious life deeply covered in this book and how it all crashed around him, along with his drug addiction really getting off the hook.

As you read along, one thing that’s evident is the fact that what this man and his company practiced were dubious. At the same time, you’ll find Belfort’s superb skills as a salesman and motivator quite amazing. The book does in way portrays Jordan as an intelligent man. He comes across as a really smart dude, who in a lot of ways gave a larger part of his life trying to circumvent stock trading laws. He describes an episode where he bugged the SEC officials who were trying to investigate his books, this I also find quite novel of him. He describes his drug intake in such a fashionable manner, and this is a clear handout of how smart folks persuade themselves that their drug addiction is under perfect control.

About the Author – Jordan Belfort

The author, Jordan Belfort was born in Queens, New York, where he hustled ices to pay for his college expenses, exhibiting his entrepreneurial flair at quite an early stage in his life. Jordan later was broke after trying hands at his first business when he was twenty-four. He first stepped into Wall Street with $100 in his pockets and this saw the birth of one of the largest brokerages in the United States – the notorious Stratton Oakmont brokerage firm. This whole episode landed him in prison for twenty-two months, and time in rehab as well.

Newspaper clipping from September 24th 1999, New York Times carries this article

Our Review on The Wold of Wallstreet

The book starts off with the early days of Jordan Belfort and quickly catches up to his present. The book in itself tells the story on a very casual note and in fact could make a great read even for those not involved in trading or finance. There is a bit of strong language that is used quite liberally through the story.

It was after the above saga, that Jordan Belfort turned out be one of the most highly successful motivational speaker. Jordan Belfort’s story has been so captivating that his book is now being turned into a movie, directed by Martin Scorsese starring Leonardo DiCaprio, Matthew McConaughey amongst others.

The Wolf of Wallstreet is a quick-paced, exciting and an amusing read. The subject matter was pleasantly expressed, entertaining and provides an interesting insight into the mind of Jordan Belfort.

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