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The Wolf of Wall Street [NOOK Book]

Overview

Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprio

NEW 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 ...
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The Wolf of Wall Street

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Overview

Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprio

NEW 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 STREET

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 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 Reviews


From the Hardcover edition.
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  • The Wolf of Wall Street
    The Wolf of Wall Street  

Editorial Reviews

From Barnes & Noble

In 2003, Jordan Belfort pleaded guilty to money laundering and securities fraud. He was sentenced to four years in prison and ordered to pay back $119 million to investors. Before this grand comeuppance, the Stratton Oakmont executive was king of the hill; a Wall Street wonder boy; a multimillionaire at 26. This brash young man was also a hard partier and playboy; a globe-trotting cocaine addict who crashed a Gulfstream jet and ran up a $700,000 hotel tab. The Wolf of Wall Street describes the rise and fall of a crooked American entrepreneur who somehow lived to tell the story. (Hand-selling tip: Martin Scorsese's film based on this book will be released in mid-November. Starring in this major release are Leonardo DiCaprio, Jonah Hill, Matthew McConaughey, and Margot Robbie.)

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 2007 Reed Business Information
Kirkus Reviews
A cocky bad boy of finance recalls, in much detail and scabrous language, his nasty career as a master of his own universe. At a young age, in an industry with many precocious bandits, Belfort ran a Long Island-based brokerage with the deceptively WASP-y name of Stratton Oakmont. It was a bucket shop habitually engaged in crooked underwritings. Its persuasive boss was a stock manipulator and tax dodger; he details the stock kiting, share parking, money laundering and customer swindles. Many millions poured in, and cash brought with it excess upon excess. Along with compliant women and copious drugs, there were multiple mansions, many servants, aircraft, yachts and, for all the guys on the trading floor, trophy wives. Among his under-the-table and beneath-the-sheets activities, the author's most imperative seemed to be sex and dope-taking, despite his professed abiding love for his (now ex) wife and kids. Belfort's portrait of his family is vivid, as is his depiction of the merry cast of supporting players: sweet Aunt Patricia, a Swiss forger, evil garmentos, Mad Max (Stratton's CFO and his father). The melodrama covers coke snorting, Quaalude eating, kinky sex, violence, car wrecks, even a sick child and a storm at sea. "A cautionary tale," the author calls it. It is crass, certainly, and vulgar-and a hell of a read. Belfort displays dirty writing skills many basis points above his tricky ilk. His chronicle ends with his arrest for fraud. Now, with 22 months in the slammer behind him, he's working on his next book. Entertaining as pulp fiction, real as a federal indictment. Agent: Joel Gotler/Intellectual Property Group
From the Publisher
“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 Reviews

From the Hardcover edition.

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Product Details

  • ISBN-13: 9780553904246
  • Publisher: Random House Publishing Group
  • Publication date: 9/25/2007
  • Sold by: Random House
  • Format: eBook
  • Sales rank: 13,844
  • File size: 897 KB

Meet the Author

After graduating from American University, Jordan Belfort worked on Wall Street for ten years. He currently lives in Los Angeles with his two children.


From the Hardcover edition.
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Read an Excerpt

Prologue
A Babe in the Woods


May 1, 1987

You’re lower than pond scum,” said my new boss, leading me through the boardroom of LF Rothschild for the first time.

“You got a problem with that, Jordan?”

“No,” I replied, “no problem.”

“Good,” snapped my boss, and he kept right on walking.

We were walking through a maze of brown mahogany desks and black telephone wire on the twenty-third floor of a glass-andaluminum tower that rose up forty-one stories above Manhattan’s fabled Fifth Avenue. The boardroom was a vast space, perhaps fifty by seventy feet. It was an oppressive space, loaded with desks, telephones, computer monitors, and some very obnoxious yuppies, seventy of them in all. They had their suit jackets off, and at this hour of morning–9:20 a.m.–they were leaning back in their seats, reading their Wall Street Journals, and congratulating themselves on being young Masters of the Universe.

Being a Master of the Universe; it seemed like a noble pursuit, and as I walked past the Masters, in my cheap blue suit and clodhopper shoes, I found myself wishing I were one of them. But my new boss was quick to remind me that I wasn’t. “Your job”–he looked at the plastic nametag on my cheap blue lapel–“Jordan Belfort, is a connector, which means you’ll be dialing the phone five hundred times a day, trying to get past secretaries. You’re not trying to sell anything or recommend anything or create anything. You’ re just trying to get business owners on the phone.” He paused for a brief instant, then spewed out more venom. “And when you do get one on the phone, all you’ll say is: ‘Hello, Mr. So and So, I have Scott holding for you,’ and then you pass the phone to me and start dialing again. Think you can handle that, or is that too complicated for you?”

“No, I can handle it,” I said confidently, as a wave of panic overtook me like a killer tsunami. The LF Rothschild training program was six months long. They would be tough months, grueling months, during which I would be at the very mercy of assholes like Scott, the yuppie scumbag who seemed to have bubbled up from the fiery depths of yuppie hell.

Sneaking peaks at him out of the corner of my eye, I came to the quick conclusion that Scott looked like a goldfish. He was bald and pale, and what little hair he did have left was a muddy orange. He was in his early thirties, on the tall side, and he had a narrow skull and pink, puffy lips. He wore a bow tie, which made him look ridiculous. Over his bulging brown eyeballs he wore a pair of wire-rimmed spectacles, which made him look fishy–in the goldfish sense of the word.

“Good,” said the scumbag goldfish. “Now, here are the ground rules: There are no breaks, no personal calls, no sick days, no coming in late, and no loafing off. You get thirty minutes for lunch”–he paused for effect–“and you better be back on time, because there are fifty people waiting to take your desk if you fuck up.” He kept walking and talking as I followed one step behind, mesmerized by the thousands of orange diode stock quotes that came skidding across gray-colored computer monitors. At the front of the room, a wall of plate glass looked out over midtown Manhattan. Up ahead I could see the Empire State Building. It towered above everything, seeming to rise up to the heavens and scrape the sky. It was a sight to behold, a sight worthy of a young Master of the Universe. And, right now, that goal seemed further and further away.

“To tell you the truth,” sputtered Scott, “I don’t think you’re cut out for this job. You look like a kid, and Wall Street’s no place for kids. It’s a place for killers. A place for mercenaries. So in that sense you’re lucky I’m not the one who does the hiring around here.” He let out a few ironic chuckles.

I bit my lip and said nothing. The year was 1987, and yuppie assholes like Scott seemed to rule the world. Wall Street was in the midst of a raging bull market, and freshly minted millionaires were being spit out a dime a dozen. Money was cheap, and a guy named Michael Milken had invented something called “junk bonds,” which had changed the way corporate America went about its business. It was a time of unbridled greed, a time of wanton excess. It was the era of the yuppie.

As we neared his desk, my yuppie nemesis turned to me and said, “I’ll say it again, Jordan: You’re the lowest of the low. You’re not even a cold caller yet; you’re a connector.” Disdain dripped off the very word. “And ’til you pass your Series Seven, connecting will be your entire universe. And that is why you are lower than pond scum. You got a problem with that?”

“Absolutely not,” I replied. “It’s the perfect job for me, because I am lower than pond scum.” I shrugged innocently.

Unlike Scott, I don’t look like a goldfish, which made me feel proud as he stared at me, searching my face for irony. I’m on the short side, though, and at the age of twenty-four I still had the soft boyish features of an adolescent. It was the sort of face that made it difficult for me to get into a bar without getting proofed. I had a full head of light brown hair, smooth olive skin, and a pair of big blue eyes. Not altogether bad-looking.

But, alas, I hadn’t been lying to Scott when I’d told him that I felt lower than pond scum. In point of fact, I did. The problem was that I had just run my first business venture into the ground, and my self-esteem had been run into the ground with it. It had been an ill-conceived venture into the meat and seafood industry, and by the time it was over I had found myself on the ass end of twenty-six truck leases–all of which I’d personally guaranteed, and all of which were now in default. So the banks were after me, as was some belligerent woman from American Express–a bearded, three-hundred-pounder by the sound of her–who was threatening to personally kick my ass if I didn’t pay up. I had considered changing my phone number, but I was so far behind on my phone bill that NYNEX was after me too.

We reached Scott’ s desk and he offered me the seat next to his, along with some kind words of encouragement. “Look at the bright side,” he quipped. “If by some miracle you don’t get fired for laziness, stupidness, insolence, or tardiness, then you migt actually become a stockbroker one day.” He smirked at his own humor. “And just so you know, last year I made over three hundred thousand dollars, and the other guy you’ll be working for made over a million.”

Over a million? I could only imagine what an asshole the other guy was. With a sinking heart, I asked, “Who’s the other guy?”

“Why?” asked my yuppie tormentor. “What’s it to you?”

Sweet Jesus! I thought. Only speak when spoken to, you nincompoop! It was like being in the Marines. In fact, I was getting the distinct impression that this bastard’s favorite movie was An Officer and a Gentleman, and he was playing out a Lou Gossett fantasy on me–pretending he was a drill sergeant in charge of a substandard Marine. But I kept that thought to myself, and all I said was, “Uh, nothing, I was just, uh, curious.”

“His name is Mark Hanna, and you’ll meet him soon enough.”

With that, he handed me a stack of three-by-five index cards, each of them having the name and phone number of a wealthy business owner on it. “Smile and dial,” he instructed, “and don’t pick up your fucking head ’til twelve.” Then he sat down at his own desk, picked up a copy of The Wall Street Journal, and put his black crocodile dress shoes on the desktop and started reading.

I was about to pick up the phone when I felt a beefy hand on my shoulder. I looked up, and with a single glance I knew it was Mark Hanna. He reeked of success, like a true Master of the Universe. He was a big guy–about six-one, two-twenty, and most of it muscle. He had jet-black hair, dark intense eyes, thick fleshy features, and a fair smattering of acne scars. He was handsome, in a downtown sort of way, giving off the hip whiff of Greenwich Village. I felt the charisma oozing off him.

“Jordan?” he said, in a remarkably soothing tone.

“Yeah, that’s me,” I replied, in the tone of the doomed. “Pond scum first-class, at your service!”

He laughed warmly, and the shoulder pads of his $2,000 gray pin-striped suit rose and fell with each chuckle. Then, in a voice louder than necessary, he said, “Yeah, well, I see you got your first dose of the village asshole!” He motioned his head toward Scott. I nodded imperceptibly. He winked back. “No worry: I’m the senior broker here; he’s just a worthless piker. So disregard everything he said and anything he might ever say in the future.”

Try as I might, I couldn’ t help but glance over at Scott, who was now muttering the words: “Fuck you, Hanna!”

Mark didn’t take offense, though. He simply shrugged and stepped around my desk, putting his great bulk between Scott and me, and he said, “Don’t let him bother you. I hear you’re a first-class salesman. In a year from now that moron will be kissing your ass.” I smiled, feeling a mixture of pride and embarrassment. “Who told you I was a great salesman?”

“Steven Schwartz, the guy who hired you. He said you pitched him stock right in the job interview.” Mark chuckled at that. “He was impressed; he told me to watch out for you.”

“Yeah, I was nervous he wasn’t gonna hire me. There were twenty people lined up for interviews, so I figured I better do something drastic–you know, make an impression.” I shrugged my shoulders. “He told me I’d need to tone it down a bit, though.” Mark smirked. “Yeah, well don’t tone it down too much. High pressure’s a must in this business. People don’t buy stock; it gets sold to them. Don’t ever forget that.” He paused, letting his words sink in. “Anyway, Sir Scumbag over there was right about one thing: Connecting does suck. I did it for seven months, and I wanted to kill myself every day. So I’ll let you in on a little secret”–and he lowered his voice conspiratorially–“You only pretend to connect. You loaf off at every opportunity.” He smiled and winked, then raised his voice back to normal. “Don’t get me wrong; I want you to pass me as many connects as possible, because I make money off them. But I don’t want you to slit your wrists over it, ’cause I hate the sight of blood.” He winked again. “So take lots of breaks. Go to the bathroom and jerk off if you have to. That’s what I did, and it worked like a charm for me. You like jerking off, I assume, right?”

I was a bit taken aback by the question, but as I would later learn, a Wall Street boardroom was no place for symbolic pleasantries. Words like shit and fuck and bastard and prick were as common as yes and no and maybe and please. I said, “Yeah, I, uh, love jerking off. I mean, what guy doesn’t, right?”

He nodded, almost relieved. “Good, that’s real good. Jerking off is key. And I also strongly recommend the use of drugs, especially cocaine, because that’ll make you dial faster, which is good for me.” He paused, as if searching for more words of wisdom, but apparently came up short. “Well, that’s about it,” he said. “That’s all the knowledge I can impart to you now. You’ll do fine, rookie. One day you’ll even look back at this and laugh; that much I can promise you.” He smiled once more and then took a seat before his own phone.

A moment later a buzzer sounded, announcing that the market had just opened. I looked at my Timex watch, purchased at JCPenney for fourteen bucks last week. It was nine-thirty on the nose. It was May 4, 1987, my first day on Wall Street. Just then, over the loudspeaker, came the voice of LF Rothschild’s sales manager, Steven Schwartz. “Okay, gentlemen. The futures look strong this morning, and serious buying is coming in from Tokyo.” Steven was only thirty-eight years old, but he’d made over $2 million last year. (Another Master of the Universe.) “We’re looking at a ten-point pop at the open,” he added, “so let’ s hit the phones and rock and roll!”

And just like that the room broke out into pandemonium. Feet came flying off desktops; Wall Street Journals were filed away in garbage cans; shirtsleeves were rolled up to the elbows; and one by one brokers picked up their phones and started dialing. I picked up my own phone and started dialing too.

Within minutes, everyone was pacing about furiously and gesticulating wildly and shouting into their black telephones, which created a mighty roar. It was the first time I’d heard the roar of a Wall Street boardroom, which sounded like the roar of a mob. It was a sound I’d never forget, a sound that would change my life forever. It was the sound of young men engulfed by greed and ambition, pitching their hearts and souls out to wealthy business owners across America.

“Miniscribe’ s a fucking steal down here,” screamed a chubbyfaced yuppie into his telephone. He was twenty-eight, and he had a raging coke habit and a gross income of $600,000. “Your broker in West Virginia? Christ! He might be good at picking coal-mining stocks, but it’s the eighties now. The name of the game is hightech!”

“I got fifty thousand July Fifties!” screamed a broker, two desks over.

“They’re out of the money!” yelled another.

“I’m not getting rich on one trade,” swore a broker to his client.

“Are you kidding?” snapped Scott into his headset. “After I split my commission with the firm and the government I can’t put Puppy Chow in my dog’s bowl!”

Every so often a broker would slam his phone down in victory and then fill out a buy ticket and walk over to a pneumatic tubing system that had been affixed to a support column. He would stick the ticket in a glass cylinder and watch it get sucked up into the ceiling. From there, the ticket made its way to the trading desk on the other side of the building, where it would be rerouted to the floor of the New York Stock Exchange for execution. So the ceiling had been lowered to make room for the tubing, and it seemed to bear down on my head.

By ten o’clock, Mark Hanna had made three trips to the support column, and he was about to make another. He was so smooth on the phone that it literally boggled my mind. It was as if he were apologizing to his clients as he ripped their eyeballs out. “Sir, let me say this,” Mark was saying to the chairman of a Fortune 500 company. “I pride myself on finding the bottom of these issues. And my goal is not only to guide you into these situations but to guide you out as well.” His tone was so soft and mellow that it was almost hypnotic. “I’ d like to be an asset to you for the long term; to be an asset to your business–and to your family.”

Two minutes later Mark was at the tubing system with a quartermillion-dollar buy order for a stock called Microsoft. I’d never heard of Microsoft before, but it sounded like a pretty decent company. Anyway, Mark’s commission on the trade was $3,000. I had seven dollars in my pocket.

By twelve o’clock I was dizzy, and I was starving. In fact, I was dizzy and starving and sweating profusely. But, most of all, I was hooked. The mighty roar was surging through my very innards and resonating with every fiber of my being. I knew I could do this job. I knew I could do it just like Mark Hanna did it, probably even better. I knew I could be smooth as silk.

To my surprise, rather than taking the building’s elevator down to the lobby and spending half my net worth on two frankfurters and a Coke, I now found myself ascending to the penthouse with Mark Hanna standing beside me. Our destination was a five-star restaurant called Top of the Sixes, which was on the forty-first floor of the office building. It was where the elite met to eat, a place where Masters of the Universe could get blitzed on martinis and exchange war stories.

The moment we stepped into the restaurant, Luis, the maître d’, bum-rushed Mark, shaking his hand violently and telling him how wonderful it was to see him on such a glorious Monday afternoon. Mark slipped him a fifty, which caused me to nearly swallow my own tongue, and Luis ushered us to a corner table with a fabulous view of Manhattan’s Upper West Side and the George Washington Bridge.

Mark smiled at Luis and said, “Give us two Absolut martinis, Luis, straight up. And then bring us two more in”–he looked at his thick gold Rolex watch–“exactly seven and a half minutes, and then keep bringing them every five minutes until one of us passes out.”

Luis nodded. “Of course, Mr. Hanna. That’ s an excellent strategy.” I smiled at Mark, and said, in a very apologetic tone, “I’m sorry, but I, uh, don’t drink.” Then I turned to Luis. “You could just bring me a Coke. That’ll be fine.”

Luis and Mark exchanged a look, as if I’d just committed a crime. But all Mark said was, “It’s his first day on Wall Street; give him time.”

Luis looked at me, compressed his lips, and nodded gravely. “That’s perfectly understandable. Have no fear; soon enough you’ll be an alcoholic.”

Mark nodded in agreement. “Well said, Luis, but bring him a martini anyway, just in case he changes his mind. Worse comes to worst, I’ll drink it myself.”

“Excellent, Mr. Hanna. Will you and your friend be eating today or just imbibing?”

What the fuck was Luis talking about? I wondered. It was a rather ridiculous question, considering it was lunchtime! But to my surprise, Mark told Luis that he would not be eating today, that only I would, at which point Luis handed me a menu and went to fetch our drinks. A moment later I found out exactly why Mark wouldn’t be eating, when he reached into his suit-jacket pocket, pulled out a coke vial, unscrewed the top, and dipped in a tiny spoon. He scooped out a sparkling pile of nature’s most powerful appetite suppressant–namely, cocaine–and he took a giant snort up his right nostril. Then he repeated the process and Hoovered one up his left.

I was astonished. Couldn’t believe it! Right here in the restaurant! Among the Masters of the Universe! Out of the corner of my eye I glanced around the restaurant to see if anyone had noticed. Apparently no one had, and, in retrospect, I’m sure that they wouldn’t have given a shit anyway. After all, they were too busy getting whacked on vodka and scotch and gin and bourbon and whatever dangerous pharmaceuticals they had procured with their wildly inflated paychecks.

“Here you go,” said Mark, passing me the coke vial. “The true ticket on Wall Street; this and hookers.”

Hookers?
That struck me as odd. I mean, I’d never even been to one! Besides, I was in love with a girl I was about to make my wife. Her name was Denise, and she was gorgeous–as beautiful on the inside as she was on the outside. The chances of me cheating on her were less than zero. And as far as the coke was concerned, well, I’d done my share of partying in college, but it had been a few years since I’d touched anything other than pot. “No thanks,” I said, feeling slightly embarrassed. “The stuff doesn’t really agree with me. It makes me . . . uh . . . nuts. Like I can’t sleep or eat, and I . . . uh . . . well, I start worrying about everything. It’s really bad for me. Really evil.”

“No problem,” he said, taking another blast from the vial. “But I promise you that cocaine can definitely help you get through the day around here!” He shook his head and shrugged. “It’s a fuckedup racket, being a stockbroker. I mean, don’t get me wrong: The money’s great and everything, but you’re not creating anything, you’re not building anything. So after a while it gets kinda monotonous.” He paused, as if searching for the right words. “The truth is we’re nothing more than sleazoid salesmen. None of us has any idea what stocks are going up! We’re all just throwing darts at a board and, you know, churning and burning. Anyway, you’ll figure all this out soon enough.”

We spent the next few minutes sharing our backgrounds. Mark had grown up in Brooklyn, in the town of Bay Ridge, which was a pretty tough neighborhood from what I knew of it. “Whatever you do,” he quipped, “don’t go out with a girl from Bay Ridge. They’re all fucking crazy!” Then he took another blast from his coke vial and added, “The last one I went out with stabbed me with a fuckingpencil while I was sleeping! Can you imagine?”

Just then a tuxedoed waiter came over and placed our drinks on the table. Mark lifted his twenty-dollar martini and I lifted my eight-dollar Coke. Mark said, “Here’s to the Dow Jones going straight to five thousand!” We clinked glasses. “And here’s to your career on Wall Street!” he added. “May you make a bloody fortune in this racket and maintain just a small portion of your soul in the process!” We both smiled and then clinked glasses again.

In that very instant if someone told me that in just a few short years I would end up owning the very restaurant I was now sitting in and that Mark Hanna, along with half the other brokers at LF Rothschild would end up working for me, I would have said they were crazy. And if someone told me that I would be snorting lines of cocaine off the bar in this very restaurant, while a dozen highclass hookers looked on in admiration, I would say that they had lost their fucking mind.

But that would be only the beginning. You see, at that very moment there were things happening away from me–things that had nothing to do with me–starting with a little something called portfolio insurance, which was a computer-driven stock-hedging strategy that would ultimately put an end to this raging bull market and send the Dow Jones crashing down 508 points in a single day. And, from there, the chain of events that would ensue would be almost unimaginable. Wall Street would close down business for a time, and the investment-banking firm of LF Rothschild would be forced to shut its doors. And then the insanity would take hold. What I offer you now is a reconstruction of that insanity–a satirical reconstruction–of what would turn out to be one of the wildest rides in Wall Street history. And I offer it to you in a voice that was playing inside my head at that very time. It’s an ironic voice, a glib voice, a self-serving voice, and, at many times, a despicable voice. It’s a voice that allowed me to rationalize anything that stood in my way of living a life of unbridled hedonism. It’s a voice that helped me corrupt other people–and manipulate them–and bring chaos and insanity to an entire generation of
young Americans.

I grew up in a middle-class family in Bayside, Queens, where words like nigger and spick and wop and chink were considered the dirtiest of words–words that were never to be uttered under any circumstances. In my parents’ household, prejudices of any sort were heavily discouraged; they were considered the mental processes of inferior beings, of unenlightened beings. I have always felt this way: as a child, as an adolescent, and even at the height of the insanity. Yet dirty words like that would come to slip off my tongue with remarkable ease, especially as the insanity took hold. Of course, I would rationalize that out too–telling myself that this was Wall Street and, on Wall Street, there’s no time for symbolic pleasantries or societal niceties.

Why do I say these things to you? I say them because I want you to know who I really am and, more importantly, who I’m not. And I say these things because I have two children of my own, and I have a lot to explain to them one day. I’ll have to explain how their lovable dad, the very dad who now drives them to soccer games and shows up at their parent—teacher conferences and stays home on Friday nights and makes them Caesar salad from scratch, could have been such a despicable person once.

But what I sincerely hope is that my life serves as a cautionary tale to the rich and poor alike; to anyone who’s living with a spoon up their nose and a bunch of pills dissolving in their stomach sac; or to any person who’s considering taking a God-given gift and misusing it; to anyone who decides to go to the dark side of the force and live a life of unbridled hedonism. And to anyone who thinks there’s anything glamorous about being known as a Wolf of Wall Street.


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See All Sort by: Showing 1 – 20 of 165 Customer Reviews
  • Anonymous

    Posted March 12, 2008

    Interesting story if you can get past the self admiration

    I will begin this review by saying that the story line is very intriguing. With that being said, Belfort may have been better served to cut this book down to about 300 pages instead of the 519 and perhaps have a real author write it. While I do recoginize that he is a great salesman (albeit a scam artist), having to read on every page about how this much cost or how that much costs gets old very quickly. Jordan, we get it, you made ALOT of money. Obscene amounts of money. One can easily ascertain this early on in the book. No need to extend the book by another 200 pages just so that you can drive this point home over, and over, and over. Getting into all the 'business' aspects kept me reading. I will admit that I was impressed with the complexity of his dealings. He truly did have a great mind and used it to his advantage. The one disturbing occurence that continually played out was the fact that he was an absolute horrible husband and father and had the audacity to laugh about it. All in all it was a good read. Despite the unecessary ranting, it was hard to put down. I recommend it but a Pulitzer Prize winner it is not.

    19 out of 23 people found this review helpful.

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  • Posted May 11, 2009

    more from this reviewer

    So Outrageous I Had To Read It Twice

    Jordan Belfort takes the reader on an astonishing, wild ride through one of the most outrageous scandals in recent Wall Street history.

    He reveals the life of international jet-setting glamour, power, and dangerous excess.

    This is a story of a man who was an almost instant millionaire. Unfortunately for the protagonist, everthing begins to unravel just as quickly, from his business life to his friendships and marriage. Jordan barely survived to tell these stories.

    Part cautionary tale, part insider exclusive, this memoir is a rather frank examination of power and greed. Some of the detailed excesses are lessons for all readers to take note of.

    10 out of 12 people found this review helpful.

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  • Anonymous

    Posted October 23, 2007

    A reviewer

    As a Sales Assistant at Stratton for 6 years, I really enjoyed Jordan's Book. I couldn't put it down and read it in 2 days. There were some gross exaggerations about the Sales Assistants (not all were young blonde, bosomy, sex fiends who dressed in short skirts or made $100K a year) but for the most part everything else that happened in the board room was true.

    9 out of 12 people found this review helpful.

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  • Anonymous

    Posted October 6, 2007

    i worked there t oo

    the book totally downplayed the rold of jordan's partner danny who ran the firm while jordan was wacked out. businesses are run by functioning people, I worked ther for three years and never met jordan but dealt with danny every day. he was the real wolf...........

    8 out of 15 people found this review helpful.

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  • Anonymous

    Posted December 11, 2013

    Over the top, but interesting...

    Let me start by saying, the first line I read in this book was Jordan stating that this is his story "based on his best recollection of the events". Now, anyone that knows anything about this man, knows that he has an ability to talk quick - he's a salesman and it was his job to get this book to sell and get people talking about it, and him again. Someone that stated that he did as many drugs as he says, would NOT remember 3/4 of what he put in this book. That being said, I took it all with a grain of salt and enjoyed it for what it was - bragging and story telling.

    All in all, it kept my interest as an easy read. It gave you a bit of an inside look into what money and greed can do to people and make them think that they are above it all. I knew going into this book that it was most likely exaggerated, so I didn't take it too seriously. I suppose I could best compare it to one of the most ridiculous tabloid stories you would ever read - just a REALLY long one. He could have cut this book down by a couple hundred pages if he didn't talk about his wife's luscious loins every other paragraph.

    5 out of 5 people found this review helpful.

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  • Anonymous

    Posted November 4, 2013

    Trash

    Please do not waste your time reading this book. I stopped reading it on page 68 because it is a nasty, poorly written book about an owner of a company full of greedy, no nothing pigs. I got wealthy buying and selling stocks and never did business with this type of low life broker. I hope the end of the book finds him actually working for someone else at an hourly wage or he ends up broke. I will never know!!

    4 out of 7 people found this review helpful.

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  • Posted December 23, 2013

    I Also Recommend:

    The Wolf of Wall Street is a very entertaining book. Drugs, drin

    The Wolf of Wall Street is a very entertaining book. Drugs, drinking, and sex permeate the life of a successful Wall Street up and comer. I am looking forward to the movie, though I don’t know how a movie could do this story justice. It is a great book from start to finish.

    2 out of 3 people found this review helpful.

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  • Posted October 25, 2013

    Could have been a lot better!

    Agree with several other reviews. Belfort should have had someone edit this book - better than it was. Several stories left hanging in the air - especially items about other people. Too self-absorbed to see the forest for the trees. A real shame. This book could have been educating rather than profane.

    2 out of 2 people found this review helpful.

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  • Anonymous

    Posted October 2, 2007

    Been there, seen that!!

    As a former employee of Stratton Oakmont, I can tell you that it is dead on! Anyone who ever worked there or heard of us would love a sneak peek behind the scenes. Those that didn't, will just be...unable to put it down!! Jordan, as always, a master salesman, has the golden touch!

    2 out of 7 people found this review helpful.

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  • Anonymous

    Posted March 27, 2014

    To sadie

    Uhh

    1 out of 2 people found this review helpful.

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  • Anonymous

    Posted March 3, 2014

    Feeling robbed

    5.99 on the kindle b&n your not keeping your customers happy. Looks like I'll be making the witch to kindle

    1 out of 2 people found this review helpful.

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  • Posted February 20, 2014

    I Also Recommend:

    Amazing that that someone actually lived this life This book re

    Amazing that that someone actually lived this life

    This book revolves around “The Wolf” (Jordan Belfort): An ordinary guy turned manipulative millionaire stockbroker who can take tons upon tons of drugs, spend obscene amounts of money that enable him to do some of the most outrageous things, one of which was the sinking of his 170 foot yacht. He is at the top of his game, having the time of his life, but ultimately his life unravels and comes crashing down. One prevalent theme within this book is his drug abuse, however he uses this addiction and changes it for the better towards the end of the book. This book is very fascinating and makes you want to keep reading. Belfort is very descriptive in his work, but sometimes is a little too descriptive and it is very prolonging to the story. This book is not for every one and it is certainly not for someone who is prude and cant stand countless profanities and sexual content. This book is recommended for someone who is looking for a good read and wants to learn more about the man who succeeded to become “The Wolf of Wall Street” and managed to spend $700,000 on a hotel bill for a few nights. “The Wolf” now has me hooked, so I am going to pick up his sequel: “Catching The Wolf of Wall Street”. 

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 17, 2014

    Both the book and the movie were too long. You can only read/see

    Both the book and the movie were too long. You can only read/see so many sexcapades, drug binges, and illegal business dealings before it all starts to sound the same. Overall though, very interesting. I asked on more than one occasion if people really did live like this. Gave a glimpse of a different world that I will never know.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 11, 2014

    Boring

    Got boring pretty fast, disappointed!

    1 out of 2 people found this review helpful.

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  • Anonymous

    Posted January 9, 2014

    Anonymus

    LEONARDO DICAPRIO IS AWESOME

    1 out of 6 people found this review helpful.

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  • Posted January 7, 2014

    I hope the movie is better than the book. Hunter Thompson wrote

    I hope the movie is better than the book. Hunter Thompson wrote about essentially the same thing less the greed, but Thompson was a better writer.

    1 out of 1 people found this review helpful.

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  • Posted December 11, 2013

    interesting story, beware of the language!

    I enjoy reading stories based on peoples lives, this story line was just "wow" so much money and power and crazy lifestyle. I stopped reading it because there was so much cussing, the *f* word especially. I think the story would be much better if the language was toned down a bit.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted October 14, 2014

    #teamleo

    Post this on other popular books

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  • Anonymous

    Posted September 20, 2014

    Annie

    Walks in

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  • Anonymous

    Posted August 19, 2014

    Hi to all

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