Jordan Belfort's Memoir, "The Wolf of Wall Street"
He organized a midget throwing contest, sank his 16 feet motor yatch, crashed a Gulfstream jet, chimpanzees on diaper skating around his office, orgy on 747 going to Vegas, landed his helicopter on his lawn with just one eye open and he made thousands of dollars a minute. This is a memoir of the a man who is a former kingpin of the notorious investment firm Statton Oakmoant, Jordan Belfort.
"The Wolf of Wall Street" is Jordan Belfort's confession as he became the most infamous multimillionaire stockbroker in American finance history. At the age of 30 Belfort is a brilliant, conniving broker who led his merry mob of young and hungry stockbrokers out of Wall Street and into his own company in suburban Lake Success on Long Island in 1987
This memoir chronicled his lavish lifestyles as he once paid a $700,000 hotel tab for his wife and kids who waited for him at home. In the morning he swindled thousands of dollars and by night he spends it by international globe-trotting, drugs, sex and partying hard with his young stockbrokers who called him king.
Driven by his own greed and quest for power, "The Wolf of Wall Street" is a hilarious tell-all autobiography of a brilliant, young salesman who is driven to make money the quickiest way possible no matter what the cost. He managed to turn microcrap investing into a wickedly lucrative game as he convinced his brokers unsuspecitng clients to buy stocks that were guaranteed to earn obscene profits.
Thanks to his insatiable appetite for debauchery and an inauspicious partnership with a shoe designer Steve Madden, Belfort found himself on both sides of the law and slowly into a harrowing darkness. By 1994 he was banned from the securities business and later went to prison for money laundering and fraud.
The book is a straightforward account of how he managed to convince managers of obscure companies to acquire insane amount of stocks with minimal public disclosure, and then hiked up the price and sold it. This is the time when he always win and public investors lost, and profits are used to buy legitimate businesses and put it in Swiss back accounts.
On an interview with Belfort, he said, "I was a very smart kid, I was a great salesman and I was driven to make money. Those were God-given assets. But I had some God-given detriments, mainly that I was emotionally immature, insecure and I had a predisposition to instant gratification."
Now the book is an instant success with a movie that is going to hit the big screen on November 15, 2013. Played by Leonardo DiCaprio, "The Wolf of Wall Street" is a cautionary tale of what happens to a young, immature man who become insanely rich by selling the ingenuity of other people.