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El lobo de Wall Street/ The Wolf of Wall Street (Spanish Edition) (Spanish) Paperback – February 28, 2009
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From 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 © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an alternate Paperback edition.
“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. --This text refers to an alternate Paperback edition.
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Sooooo, I'm figuring you're probably a psychopath or sociopath or whatever the latest term is, so I guess it's not your fault - you were born this way. You certainly got off easy when you consider the lives you ruined. Bernie Madoff didn't fare nearly as well.
As for you folks trying to decide whether or not to read this book, or see the movie, I will recommend it with the caveat that you're enriching someone who doesn't deserve it. The profits from this book and movie are probably miniscule compared to the money Belfort made swindling people and manipulating stocks.
By far the most powerful sequence in the movie is when it shows the author going to a low-class storefront brokerage, getting on the phone and convincing trusting investors to buy his junk. The best of the best is when the other brokers are listening in on his sales pitch and gleefully egging him on. Then when the sale is completed, the other brokers break into whoops and cheers, mixed with expressions of contempt for their stupid gullible investors.
But the entire account of Stratton Oakmont's climb from rags to loot, detailed in the movie, is omitted from the book. Incomprehensible!
All he does is brag about the money he makes and waste like a fool at the cost to ours without regards for his reckless behavior. I read a review that said this was like (Goodfellas) hardly, not even close. If you want a book that actually fits all the good reviews for this book, read (Heaven Became Hell: Hollywood Be Thy Name.) Now that is a book, it is so ballsy that the author had to change everyone's names as it makes his book look even lamer. Hollywood should have made that into a movie, not this one. It was long and very boring, and barely finished it.
So, it seems to not work for any of its intended audiences.
Idea: There might be several books in this one worth reading if the key things for each audience were isolated from the rest and properly refocused. But as it is, I found it mostly neither fun nor informative.