“The Wolf of Wall Street” — the Book
How many times have you heard about financial crimes and frauds perpetrated by people who happen to be Jewish? How many times have you heard about the association of Jews and Wall Street? For most TOO readers, these themes should be amply familiar.
Now let’s consider yet another instance of the above. Just before the economic meltdown of 2008, an important book about Wall Street appeared and became a bestseller. It was stockbroker Jordan Belfort’s first book about his crimes called The Wolf of Wall Street and was published in 2007 by major publisher Bantam Dell, a division of Random House.
Let’s allow an official overview to set up the tale:
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, crashed a Gulfstream jet, and ran up a $700,000 hotel tab, to the wife and kids who waited for him 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 … “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 tell-all autobiography, Belfort narrates a story of greed, power, and excess no one could invent — 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.
Refreshingly, throughout the book Belfort openly and explicitly notes his marked Jewish identity and that of all of his close co-conspirators. It amounts to a fascinating look at the inner workings of a corrupt Jewish financial organization — and Belfort succeeds magnificently in narrating the rollicking affair. No wonder one newspaper called it “A cross between Tom Wolfe’s The Bonfire of the Vanities and Scorsese’s GoodFellas. The comparison to Wolfe is apt, but rather than Scorsese’s GoodFellas, Belfort’s tale should be compared to Hunter S. Thompson’s Fear and Loathing in Las Vegas because it shares the same non-stop extreme adventure and use of mind-altering drugs. Read more