The Wolf of Wall Street

This book by Jordan Belfort tells the tale of how his firm used its army of brokers to sell stocks at inflated prices to rich retail investors.  This is secretly one of the best books on short selling.  By understanding the criminal point of view, I started realizing more of the footprints that pump and dump-style frauds leave behind.

The book does have its flaws.  The author isn’t exactly a reliable narrator.  Jordan Belfort is not a “wolf of Wall Street” at all.  The book talks about how he specifically kept his offices and those of his affiliates away from Manhattan.  As well, most of the book does not talk about securities fraud.  Nevertheless, if you want to develop a gimmicky skillset that is only useful for short selling, I highly recommend this book.

wolf-of-wall-street-money-laundering

The book was also adapted into a Hollywood movie.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s