![]() ![]() He would make the fortune while his customers were the losers.īelfort begins his memoir with a brief story of how within six years, he rose from an entry level apprentice at a brokerage house to the founder of his own investment firm. Belfort would purchase large sums of these cheap shares and would run up the price and then dump it. These were salespeople going by a script selling cheap stock picks over the phone. First of all, the offices were in Long Island, secondly, his brokers were not the usual Harvard educated MBAs, (which other memoirs I have read state as almost a requirement), but the brokers were employees that probably would not have even made it as far as the interview process on Wall Street. His brokerage firm, Stratton Oakmont, was not really “Wall Street,” at least not in the traditional sense. It should be noted up front that the author, Jordan Belfort is not a professional writer, and that this is his memoir. ![]()
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