The Wolf Of Wall Street Chapter Summary

Decent Essays
The Wolf of Wall Street
Jordan Belfort
Novel
The Wolf of Wall Street tells Jordan Belforts journey as he embarked on one of the biggest stock market manipulation schemes and how it all came crashing down. The book details the demanding nature of being a stock broker back in the 80 's-90 's and the amount of sex and drugs that encapsulated a young Jordan Belfort into conning people out of hundreds of millions of dollars. After being laid off from his first job as a stock broker due to the stock crash of 1987, Jordan founded his own firm, Stratton Oakmont with his longtime friend Danny Porush. They then proceeded to sell penny stocks to gullible investors by training their employees to never take no for an answer and make the stock seem out of this world. The company continued to grow and with all the money he was earning, Jordan developed a drug addiction. The company eventually went bust in 1996 with the government stepping in and putting a stop to their operation. Jordan served 22 months in prison and has to pay restitution costs every month until he dies.
Year 12 students would find this novel interesting to read because it shows a very good description of becoming rich through
…show more content…
Sure Jordan committed stock fraud and served 22 months in prison but he lived the high life for more than a decade breaking every law he could and getting away with all of it. It wasn 't until the end that he had to pay up to his wrongdoings and serve his time. This is relevant to year 12 students because it shows the high life that these people lived every day and while it was great for a short period of time, when it all came crashing down these people served jail sentences, lost all of their money and had no hope of working in that industry again. This teaches them that getting rich can be a great goal in life, but getting there by any other means than hard work won 't work in the long

Related Documents

  • Superior Essays

    In this article, David Cowen speculates on what role, if any, the First Bank of the United States played in the Panic of 1792. He notes that the cause of the crash is highly contested by historians, but analyzes new data that illuminates the bank’s actions that might have resulted in the crash. There is no firm conclusion presented, as he leaves it up to interpretation, but he presents strong arguments in favor of the idea that the bank had changed vital policies in the months prior to the crash that might have played a hand. For some background, Cowen mentions that the First Bank of the United States had a total of about 10 million dollars in capital, more than all the state-chartered banks, insurance companies, and canal turnpike companies combined.…

    • 1240 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Daniel H. Pink begins his book talking about Normal Hall, a man who is known to be the last Fuller Brush Salesman in the state of California. Pink uses Hall to demonstrate how sales have changed in the last decade: from door-to-door salesman to 1-click online purchases. He discusses that nowadays, is extremely easy to research and buy products online in comparison of how it used to be before the internet existed. Previously, salesmen worked as intermediaries between the company and the customer, however, according to Pink, they have become superfluous by only prolonging the time and raising the price of commercial transactions.…

    • 313 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Alpha Chapter Summary

    • 409 Words
    • 2 Pages

    Most Improved Chapter Award Entering the school year, the Alpha Chapter of Alpha Phi Alpha Fraternity, Inc. sought to close the community engagement gap between the Hill and Greater Ithaca. The members of Alpha made it their goal to serve as role models for young children from minority backgrounds living in the more urban areas. The Chapter in collaboration with Southside Community Center, Big Brothers Big Sisters, and Black Students United organized a holiday festival to create a space for young boys and girls of color in Ithaca to be able to interact and celebrate the spirit of the holidays with students at Cornell. Meaningful connections were made simply by delighting together in arts and crafts.…

    • 409 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    With America’s unstable health care system, there can be terrible repercussions from citizens being unable to obtain proper treatment. Sick: the Untold Story of America 's Healthcare Crisis-And the People Who Pay the Price by Jonathan Cohn investigates the history and impact America’s healthcare has had on various people around the United States. There are ten stories that showcase how the lack of a decent support system in health insurance can have big consequences on a person’s life. I think the book is good for any student or scholar who wants a look into the pro-universal healthcare point of view, but not for an objective idea of health care reform. Jonathan Cohn is a senior national correspondent at The Huffington Post.…

    • 1007 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In his book the Scraping By, Seth Rockman talks about how laborers in the 1800’s navigated their way through the market that was emerging. He also focuses on the diversity that was incorporated in the workforce, he did this by exploring how gender, race, nationality, and legal status impacted job and economic opportunities for working families in the early Republic. Rockman then goes on to talk about how different factors affected the economy, capitalism, and the growing market. Throughout the book, Rockman emphasizes his point and makes it clear and well known to the reader through the process of repetition, intersecting identities and also by connecting the past to something that the reader can relate to. What he could have done better was…

    • 1638 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Hundreds of people stand outside of workplaces everyday begging for a job, so Jurgis is extremely lucky. Once Jurgis and his family invest in buying a house, they were lied to and ripped off. Salesmen lie just so that he or she can take advantage of people for personal gain. This left the family with very little money to pay for rent along with food and other needs. The family financially struggles severely throughout the book and they lose their jobs a number of times, leaving them with no way to take care of one another.…

    • 573 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Dodd Frank Act

    • 1003 Words
    • 5 Pages

    Enron’s traders played as a free market’s and did whatever they could to outperform their stock and manipulate it as they wished. In turn, traders…

    • 1003 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    Male dominance in relation to female inferiority has had a lasting impression on society since early forms of entertainment. Over time, the media has developed a cultural standard and universal definition of what it means to be a man and the relevance of masculinity. In the film The Wolf of Wall Street, Jordan Belfort fulfills the definition of the quintessential macho man. His unethical behavior in muting feminism and devaluing the woman has a direct correlation to his increased value in an oversexed lifestyle and materialism.…

    • 1452 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Drugs, money, and girls are starting to become the trend in Hollywood. With huge hits such as The Wolf of Wall Street with the highly talented Leonardo DiCaprio as the notorious Jordan Belfort. The wolf of Wall Street can be used as a visual to show the different topics we talked about in class. This movie is based off of Jordan Belfort a white collar criminal on the streets of long island. There are many instances where what we discussed in lecture/discussion.…

    • 1173 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Big Short: Inside the Doomsday Machine is a book written by Michael Lewis, which was published back in 2010. The story is based on a few smart individuals around the country saw something that nobody else did. They detected a behavior with the financing of the housing market that would eventually hit critical mass. A few of the people ran into each other by mistake, where others were former neighbors. In the end, two sets of groups worked together to make a bet on the flip side of the market, a term called shorting but had never been offered on home loans.…

    • 934 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Becoming extremely rich should not be a goal, but instead to have a stable life where facing poverty doesn’t even become a choice. However, as a result of Barbara’s experiences in the novel Barbara has proven how difficult it is to be a low-wage worker, it also sets an example of how to face the reality of this world. As Reed Markham once said, “You can teacher better with your example than by your words”, reveals the significance of Barbara’s novel that connects to human race as she went through this experience personally rather then explaining the pain of…

    • 1820 Words
    • 8 Pages
    Great Essays
  • Great Essays

    Martin Scorsese’ s The Wolf of Wall Street (2013) is a based on the story of notoriously wealthy stockbroker Jordan Belfort that glorifies his rise to the top of Wall Street. Scorsese shows a glamorous world of Wall Street, where millions of dollars are made and the businessmen reap the benefits by living a fast life of drugs, hookers and fast cars. Although the movie is a fast paced and humorous, Scorsese points out many underlying issues with gender and how women are misrepresented in in gender roles, how women are being objectified, and other issues. This essay is a critical analysis of The Wolf of Wall Street (2013) showing how women are represented in the film and how it relates to topics discussed in class and underlying issues of gender…

    • 1823 Words
    • 8 Pages
    Great Essays
  • Superior Essays

    Robert T. Kiyosaki and best friend Mike, spent their late childhood into their teen years doing the opposite of what all other children were doing on the weekends, or during their free time. Robert and Mike spent their time furthering their education, but not about knowledge geared toward typical school learning. They chose to learn about financial literacy. These boys worked for a genius in the financial field, commencing their journey to being financially literate. Beginning to work at this void of knowledge for the greater majority of americans at such a young age, set them up for greatness.…

    • 1049 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Stratton Oakmont, Inc. was a Long Island, New York based "over-the-counter” brokerage company founded by Jordan Belfort. Stratton Oakmont is one of the well known and most controversial stock scandal of all times. Jordan Belfort also known as “wolf of wall street” was a stockbroker who ended up doing a big stock manipulation. He looted his clients by underwriting an initial public offer(IPO) for a company that doesn’t exist then they used pump and dump scheme to sell its self-owned stocks by giving false and positive statements so that they can sell the low-priced stocks at higher prices. Once an opened, company artificially manipulated the price of the share, since they had virtually all the shares.…

    • 1053 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    It showed us how conflict can effect a team and slow down work drastically. Conflict management must be dealt with in the right ways in order to solve the issue. It also gives us an idea of how ethical issues can cause a problem within a business: Graham cheated in the game and unfairly won it therefore this could of led to the wrong interns being chosen, not the ones who truly deserve it. The internship programme is an example of CSR which is studied intensely throughout Gr12. It gives us a better idea of the actual effort a business has to put in to achieve a successful CSR project.…

    • 1435 Words
    • 6 Pages
    Great Essays