The Snowball: Warren Buffett and the Business of Life
Quotes from the Book
Act as if! Act as if you're a wealthy man, rich already, and then you'll surely become rich. Act as if you have unmatched confidence and then people will surely have confidence in you. Act as if you have unmatched experience and then people will follow your advice. And act as if you are already a tremendous success, and as sure as I stand here today - you will become successful.
You don’t choose who you fall in love with, do you? And once you do fall in love—that obsessive sort of love, that all-consuming love, where two people can’t stand to be apart from each other for even a moment—how are you supposed to let a love like that pass you by?
If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learnt enough. Do it differently each time. One day, you will do it right. Failure is your friend.
Without action, the best intentions in the world are nothing more than that: intentions.
There’s no nobility in poverty.
I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.
The easiest way to make money is -create something of such value that everybody wants and go out and give and create value, the money comes automatically.
I've got the guts to die. What I want to know is, have you got the guts to live?
They were drunk on youth, fueled by greed, and higher than kites.
And from the time I was a kid, I've had this internal monologue roaring through my head, which doesn't stop - unless I'm asleep. I'm sure every person has this; it's just that my monologue is particularly loud. And particularly troublesome. I'm constantly asking myself questions. And the problem with that is that your brain is like a computer: If you ask a question, it's programmed to respond, whether there's an answer or not. I'm constantly weighing everything in my mind and trying to predict how my actions will influence events. Or maybe manipulate events are the more appropriate words. It's like playing a game of chess with your own life. And I hate fucking chess!
And my wife…well, I guess she’d earned her scene with me, but still; did she really have that much reason to be angry? I mean, when she married me she knew what she was getting into, didn’t she? She had been my mistress, for Chrissake! That spoke volumes, didn’t it”?
The three of us exchanged glances but said nothing. After all, what was there to say? The truth was that hookers did take credit cards—or at least ours did! In fact, hookers were so much a part of the Stratton subculture that we classified them like publicly traded stocks: Blue Chips were considered the top-of-the-line hooker, zee crème de la crème. They were usually struggling young models or exceptionally beautiful college girls in desperate need of tuition or designer clothing, and for a few thousand dollars they would do almost anything imaginable, either to you or to each other. Next came the NASDAQs, who were one step down from the Blue Chips. They were priced between three and five hundred dollars and made you wear a condom unless you gave them a hefty tip, which I always did. Then came the Pink Sheet hookers, who were the lowest form of all, usually a streetwalker or the sort of low-class hooker who showed up in response to a desperate late-night phone call to a number in Screw magazine or the yellow pages. They usually cost a hundred dollars or less, and if you didn’t wear a condom, you’d get a penicillin shot the next day and then pray that your dick didn’t fall off. Anyway, the Blue Chips took credit cards, so what was wrong with writing them off on your taxes? After all, the IRS knew about this sort of stuff, didn’t they? In fact, back in the good old days, when getting blasted over lunch was considered normal corporate behavior, the IRS referred to these types of expenses as three-martini lunches! They even had an accounting term for it: It was called T and E, which stood for Travel and Entertainment. All I’d done was taken the small liberty of moving things to their logical conclusion, changing T and E to T and A: Tits and Ass!
If I earn a million dollars a week and the average American earns a thousand dollars a week, then when I spend twenty thousand dollars on something it’s the equivalent of the average American spending twenty dollars on something, right?
But what I sincerely hope is that my life serves as a cautionary tale to the rich and poor alike; to anyone who’s living with a spoon up their nose and a bunch of pills dissolving in their stomach sac; or to any person who’s considering taking a God-given gift and misusing it; to anyone who decides to go to the dark side of the force and live a life of unbridled hedonism. And to anyone who thinks there’s anything glamorous about being known as a Wolf of Wall Street. BOOK I
[Aunt] Patricia smiled, and we walked in silence for a while. But it wasn't a poisonous silence. It was the sort of silence shared by two people who're comfortable enough not to force a conversation ahead of its logical progression. I found this woman's company to be incredibly soothing.
inside the restaurant young Strattonites carried on their time-honored tradition of acting like packs of untamed wolves.
Victor was Chinese by birth and Jewish by injection, having been raised amid the most savage young Jews anywhere on Long Island: the towns of Jericho and Syosset.
I had considered changing my phone number, but I was so far behind on my phone bill that NYNEX was after me too.
People don’t buy stock; it gets sold to them. Don’t ever forget that.
I don’t think you’re cut out for this job. You look like a kid, and Wall Street’s no place for kids. It’s a place for killers. A place for mercenaries. So in that sense you’re lucky I’m not the one who does the hiring around here.
Listen, guys, fucking around with midgets ain’t no joke. Pound for pound they’re stronger than grizzly bears, and, if you want to know the truth, they happen to scare the living shit out of me. So before I approve this midget-tossing business, you need to find me a game warden who can rein in the little critter if he should go off the deep end. Then we’re gonna need some tranq darts, a pair a handcuffs, a can of Mace—” Wigwam
But what was wrong with that? They were drunk on youth, fueled by greed, and higher than kites.
I laughed right along with her, but inside I was dying. There were certain things that you just didn’t joke about; it was simply bad luck. It was like pissing in the fate god’s eye. If you did it long enough, he was certain to piss right back at you. And his urine stream was like a fucking fire hose. But
It was a hefty sum, $5 million, and in truth it had little to do with setting them up. In point of fact, they paid me out of loyalty, and out of respect. And at the very crux of it, what held it all together was the fact that they still considered themselves Strattonites. And I considered them such too.
Vấn đề của bạn là gì? Tôi muốn bắt tay với vấn đề của bạn bằng cách trở nên giàu có
contrary to previous assumptions, young men and women who possess the collective social graces of a herd of sex-crazed water buffalo and have an intelligence quotient in the range of Forrest Gump on three hits of acid, can be taught to sound like Wall Street wizards, as long as you write every last word down for them and then keep drilling it into their heads again and again—every day, twice a day—for a year straight.
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About Jordan Belfort
About the book
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 and ran up a $700,000 hotel tab, to the wife and kids waiting 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 . . .
THE 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 astounding and hilarious tell-all autobiography, Belfort narrates a story of greed, power, and excess that no o
Book details
- First published
- 2007
- Author
- Jordan Belfort
- Genre
- Nonfiction
- Goodreads rating
- 3.75 (40k ratings)
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