Tag Archives: Finance

Wolf of Wall Street

Title: Wolf of Wall Street
Author: Jordan Belfort
Publisher: Bantam Books, 2007
Summary/Review: It’s hard to believe that this book is non-fiction because Jordon Belfort, the author and main character of the book, has portrayed his meteoric rise from lowly assistant stockbroker a mega-millionaire as such a farce.  I am sure that there are financial and stock market insights to be gleaned from reading this book, but it is so funny that you don’t care.  The author describes in excruciating detail his all-encompassing desire to eat, drink, self-medicate, and debauch to his heart’s content.  All while earning millions of dollars each month.  He takes us behind the scenes of manipulated IPO’s, some of which seem to be created exclusively to enrich him and his firm.  By the time he is caught out by federal authorities for money laundering, insider trading, and other financial crimes he has been married twice, had two children, and achieved the ripe old age of 36!  This is a morality story but again it is so funny, page after page, that you can simply enjoy it.
This book has been made into a movie starring Leonard DeCaprio.
Who will like this book?If you saw (and enjoyed) the movie, we always recommend reading the book!  If you’re looking for a funny read about a very serious topic.  If you’re interested in memoirs, finance, or comedy!
If you like this, try this: Belfort has written another book about his exploits (and ultimately, his downfall) in “Catching the Wolf of Wall Street”.  If you felt there was anything lacking, this second book of stories may fill in the gaps.  If you’re looking for more information and stories dealing with Wall Street and the people who run it, try “House of Cards” by William Cohan (who also writes “The Last Tycoons”).  Greg Smith also wrote a piece for the New York Times, “Why I Left Wall Street”, which has since been turned into a book after 3 million readers logged onto the Times website to see his account.  This one has a much darker view on the excess and extravagance of Wall Street. 
Recommended by: Mark Z, Guest Reviewer
If you’d like to read this book, visit the Fairfield Public Library catalog to see if it’s available and/or place a hold!

The Fear Index

fear index

Title: The Fear Index

Author:  Robert Harris

Publisher: Knopf, 2012

Summary/Review: If you like to read about the stock market,financial markets worldwide, and are concerned about the gyrations in the markets caused by computers using mathematical formulas for lightning fast trades (Remember the flash crash?) then this work of fiction is for you.

Dr. Alex Hoffmann, the main character, is a mathematical genius and is obsessed with artificial intelligence.  When he is unable to continue his work at CERN(due to a mental breakdown), he turned to the development of  a form of artificial intelligence, VIXAL, that utilizes a set of algorithms to buy and sell financial instruments based on what in reality is known as the VIX or volatility index, otherwise known as “the fear index”. The computers monitor events worldwide, and when the sense “fear” they will buy or sell — depending on the situation. Dr. Hoffmann and his hedge fund company become ultra-rich and everyone is very happy with the working of VIXAL–  until events start to go terribly wrong – starting with an intruder at Hoffmann’s home.

At the beginning of each chapter there is a quotation from Charles Darwin’s Origen of the Species– a work about evolution and natural selection.  At first you may not make the connection between the twists and turns of the plot and the quotation, but as you near the end of the book you realize WHAT has been evolving right under the nose of Dr. Hoffmann.

Recommended by: Sue Z, Reference Librarian

Who will like this?: Those who are interested in Artificial Intelligence and its impact on human life.  Those who are looking for a thriller with lots of twists and turns.

If you like this, try this:  If you liked Robert Harris’ writing, he has a number of other books such as “The Ghost” and “Lustrum”.   If the topic of Artificial Intelligence interests you, try the classic “2001: A Space Odyssey” by Arthur Clarke or “I, Robot” by Isaac Asimov.

If you are trying to break into the science fiction genre, try the classic “Ender’s Game” by Orson Scott Card or “Fahrenheit 451” by Ray Bradbury.  More recent science fiction includes the Hunger Games series by Suzanne Collins or “Insurgent” by Veronica Roth.

If this looks like a book you’d like to read, visit the Fairfield Public Library catalog to see if it’s available and to place a hold!