The buy side: a Wall Street trader's tale of spectacular excess

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New York Times Bestseller The Buy Side, by former Galleon Group trader Turney Duff, portrays an after-hours Wall Street culture where drugs and sex are rampant and billions in trading commissions flow to those who dangle the most enticements.nbsp; A remarkable writing debut, filled with indelible moments, The Buy Side shows as no book ever has the rewards - and dizzying temptations - of making a living on the Street. nbsp; Growing up in the 1980's Turney Duff was your average kid from Kennebunk, Maine, eager to expand his horizons. After trying - and failing - to land a job as a journalist, he secured a trainee position at Morgan Stanley and got his first feel for the pecking order that exists in the trading pits.nbsp; Those on the "buy side," the traders who make large bets on whether a stock will rise or fall, are the "alphas" and those on the "sell side," the brokers who handle their business, are eager to please. nbsp; How eager to please was brought home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management firm run by secretive founder Raj Rajaratnam.nbsp; Finally in a position to trade on his own, Turney was encouraged to socialize with the sell side and siphon from his new broker friends as much information as possible.nbsp; Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits.nbsp; Naïve enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on hisnbsp;buy-and-sell charts and, meanwhile, pondered the strange goings on at Galleon, where tens of millions were being made each week in sometimes mysterious ways. nbsp; At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights - and, as it turned out, plummeted to even lower depths - as, by day, he solidified his reputation one of the Street's most powerful healthcare traders, and by night, he blazed a path through the city's nightclubs, showing off his social genius and voraciously inhaling any drug that would fill the void he felt inside. nbsp; A mesmerizingly immersive journey through Wall Street's first millennial decade, and a poignant self portrait by a young man who surely would have destroyed himself were it not for his decision to walk away from a seven-figure annual income, The Buy Side is one of the best coming-of-age-on-the-Street books ever written.

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ISBN:
9780770437152
077043715
9780385360265
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Grouping Information

Grouped Work ID 3d761643-2002-ef95-3069-bcf9632eb479
Grouping Title buy side a wall street traders tale of spectacular excess
Grouping Author duff turney
Grouping Category book
Last Grouping Update 2018-07-15 23:02:48PM
Last Indexed 2018-07-15 23:35:35PM

Solr Details

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display_description A memoir from former Galleon Group trader Turney Duff which portrays an after-hours Wall Street culture where drugs and sex are rampant and millions in trading commissions flow to those who dangle the most enticements, exploring the dizzying temptations of making a living on the Street.
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primary_isbn 9780770437152
publishDate 2013
record_details ils:CARL0000413984|Book|Books|1st ed.|English|Crown Business,|©2013.|308 pages ; 25 cm., overdrive:986b11ad-b51c-4062-8c5e-b2c92c4a98e9|eAudiobook|Audio Books||English|Books on Tape|2013|
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subject_facet Duff, Turney, Finance -- United States, Investment advisors -- United States, Stockbrokers -- United States -- Biography
title_display The buy side : a Wall Street trader's tale of spectacular excess
title_full The Buy Side A Wall Street Trader's Tale of Spectacular Excess, The buy side : a Wall Street trader's tale of spectacular excess / by Turney Duff
title_short The buy side :
title_sub a Wall Street trader's tale of spectacular excess
topic_facet Biography & Autobiography, Business, Duff, Turney, Finance, Investment advisors, Nonfiction, Stockbrokers