Turney Duff: The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
Description
"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. 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.
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. 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.
"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. 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. Soon he was not just vacuuming up valuable tips but also being lured into a variety of hedonistic pursuits. Naive enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on hisbuy-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.
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.
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."
With an Introduction and Notes by Doreen Roberts, University of Kent at Canterbury. Illustrations by Hablot K. Browne (Phiz). Bleak House is one of Dickens' finest achievements, The Buy Side: A Wall Street Trader's Tale of Spectacular Excess download PDF establishing his reputation as a serious and mature novelist, as well as a brilliant comic writer. It is at once a complex mystery story that fully engages the reader in the work of detection, and an unforgettable indictment of an indifferent society. Its representations of a great city's underworld, and of the law's corruption and delay, draw upon the author's personal knowledge and experience. But it is his symbolic art that projects these things in a vision that embraces black comedy, cosmic farce, and tragic ruin. In a unique creative experiment, Dickens divides the narrative between his heroine, Esther Summerson, who is psychologically interesting in her own right, and an unnamed narrator whose perspective both complements and challenges hers.
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Author: Turney Duff
Number of Pages: 320 pages
Published Date: 15 Jun 2013
Publisher: Random House USA Inc
Publication Country: New York, United States
Language: English
ISBN: 9780770437152
Download Link: Click Here
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