Number of page: 296
Publisher: Crown Publishing Group, 2013
Category: Biography & Autobiography
New York Times BestsellerThe 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. Naïve enough to believe he could keep up the lifestyle without paying a price, he managed to keep an eye on his 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. 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.From the Hardcover edition.
- A Google User
THE BUY SIDE: A Wall Street Trader’s Tale of Spectacular Excess Former Wall Street party boy tells his cautionary rags-to-riches-to-rags story.Finally reaching the proverbial palace of wisdom after years of greed and high-stakes drugs-and-money excess, former big-spending trading whiz and recovering addict Duff turns in a heavyweight confessional about the perils of a life spent chasing the almighty dollar. From sleepy Kennebunk, Maine, Duff moved to New York
- Lois Miller
Awesome read! Had some problems reading it on Chrome so had to switch to my phone but willing to read it there cuz its just that good!
- Ahmed Javaid
Couldn’t put this book down! Amazing read
- eric heinecke
Couldn’t put it down Authentic and inspiring. A good story of someone’s Wall Street lifestyle and the good, bad and ugly results.
- Tim Rouillard
Great skills as a writer! Can’t wait for the next one from Turney
- Qiong Gao
A great read I’ve read it a couple of times. Great storyline because it’s so real.
- Ty B
The buyside Great book if your into wallstreet and the crazy personalities that go along with!!
- Alixandria Arungah
A great read with a great voice The book isnt poignant or eloquent, in it’s writing, but it’s honest and well written. I read the whole thing in less than 24 hours, it was very interesting despite me knowing nothing about Wall St or finance. Definitely recommend.
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