The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess Audiobook (Free)

NEW YORK Occasions BESTSELLER • A former Galleon Group trader portrays an after-hours Wall structure Road culture where drugs and sex are rampant and billions in trading commissions movement to those who dangle the most enticements.

A remarkable composing debut, filled with indelible moments, The Buy Part shows as no reserve ever gets 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 about The Buy Part: A Wall structure Street Trader’s Tale of Spectacular Excess expand his horizons. After attempting – and declining – to property a job like a journalist, he secured a trainee placement at Morgan Stanley and got his initial experience for the pecking purchase that is present in the trading pits. Those in the “buy side,” the traders who make huge wagers on whether a stock will rise or fall, are the “alphas” and those on the “sell aspect,” the agents who deal with their business, are wanting to please.

How wanting to please was brought house stunningly to Turney in 1999 when he attained the Galleon Group, a colossal hedge-fund administration firm run by secretive creator Raj Rajaratnam. Finally able to trade on his own, Turney was encouraged to socialize with the sell part and siphon from his brand-new broker close friends as much details as possible. Shortly he was not simply vacuuming up important suggestions but also becoming lured right into a variety of hedonistic pursuits. Naïve enough to trust he could keep up the approach to life without paying a cost, he managed to keep an eye on his buy-and-sell graphs and, meanwhile, pondered the strange goings on at Galleon, where tens of thousands were being made every week in sometimes incomprehensible ways.

At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to actually higher levels – and, as it turned out, plummeted to actually lower depths – as, by day, he solidified his popularity one of the Street’s most effective healthcare traders, and by evening, he blazed a path through the city’s nightclubs, revealing his interpersonal genius and voraciously inhaling any drug that would fill the void he sensed inside.

A mesmerizingly immersive trip through Wall Street’s first millennial 10 years, and a poignant self portrait by a young guy who surely would have destroyed himself were it not for his decision to walk away from a seven-figure annual income, The Purchase Side is one of the best coming-of-age-on-the-Street books ever written.