Download The Buy Side: A Wall Street Trader's Tale of Spectacular Excess AudioBook Free
The Buy Side, by former Galleon Group investor Turney Duff, portrays an after-hours Wall Road culture where drugs and gender are rampant and billions in trading commissions move to those who dangle the most enticements. A impressive writing debut, filled up with indelible occasions, The Buy Side shows as no e book ever gets the rewards - and dizzying temptations - of earning a living on the Street. Growing up in the 1980's Turney Duff was your average kid from Kennebunk, Maine, wanting to increase his horizons. After striving - and failing - to land a job as a journalist, he anchored a trainee position at Morgan Stanley and acquired his first feel for the pecking order that is out there in the trading pits. Those on the "buy aspect," the traders who make large wagers on whether a stock will climb or fall, will be the "alphas" and those on the "sell aspect," the brokers who manage their business, are wanting to please. How keen to please was helped bring home stunningly to Turney in 1999 when he arrived at the Galleon Group, a colossal hedge-fund management organization run by secretive founder Raj Rajaratnam. Finally in a position to trade by himself, Turney was urged to socialize with the sell aspect and siphon from his new broker friends all the information as it can be. 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 cost, he managed to keep an eye on his buy-and-sell graphs and, in the meantime, pondered the strange goings on at Galleon, where tens of hundreds of thousands were being made each week in sometimes mystical ways. At his next positions, at Argus Partners and J.L. Berkowitz, Turney climbed to even higher heights - and, as it proved, plummeted to even lower depths - as, by day, he solidified his reputation one of the Street's most effective healthcare traders, and by night time, he blazed a journey through the city's nightclubs, revealing his public genius and voraciously inhaling any drug that would fill up the void he felt inside. A mesmerizingly immersive quest through Wall Street's first millennial 10 years, and a poignant self-portrait by a young man who surely would have demolished himself were it not for his decision to leave from a seven-figure twelve-monthly income, The Buy Side is one of the better coming-of-age-on-the-Street books ever before written.
