The Buy Side: A Wall Street Trader's Tale of Spectacular Excess
Written by Turney Duff
Narrated by Turney Duff
4.5/5
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Currently unavailable
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About this audiobook
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. 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.
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Reviews for The Buy Side
65 ratings8 reviews
- Rating: 5 out of 5 stars5/5This book is very entertaining and very sad. It is definitely not boring! I highly recommend it!
- Rating: 4 out of 5 stars4/5This book makes you Think about your job and whats really matters to you. I really enjoyed listening this book
- Rating: 5 out of 5 stars5/5felt like a movie... the words jump out at you, you feel everything, from the anxiety of an interviewee on wall street to the powerful strength of the top player and back to the dark depressing hollow helplessness Turney must have felt while using drugs. My question now is, if you don't do extreme stuff, will you survive in wall street?
- Rating: 5 out of 5 stars5/5What a great book! I’m sorry he got addicted to drugs. That’s sad. Wall Street sounded funny and thrilling on the Buy Side. People will do anything for money. I was hanging on the edge of my earphones the whole time! Great writing!
- Rating: 5 out of 5 stars5/5This was a very INTENSE story that kept my attention.
- Rating: 5 out of 5 stars5/5Excellent autobiography! This book will keep you at the peak of your attention from start to finish!
- Rating: 5 out of 5 stars5/5This is tale like no other about the Wall Street. Couldn't stop listening as it is captivating as live action movie
- Rating: 5 out of 5 stars5/5The amazing thing about this book is that it shows you different perspectives about the relationship between the job and the personal life. It really makes you think whats important, so I'd definetely recommend it!