The Buy Side - A Wall Street Trader's Tale of Spectacular Excess-logo

The Buy Side - A Wall Street Trader's Tale of Spectacular Excess

Turney Duff

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

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
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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

Language:

English

Length:

8h 43m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

00:14


Chapter 2
Chapter 2

00:06


Chapter 3
Chapter 3

00:52


Chapter 4
Chapter 4

06:42


Chapter 5
Chapter 5

07:54


Chapter 6
Chapter 6

06:23


Chapter 7
Chapter 7

08:00


Chapter 8
Chapter 8

07:14


Chapter 9
Chapter 9

05:22


Chapter 10
Chapter 10

07:45


Chapter 11
Chapter 11

08:34


Chapter 12
Chapter 12

03:48


Chapter 13
Chapter 13

07:30


Chapter 14
Chapter 14

05:17


Chapter 15
Chapter 15

03:20


Chapter 16
Chapter 16

04:59


Chapter 17
Chapter 17

02:05


Chapter 18
Chapter 18

08:55


Chapter 19
Chapter 19

06:10


Chapter 20
Chapter 20

08:44


Chapter 21
Chapter 21

04:43


Chapter 22
Chapter 22

07:43


Chapter 23
Chapter 23

03:52


Chapter 24
Chapter 24

07:06


Chapter 25
Chapter 25

06:20


Chapter 26
Chapter 26

07:38


Chapter 27
Chapter 27

05:25


Chapter 28
Chapter 28

07:18


Chapter 29
Chapter 29

07:34


Chapter 30
Chapter 30

06:31


Chapter 31
Chapter 31

04:13


Chapter 32
Chapter 32

02:00


Chapter 33
Chapter 33

03:24


Chapter 34
Chapter 34

00:37


Chapter 35
Chapter 35

08:34


Chapter 36
Chapter 36

07:56


Chapter 37
Chapter 37

07:58


Chapter 38
Chapter 38

03:09


Chapter 39
Chapter 39

08:55


Chapter 40
Chapter 40

07:14


Chapter 41
Chapter 41

04:55


Chapter 42
Chapter 42

07:30


Chapter 43
Chapter 43

04:05


Chapter 44
Chapter 44

06:10


Chapter 45
Chapter 45

03:02


Chapter 46
Chapter 46

01:34


Chapter 47
Chapter 47

08:39


Chapter 48
Chapter 48

06:25


Chapter 49
Chapter 49

08:17


Chapter 50
Chapter 50

08:41


Chapter 51
Chapter 51

05:44


Chapter 52
Chapter 52

05:44


Chapter 53
Chapter 53

02:25


Chapter 54
Chapter 54

07:52


Chapter 55
Chapter 55

06:25


Chapter 56
Chapter 56

07:51


Chapter 57
Chapter 57

03:01


Chapter 58
Chapter 58

07:32


Chapter 59
Chapter 59

05:52


Chapter 60
Chapter 60

04:33


Chapter 61
Chapter 61

04:40


Chapter 62
Chapter 62

00:20


Chapter 63
Chapter 63

08:01


Chapter 64
Chapter 64

04:12


Chapter 65
Chapter 65

05:04


Chapter 66
Chapter 66

08:04


Chapter 67
Chapter 67

04:07


Chapter 68
Chapter 68

08:10


Chapter 69
Chapter 69

08:12


Chapter 70
Chapter 70

06:09


Chapter 71
Chapter 71

09:02


Chapter 72
Chapter 72

05:22


Chapter 73
Chapter 73

08:44


Chapter 74
Chapter 74

07:47


Chapter 75
Chapter 75

03:19


Chapter 76
Chapter 76

04:57


Chapter 77
Chapter 77

04:51


Chapter 78
Chapter 78

04:32


Chapter 79
Chapter 79

03:29


Chapter 80
Chapter 80

05:22


Chapter 81
Chapter 81

08:00


Chapter 82
Chapter 82

03:15


Chapter 83
Chapter 83

07:00


Chapter 84
Chapter 84

05:52


Chapter 85
Chapter 85

03:17


Chapter 86
Chapter 86

05:13


Chapter 87
Chapter 87

04:38


Chapter 88
Chapter 88

06:26


Chapter 89
Chapter 89

04:53


Chapter 90
Chapter 90

07:15


Chapter 91
Chapter 91

05:39


Chapter 92
Chapter 92

02:36


Chapter 93
Chapter 93

00:30