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The Buy Side

A Wall Street Trader's Tale of Spectacular Excess

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The Buy Side

By: Turney Duff
Narrated by: Turney Duff
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Summary

NEW YORK TIMES BESTSELLER A former Galleon Group trader 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.

Business Investing & Trading Personal Finance Professionals & Academics Investing Wall Street Thought-Provoking Inspiring
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It's an enjoyable listen. If you like books about trading and some of the madness that goes with it, then you'll like it. Well read. Go for it

Better than expected

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Would you recommend this audiobook to a friend? If so, why?

I picked this book immidiaty after hearing ' wolf of wallstreet'
I thought it wd be same same and but its different and interesting:)

What did you like best about this story?

The reality bites hard. The way author then walked away fm wallstreet career, his narrattion and story.

Any additional comments?

Free things , Free meals and free favours wd spoil u one day

An eye opener - on buy side

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Brilliant story and I could listen to his voice all day - the writer/narrator tells the story so well. Great story, kept me gripped. I really felt I connected with what the writer was saying too. Recommend!

I enjoyed the author’s narration

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Thoroughly enjoyed listening to this. Felt like I was on the journey with Turney and it was a very engaging audio-book.

Amazing

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I really liked the structure of the book from cradle to grave of Turney Duffs Wall Street career. The good the bad and the ugly of living in excess. Definitely worth adding to your read list.

Great insight to historical events on Wall St.

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