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

I hope that’s more than a mom’s take.. I just knew that whatever I was doing was working, so I kept doing it. My attitude was, “What’s the point of making a lot of money, unless you’re going to enjoy it?’” so I tried to enjoy it. (Oh, and by the way, I understand Albert was also a big fan of shaking the snow globe.)Q. After that night I told myself I was allowed to relapse once a month, very private and nobody gets hurt. The thinking went, to compete you have to bend the rules. I guess this could add to the I.Q.

Angie said Excellent insight into the dark side of hedge funds and trading. Fascinating story. this is a well written book offering excellent insights into the dark side of hedge fund traders and Wall Streeet. As a former equity salesperson, I used to observe the crazy and immature antics of the (mostly male) traders on the trading floor and often wondered what happened to them. I'm sorry those wild parties expensed as 'client entertainment' facilitated your addiction. Turney, thank you for sharing this painful story with such honesty and candor. It was i. I Couldn't Put it Down You don't need to know anything about the market or hedge funds to read and understand the author's story. He write it in a way that you can understand and actually learn what was going on in the markets. You'll hear about his childhood and how he came to be a trader on the buy side. You'll hear his stories of wild excesses. You'll hear of the birth of his daughter and how his addiction to cocaine and alcohol lead him to 2 stints at rehab. All of this to come to his true passion o. diane grham said loved this book on many levels. loved this book. It is the amazing story of an enneagram 7 who is deeply honest, I found myself laughing out loud so much that my dog looked at me with that "what's so funny expression" which is pure delight. Duff is brutally honest, and his path is of interest beyond the stock market (although excellent coverage of a man who lived it) but is the story of a human beings spiritual journey of growth, the kind that comes from real pain and hard work. I highly recommend this book to a

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&