The Buy Side
A Wall Street Trader's Tale of Spectacular Excess
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Narrated by:
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Turney Duff
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By:
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Turney Duff
About this listen
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.
Great read
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Interesting book
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What made the experience of listening to The Buy Side the most enjoyable?
This guys saw real excesses from up close and personal. If you thought the Wolf of Wall Street was good. This is much more believable from my stand-point. Whilst I do not think the life of Mr. Duff is often experienced on Wall Street, it is a genuine account. One that readers can relate to as it depicts exceptional (and often hilarious) excesses but from the perspective of someone who had the perspective of appreciating how high in the stratosphere he was. The story reads like one devours a candy bar. Hard to press pause - you'll be done in no time. One of my top 3 favorite in 2014. No doubt.If you made a film of this book, what would be the tag line be?
Excesses and exesHighly entertaining and believable
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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 dayAn eye opener - on buy side
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