The Buy Side by Turney Duff
A Wall Street Trader's Tale of Spectacular Excess

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That said, this is an entertaining and cautionary tale, well worth your time. I can imagine parents out there who might give it to children pondering Wall Street careers.
-NY Times

Synopsis

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.




From the Hardcover edition.
 

About Turney Duff

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Turney Duff has worked on Wall Street since 1994, including at Morgan Stanley, the Galleon Group, Argus Partners, and J.L. Berkowitz. A graduate of Ohio University E.W. Scripps School of Journalism, he has written and executive-produced two short movies and under his rap name "Cleveland D," was partly responsible for the infamous Galleon song, "On the Good Ship Galleon." He currently lives in Long Island City.
 
Published June 4, 2013 by Crown Business. 322 pages
Genres: Biographies & Memoirs, Business & Economics, Health, Fitness & Dieting, Self Help. Non-fiction
Bestseller Status:
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Peak Rank on Jun 23 2013
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Critic reviews for The Buy Side
All: 3 | Positive: 3 | Negative: 0

Kirkus

Good
on Apr 16 2013

Duff's down-to-earth conversational writing style demystifies the daily business of what a stock trader actually does and just how a hedge fund can pull so many billions of dollars seemingly out of thin air.

Read Full Review of The Buy Side: A Wall Street T... | See more reviews from Kirkus

Publishers Weekly

Good
on Apr 01 2013

His fast-paced tale will absorb readers, taking them along for a wild ride...

Read Full Review of The Buy Side: A Wall Street T... | See more reviews from Publishers Weekly

NY Times

Good
Reviewed by Bryan Burrough on Jun 01 2013

That said, this is an entertaining and cautionary tale, well worth your time. I can imagine parents out there who might give it to children pondering Wall Street careers.

Read Full Review of The Buy Side: A Wall Street T... | See more reviews from NY Times

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Karen Russo

Karen Russo 5 Sep 2013

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