Just finished “The Buy Side” by Turney Duff. This inspirational story earned the title of “Amazon’s 2013 Best Book of the Year.”
The true story of Turney Duff, an ordinary kid from Maine who moves to the Big Apple to start a career on Wall Street. Turney meets characters who represent a Wall Street culture of alpha dogs. He begins his career as a sales assistant and quickly learns what life as the new guy really means. He experiences first hand the testosterone filled, trial by fire that is Wall Street.
Turney Duff aspires to be a “buy side” trader. On Wall Street, buyers are the top dogs. Sellers line up to impress buyers in hopes of profitable future relationships. The lengths some sellers are willing to go to win influence has become legendary.
It doesn’t happen overnight, but eventually Turney achieves his goal of becoming a buyer at Galleon Capital. Though there’s gold at the end of Turney’s rainbow, many new challenges begin to arise and a new more turbulent chapter of his life begins. Eventually, Interoffice politics and ethically questionable practices at Galleon push Turney to make another career move. He leaves Galleon to become the Senior buyer at Argus.
Now Turney has really made the big time. Whether it’s box seats at the World Series, front row tickets at the hottest concerts or court side at the NCAA basketball finals, Turney is living the life most can only dream of. Single and rich with a network of wealthy associates jockeying for his attention, Turney is on top of the world.
Turney’s success and fortune grow but so too does his drinking and drug use. What began as an occasional fix develops into an addiction and what started as a fairy tale soon turns to a nightmare. Turney is his own worst enemy and the cause of his own demise.
After a failed stint in rehab, Turney decides to embrace his journalistic calling and begins writing a new story for himself. A story of sobriety. Writing “The Buy Side,” Turney found a cathartic and creative outlet that helps keep his demons at bay. The candor in which the author holds a mirror up to his past is honest and refreshing. As a reader I felt empathy. I understood that he fell victim, as so many do, to the pitfalls of addiction.
The book is a cleverly written tragedy which ends on an inspirational note. It is a relevant and historical look at the the stock markets’ dynamic nature and those who make their living on Wall Street. From the boom of the early 2000’s to the sub-prime crash of 2006, Turney’s story is one that mirrors the volatile nature of life on Wall Street.
Read more "Book Review: “The Buy Side” by Turney Duff"