The Buy Side

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The Buy Side, by former Galleon Group trader Turney Duff, reveals a Wall Street culture rife with drugs and sex, where billions in trading commissions flow to those who entice the most. This remarkable debut captures the rewards and temptations of life on the Street. Growing up in 1980s Kennebunk, Maine, Duff sought to broaden his horizons. After failing to secure a journalism job, he landed a trainee position at Morgan Stanley, gaining insight into the trading hierarchy. The "buy side" traders, making large bets on stock movements, are the "alphas," while the "sell side" brokers strive to please them. Duff's experience at the Galleon Group in 1999, led by the secretive Raj Rajaratnam, marked a turning point. With newfound autonomy in trading, he was encouraged to socialize with brokers and gather valuable information. This led him into a world of hedonism, where he believed he could maintain his lifestyle without consequences. As he navigated the highs of trading and the lows of nightlife, he became a powerful healthcare trader while indulging in drugs to fill an inner void. This immersive journey through Wall Street’s early millennium decade serves as a poignant self-portrait of a young man who chose to walk away from a seven-figure income to save himself.