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

Author:Duff, Turney [Duff, Turney]
Language: eng
Format: epub, mobi
ISBN: 9780770437169
Publisher: Crown Publishing Group
Published: 2013-06-04T04:00:00+00:00

BY THE spring of 2003, Argus Partners assets under management exceed the one-billion-dollar mark and we continue to grow. It’s as if we’re printing money. We’re up, so we press. As we make more money, our bets get bigger. Galleon healthcare is a distant memory. When the Street thinks about healthcare, they think about Argus. When the Street thinks about trading healthcare, they think of me.

You really don’t see it coming, the change. It’s not like you get a memo or a tap on the shoulder from your boss telling you you’re relevant now. No, you just wake up and your entire world is different. You’re on every guest list, the tab is always picked up, and you’re invited everywhere by your new “best” friends. I’m not saying it isn’t exciting—it is. I sat on the fifty-yard line at last year’s Super Bowl, one of the greatest ever played. The Patriots, a two-touchdown underdog, beat the Rams in overtime on Adam Vinatieri’s field goal; I had even better seats at the double-overtime championship game the Miami Hurricanes and Ohio State Buckeyes played in Tempe; I went to the Sundance Film Festival. There, I stayed in a seven-bedroom chalet on the ski mountain. I’ve taken helicopters to the Hamptons, and private jets to Vegas.

Although things are great, I feel like something is missing. I wonder what Lily is doing. The main reason I don’t ever get serious with women is because I hate the breakup. Anything after a few dates requires “the talk,” and I hate the talk. When I called her, we didn’t make plans to meet again. We just said good night. The phone calls back and forth started to become further and further apart, with no plans being made. One day the calls just stopped coming and she faded to the background. I’m not sure if I left her in my wake or she left me in hers. I guess it doesn’t really matter. I think I miss my old life. Because of business dinners and spending too much time with Randy and James at the White House, I rarely spend time with my roommates anymore. Before I started working on the buy side, Jason and I were always out together. We had a schedule: on Wednesdays it was Gentleman Jacks on the Upper West Side, Thursdays we went to Dakota on the Upper East Side, and Friday and Saturday we’d bar hop and always end up at Red Rock West. We also had our own bar routines. Sometimes we’d start with the invisible double Dutch move. We’d clear a circle and get two guys to pretend to be turning the ropes as we jumped. Or we’d do our Annie bit. We’d get on our hands and knees, pretend to scrub the floors, and sing “It’s a Hard Knock Life.” We were a team, like Bert and Ernie, Butch and Sundance, or Laverne and Shirley. We’d been performing together for so long, we no longer had to rehearse our lines.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.