"Buy Side: A Wall Street Trader's Tale of Spectacular Excess" will probably encourage members of Generation Z to do whatever to get into that game.
Its author Turney Duff captures a world of power, wealth, drugs, booze and babes. What could be better?
Duff also make it seem that you don't have to be a special type to succeed in game's elite part - hedge funds. He attended non-elite Ohio State and majored in journalism.
When he went to New York after college he pounded the pavement for a job in public relations or publishing. None came through. Discouraged he called Mom back in Maine. She put him in touch with his uncle on Wall Street.
His first break was a trainee position at Morgan Stanley. Then he leaped into the big time at that Galleon Fund. Yes, that's the fund which sent its founder Raj Rajaratnam and McKinsey guy Rajat Gupta to the slammer for insider trading. Next two jobs were at Argus Partners and J.L. Berkowitz.
Those on the sell side do backflips to please those like Duff on the buy side. So he had total access to the most wonderful perks, be they escort services or "insider" information about what club bathrooms it was okay to do cocaine in.
Also, the actual work was fascinating. He had all the intellectual stimulation he would have had as a journalist for financial media. Plus he was able to rent an apartment in Manhattan back in 2002 for more than nine thousand a month.