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Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits | |||
Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits |
'If Martin Scorsese's film The Wolf of Wall Street is about the finance industry's greediest adults, Kevin Roose's Young Money is a look at those wolves as cubs' Amazon.com 'Best Book of the Month'
Every year, thousands of eager graduates are hired by the world's financial giants, where they're taught the secrets of making obscene amounts of money -- as well as how to dress, talk, date, drink, and schmooze like real financiers. Young Money is the exclusive, inside story of this well-guarded world.
Investigative reporter Kevin Roose shadows eight rookies as they are exposed to the exhausting workloads, huge bonuses, and recreational drugs that have always characterized Wall Street life. But they experience something new, too: an industry forever changed by the massive financial collapse of 2008. And as they get their Wall Street educations, they face hard questions about morality, prestige, and the value of their work.
'A great new read that doubles as a post-crash update to Michael Lewis' Liar's Poker - Mother Jones
'A fun fast read that will make you laugh out loud' Fortune Magazine
媒体推荐Roose's book is like a 21st-century Der Struwwelpeter, a cautionary tale for the young and gifted (Daily Mail)
An excellent book . . . asks a serious and important question: is this really the best use we can make of our brightest young people, to turn them into conformist drones who will mock anyone who turns up at the office in slightly too colourful a tie (Irish Daily Mail)
Kevin Roose is a business and technology writer for New York magazine and NYMag.com. Previously, he was a staff reporter for the New York Times, where he covered Wall Street for the business section and for DealBook, the Times' award-winning financial news site. He is the author of The Unlikely Disciple, and his writing has appeared in GQ, Esquire, ESPN: The Magazine, and other major publications.
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Prior to this, I read Liquidated by Karen Ho, an anthropologist who worked on the inside and had similar tales to tell of Wall Street. Kevin Rose is a journalist, and there is a significant difference on how the "story" of Wall Street is told. Both books are worth the read, so my comment should not be construed as a criticism of Karen Ho's. Kevin Roose provides a lighter read on the subject, but it is a good read because he focuses more on the stories of individuals and how their lives change. Kevin was not an insider, but through the lives of first year's analyst that he followed, you begin to understand the transformation or solidification of personal values through the first two years of the Wall Street machine. It's not just reporting, Roose tells their story as a story teller. His role as a journalist is significant because only a the presence of journalist would have been the catalyst for the reaction when his cover at a Wall Street banquet was blown. That reaction tells you a lot about how Wall Street bankers think - they don't deny their money centric value system, they relish in it.
The author pens sweeping tale on post-2008 Wall Street, focusing on the work & lives of 8 recent hires to top banks. Kevin Roose of the New York Times charts these young people's career growth as they take on one of America's most reviled and formidable industries only years after the financial crisis.
The author claims to be intrigued by these young people, but often colors his work with revulsion towards the big banks, his subjects' employers, for their role in the financial crisis. The author remains generally objective in evaluating his subjects and their stories are well-framed with applicable details from the news. Ultimately, Roose's tale is enjoyable but cannot be considered as objective as he intends.
I have been a Kevin Roose fan for years reading his articles, and enjoying his narrative voice. I loved his article on the secret wall street club. I liked this book a lot- it was a quick read, and it was interesting following the lives of these wall street kids after the crash. I enjoyed it because these are my peers and I always felt like the go to fiance culture books aka liars poker, monkey business were not really indicative of what was going on today- in the post crash world. It's nice to lift the veil on the true culture- which is take out containers and cubicles. The book follows about 6-7 grads who enter the finance world. I think there were too many people to focus on and takes you in and out of the book b/c i would have to consistently remember who was who- or what story was which. Also it made you care about the kids less- in addition i think after about 100 pages you get the jist and it was a bit repetitive.
This book delivers on what it sets out to do. If you are interested in the financiers of the world no matter your contempt for them or because you want to be one of them, this book is a must read. It gives you inside perspective of some junior level employees who battle opitmisim through financial stability and distress due to the type of job and and ironically job stability. Pick it up, if you really want to understand what it takes or how people manage or put through other people's s*** to become one of the high flying financiers you imagine when you hear or read of investment bankers.
I enjoyed the book for what I was looking for - to learn a little bit about the culture, workload and life of young investment bank employees. That said, the author spends an enormous amount of time letting you know that he thinks that one must check one's morals and integrity to be able to work in the industry. He also ends the book by telling you about the negative changes to these young people's personalities after a few years on the job. First - i simply disagree that finance is morally questionable. People in a whole host of industries are caught doing unethical things - Wall Street is no different, of course. Secondly, the changes he saw amongst his subjects might be, to a large extent, chalked up to adulthood. All of my college friends went through similar changes as they began to work full time, pay their own bills, etc. i enjoyed the book, but the bias was a frequent thorn under the saddle.
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