The Scary Truth About Wall Street

Once upon a time, I wished to be wall street broker, not for long but for a very brief period of time, I had no idea how hedge funds and all other stock related stuff worked (I still have very little idea about it), so I started googling about it. Soon to realize that it is not my cup of tea, nevertheless I still wish the lavish lifestyle it gives to people who are in this business, as seen on Hollywood movies until now.

turney duff

Turney Duff, a former hedge fund broker on Wall Street and New York Times bestselling author of, The Buy Side: A Wall Street Trader’s Tale of Spectacular Excesswas today’s guest at James Altucher podcast. He is also a consultant on upcoming Showtime show, “Billions”, and is featured on the CNBC show, “The Filthy Rich Guide”.

On the show he shared his journey on Wall Street which was very eye opening to me since it was kind of revelation that what exactly happen over there. Of course we see that in the movies but it’s hard to believe from the movies since they are made not tell the truth but to make money instead.

The truth however was really scary, he shared all the illegal practices that happen in there, it was all Greek to me but I understood the core of it.

One thing that he shared which I really appreciate was that, he always wanted other people to like him, and shared how difficult that goal was, and finally he decided that he would never try to be liked by other people again.

He shared his challenges with cocaine and it was really horrifying to know all that. His final words for wall street was, “it is not worth doing”.

Thank you,

Faisal

 

 

 

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