Sunday, July 14, 2019

Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits by Kevin Roose

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Good journalistic work by Kevin Roose. Books on wall-street personalities have always been a special interest of mine given the stories or myth that surrounds people working on wall-street. Many books have been written before the most recent crash and gives tantalizing account of lives of high rollers and deal makers for example The Wolf of Wall Street by Jordan Belfort. Everybody has heard stories of more money than God hedge-fund billionaires, excessive partying, sexcapades, drugs and what not. But this book by Kevin Roose is about how valid is that idea of wall-street bankers in post crash era. He takes us through the lives of 7 aspiring wall-street interns who wants to make it big and join the ranks of those who have come before them. Things have certainly changed after the crash and that is reflected in the hardships and dissatisfaction experienced by the subjects of this book. A trend is developing however, gone are the days when the cream of the cream from Ivy league colleges were attracted towards financial sector jobs. There are competing sectors now to choose from such as startups, IT sector, and if you are really idealistic maybe some non-profit work and of course politics. 

Overall I think this is a good read and if you enjoyed books like The Wolf of Wall Street or The Buy Side you will like this book.

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