I've always said there are three kinds of Wall Streeters.
Those who worry that their industry can be toxic and try to make it or their world better to compensate. (That can mean raising a great family, giving to charity, making money and then going to another career they love, etc.)
Then there are those who Jamie Dimon-it and take pride in the industry as it is.
And then there are the most dangerous people: The people who know the industry can be toxic and just don't care. These people also happen to be the most rare.
But they're also the ones most immortalized in writing and film.
John LeFevre, the man behind Twitter's hit Goldman Sachs Elevator parody account, was almost in that dangerous third category.
He explains how he got there in his memoir, "Straight to Hell: True Tales of Deviance, Debauchery, and Billion-Dollar Deals."
Our protagonist was ready to go to Wall Street from the tender age of 15. All of the cool dads who visited his New England boarding school were Wall Streeters, and he always had a rebellious, above-the-rules attitude.
So when he made it through the torture of Wall Street recruiting, LeFevre seemed to have found himself at home. He moved to London, spent his entire bonus in one vacation, threw wild parties, and lived paycheck to paycheck in the most luxurious way possible.
His concept of money was quickly distorted, and none of it was ever enough.
Most of "Straight to Hell" is spent in Hong Kong, where LeFevre does things that would make Sen. Elizabeth Warren's hair stand on end. There are prostitutes and cocaine, high-school-cafeteria antics in incredibly high-end restaurants, lots of swearing — basically every debaucherous Wall Street meme you can think of hits the page.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.