STREET FREAK by Jared Dillian

STREET FREAK

Money and Madness at Lehman Brothers

KIRKUS REVIEW

A firsthand account of the high-speed, merciless world of the modern-day trader.

In Dillian's debut memoir, the author recounts his time as a Lehman Brothers' associate in the firm's final years. His experiences betting big with other people's money—as well as the psychological toll he incurred as a result—provides a scathing critique of selfish, scrambling men so driven to earn a buck that they lose all sight of the world beyond the tickers. Dillian's portrait of the mid-level Wall Street employee confirms all of the industry's clichés—that the stock market is, in fact, run by "men and boys,” many of whom understand little more than a single mantra: "Make money, good. Lose money, bad.” This simplistic approach causes Dillian to view Wall Street as a land of squandered talent, in which money-grubbing citizenry sacrificed their potential to play the numbers. "And here we all were," Dillian recounted," with our Ivy League educations and our social class and our pedigrees and our friends, and we were all in one big room on a daily basis pissing into the wind." Yet as a nontraditional student from the University of San Francisco, Dillian hardly fit the mold of the rich, Northeastern prep-schooler, and his outsider status served as a great attribute, offering him a clearer view of an industry both morally and economically bankrupt. However, the author often fails to bring readers fully into his colorful milieu.

A dramatic rendering of the financial crisis in which readers are often left on the outside of an insider's world.

 

Pub Date: Sept. 13th, 2011
ISBN: 978-1-4391-8126-3
Page count: 368pp
Publisher: Touchstone/Simon & Schuster
Review Posted Online:
Kirkus Reviews Issue: Aug. 1st, 2011




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