Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits
Every year, thousands of eager college 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 insi ...more
I thought it was going to be more salacious (a la Michael Lewis), but it actually was a very honest account.
His thesis is "gee, isn't it unfortunate that our best and brightest are going into investment banking when they could be doing something productive" and "this is a problem because when the ivy-league-trained 'best and brightest' infil ...more
My husband has worked in finance since his late 20's. He now supervises and trains many 20-something analysts, really enjoys it, but is surprised by generational differences...but I digress.
Young Money can't seem to find its central argument or even a theme. Is this a book about finance or a book about being a young person and how p ...more
For three years New York’s Kevin Roose followed the careers of eight young Wall Street workers to research Young Money. Released last month, the book is many things: a look at the culture of Wall Street through the eyes of those at the bottom, an exp ...more
I wonder how much these big banks paid for this PR book. There's nothing about bad, or even remotely scandalous, about this book, and there's a whole lot of 'besides what public opinion might be, they never did anything illegal.' And, seriously, this author says he has to actually 'find' the supposedly "bad seeds" (aka students that were in it only for the money) because all the ...more
From the outset, it becomes abundantly clear Roose does not have anything remotely close to a central thesis or greater point. Besides rhetorically using these eight post-college recruits as a way to lionize 'the youth' and demonize Wall Street w ...more
These Wall Street neophytes work 80 to 100 hours a week in an extremely high stress environment: they often put in 16 hours or more a day during the week and many times even 10 hou ...more
In the press tour around the book's release, Roose's interviewers focused on what his three years of reporting meant for American culture, the banking industry, the ethics of finance, and such. Those conversations are good to have, but they're not what the book is about. Young Money charts th ...more
It makes for an enjoyable read which you'll get through in a day or two, as Kevin Roose has a good writing style, and the stories of the eight graduates working at Wall Street are interesting. However, ultimately there just isn't much new or particularly deep in the book - while I enjoyed the view from the characters in the story, it feels relatively thin considering we are covering 2-3 years of thei ...more
The book provides a nice, brief crash course on investment banking, but doesn't bog down the story in technical details. You can ...more
Baby Patrick Batemans are being born.
Wall Street banks had made themselves the obvious destinations for students at top-tier colleges who are confused about their careers, don’t want to lock themselves in to a narrow preprofessional track by going to law or medical school, and are looking to put off the big decisions for two years while they figure things out.
I’ll start it off by saying if this book wasn’t only 285 pages, I would’ve given up around 200 pages in. Kevin Roose was a journalist for the Times and after the market...more
He is the host of “Rabbit Hole,” a New York Times-produced podcast about internet culture, and a regular guest on “The Daily,” as well as other leading TV and radio shows. He writes and speaks regularly on many to ...more