By Sam Polk
In 2014, a former hedge fund trader’s New York Times Sunday Review entrance web page article approximately wealth addicition immediately went viral. this can be his unflinching memoir approximately coming of age on Wall highway, scuffling with to beat the ghosts of his past—and the unconventional new approach he now defines success.
At simply thirty years previous, Sam Polk used to be a senior dealer for one of many greatest hedge money on Wall highway, at the verge of constructing it to the very most sensible. while he was once provided an annual bonus of $3.75 million, he grew indignant since it was once no longer sufficient. In that second he knew he had misplaced himself in his obsessive pursuit of cash. And he had come to detest the culture—the self-esteem, the sexism, the crude machismo—and Wall Street’s use of wealth because the sole degree of a person’s worthy. He made up our minds to stroll clear of it all.
For Polk, changing into a Wall highway dealer used to be the success of his goals. yet in fact it was once simply the end result of a lifetime of addictive and self-destructive behaviors, from overeating, to bulimia, to alcohol and drug abuse. His obsessive pursuit of cash papered over years of lack of confidence and emotional abuse. being profitable was once simply the newest try and fill the void left by way of his narcisstic and emotionally unavailable father.
As in Liar’s Poker, Polk brings readers into the rarefied global of Wall road buying and selling flooring, shooting the trendy frustrations of younger graduates attracted to Wall road. uncooked, shiny, and immensely readable, For the affection of Money explores the start of a tender hedge fund dealer, his disillusionment, and the unconventional new manner he has come to outline good fortune.
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Additional resources for For the Love of Money: A Memoir
I heard him yell something at Mom, and I heard her shriek. The Cadillac was parked at the curb. The back left door stood open. I continued toward it, knowing what I would find but at the same time not able to comprehend. When I neared the car, I felt the heat coming off it. I reached the open door and looked inside. OJ’s body was situated perfectly in the footwell. He fit exactly, as if in a carrying case. He looked peaceful, like he was asleep. Around him, the car was ripped to shreds. The backseats were eviscerated, and yellow Styrofoam stuffing spilled out everywhere.
Fuck you,” I said. His friends cheered but his face dropped. My face felt slack. He started to run toward me. He took two steps and then leapt into the air, a jump kick. I caught him in midair, rolled my hips, and threw him into the corner post of the cabin, moving after him. He hit it with a crunch, fell to the grass, and I was on him. In a panic-driven rage, I attacked him with fists, forearms, and knees. I never felt my hands hit him, but I saw red marks on his face and rips in his shirt. A counselor pulled me off.
3 million. Sean said that the longer I was at Pateras, the higher my percentage payout would be. Given how much I was up this year, a higher-percentage payout would mean a massive amount of money. NBA all-star money. I was thirty years old. I’d been an English major. I’d managed to keep my past a secret. I gazed back at Sean. He was about to tell me I’d make more that year than my mom, a nurse-practitioner midwife, had earned in her entire life. “So tell me,” said Sean. ” “I have no idea,” I said.
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