3 Trading long or short on stress?
I liken it to the steroid era in Major League Baseball; it wasn’t about right and wrong but about getting an edge in a game where the stakes were huge.
— Turney Duff, former trader, Galleon Group (Lattman, 2013)
According to Turney Duff – a recovering cocaine addict and alcoholic – the Galleon Group, where he was employed as a stock trader, constituted one of the most hedonistic organisations in the world. Tales of lavish parties, prostitutes (actually on the payroll), drugs and insider trading characterised the heady reminiscences of his time at Galleon. In 2011, however, the party was over. The music stopped playing as the SEC (Securities and Exchange Commission) obtained a record financial penalty of $92.8 ...
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