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Riding the Bull:: My Year in the Madness at Merrill Lynch

In February 1994, Paul Stiles, a young man with no experience in finance, left a cottage on the Chesapeake Bay for the World Financial Center and a new job with Merrilly Lynch, the largest securities firm in the world. "Riding the Bull" is the true story of the year that followed, a vivid, insightful, darkly comic tale set inside the crucible of capitalism, and a devastating comment on what our modern, market-driven society has become. This is a Wall Street journey like no other. From Harvard's secretive Office of Career Services to intrviews at investment giants Morgan Stanley and Goldman Sachs, to his life in Merrill's elite emerging market group, Paul Stiles lays bare the inner workings of our growing "financial complex" while providing a firsthand account of the most tumultuous year in recent financial history. As Stiles scrapes his way up the latter of a brutal trading desk — without any formal training — his readers live through the worst bond market since the great Depression, hear the Mexican peso crash, and experience the Orange County debacle from the inside. The downfall of Kidder Peabody, the collapse of Barings, assassinations in Mexico, and Merrill's own shocking legal record dominate the news and the Street's trading screens. Meanwhile, we witness the savage decline of one of Wall Street's premier bond trading desks, and the turf wars, backstabbing politics, and frenzy for profits that dominate Merrill Lynch — a reality few investors get ot see.

"Riding the Bull" also the personal impact of this "market madness" on one man's life. From the moment he lands in New York, the author find his happiness, his marriage, and his sanity virtually dismantled byhis environment, sparking a search for meaning in our high-tech, hypercompetitive age that will change his life forever. At all levels, "Riding the Bull" exposes the truth in today's fast-paced, winner-take-all society — and the danger of a world by the The Market.

  • Format
  • hardcover
  • Pages
  • 323
  • Language
  • english
  • ISBN
  • 9780812927894
  • Genres
  • finance
  • Release date
  • 1998