Damn, it Feels Good to Be a Banker: And Other Baller Things You Only Get to Say If You Work On Wall Street |  | Author: Leveraged Sellout
Publisher: Hyperion
Category: Book
List Price: $13.95
Buy New: $6.80
as of 9/10/2010 03:50 CDT details
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Seller: emerald-coast-books1
Rating:  15 reviews
Sales Rank: 77,048
Media: Paperback
Pages: 224
Number Of Items: 1
Shipping Weight (lbs): 0.2
Dimensions (in): 8 x 5.5 x 0.7
ISBN: 1401309682
Dewey Decimal Number: 817
EAN: 9781401309688
ASIN: 1401309682
Publication Date: August 5, 2008
Availability: Usually ships in 1-2 business days
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Product Description
In one word: egregious. Damn It Feels Good To Be A Banker is a Wall Street epic, a war cry for the masses of young professionals behind desks at Investment Banks, Hedge Funds, and Private Equity shops around the world. With chapters like "No. We do not have any `hot stock tips' for you," "Mergers are a girl's best friend," and "Georgetown? I wouldn't let my maids' kids go there," the book captures the true essence of being in high finance. DIFGTBAB thematically walks through Wall Street culture, pointing out its intricacies: the bushleagueness of a Men's Warehouse suit or squared-toe shoes, the power of 80s pop, and the importance of Microsoft Excel shortcut keys as related to ever being able to have any significant global impact. The book features various, vivid illustrations of Bankers in their natural state (ballin'), and, in true Book 2.0 fashion, numerous, insightful comments from actual readers of the widely popular website LeveragedSellOut.com. Thorough and well-executed, it's lens into the heart of an often misunderstood, unfairly stereotyped subset of our society. The view--breathtaking. Reader Responses "After reading this clueless propaganda, I strongly believe that you are a racist, misogynist jerk. FYI, Size 6 is not fat." --Banker Chick "Strong to very strong." --John Carney, Editor-In-Chief, Dealbreaker.com "I used to feel pretty good about making $200K/year." --Poor person
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| Customer Reviews:
Showing reviews 1-5 of 15
 A working definition of Schadenfreude... September 21, 2008
O. Buxton (Highgate, UK)
29 out of 32 found this review helpful
I pity poor old "Leveraged Sellout", which would be the most wounding thing one could do to him ("one" being a person not blessed enough to work in front office advisory M&A at a bulge bracket investment bank), but only for his timing. After the events of September 2008 it's going to be a while before anyone preens about working in a Bulge Bracket investment bank on Wall Street. At this point (still in September 2008) there are only two left, one (Morgan Stanley) looking likely to go the way of all flesh in coming days (horror of all horrors courtesy of *Wachovia*!), and the last man standing, Messrs. Goldman, Sachs & Co, facing a very uncertain road ahead as an independent investment bank no matter how excellent its risk management, deal execution and intellectual capital may be.
So I pity the anonymous "Leveraged Sellout" simply because, as a result of his timing, this excellent and brutally funny little book will either disappear into the same gaping void that claimed Bear Stears, Merrill Lynch, AIG and Lehman Brothers or, worse, be held up by moronic lefties as a poster child for everything that was wrong with Wall Street.
It is no such thing. It's actually a riot - imagine a young Hunter Thompson or Tom Wolfe writing with verve about modern day Wall Street but not as an outsider or an ingenue, but fully steeped in the technical and cultural world of a 24 year-old master of the universe.
I have no doubt that whoever wrote this was a genuine insider - the observations and devastatingly funny sending up of the minutiae (such as the distinction between IBD and FICC and importance of never using your mouse when manipulating a spreadsheet) would never be apparent to an outsider who hadn't done a significant stretch. I spent 7 years at a bulge bracket bank myself (as a lowly inhouse lawyer, resolutely in unglamorous back office), and but for the inevitable comic hyperbole, Damn It Feels Good To Be A Banker rings very true. I loved every moment.
So it's kind of a historical document, even though it is pure satire. It captures the zeitgeist, circa August 2008, and if you've had any interaction with the IB fraternity in their prime - that is, before the Sub-Prime got them, you'll find this hysterically funny.
Olly Buxton
=IF(1+1=2,DIFGTBAB>BIBLE,0) August 6, 2008
John Matthews (Escondido, CA United States)
16 out of 18 found this review helpful
I'm still trying to discern what the funniest aspect of this book is. Is it the blatant elitism/classicsm? Perhaps. Is it Wall Street's misogyny and generalizations of foreigners? There's definitely something there. Perhaps its LSO's ability to apply banker-speak and concepts to everyday life? That plays a role no doubt. Or maybe it's simply everything about the LSO including the aforementioned plus utter disregard for anything below investment bankers (just about everything), complete with a hilariously satirical glorification of their larger-than-life existences. Bingo.
This really is the most prestigious book ever written.
Absolutely hilarious August 22, 2008
Finance dude
7 out of 9 found this review helpful
Probably the funniest book I've ever read, even better than the blog. I read it cover-to-cover in one sitting. Twice as funny if you work in finance and know a lot about the industry, but nonetheless hilarious for anyone who isn't easily offended or can take a joke.
Awesome! September 1, 2008
Mr. Suraj Gohil (London)
7 out of 10 found this review helpful
Having been a massive fan of the website the book was always going to be great fun! The guy who wrote it clearly got bullied at school..
HILLARIOUS...! December 1, 2009
zodiac711 (Twilight Empire)
1 out of 2 found this review helpful
When I first came across this, I was thinking it was from Office Space. (Great movie BTW. If you've never seen it, you're missing out.) I quickly realized I was thinking "Gangster" not "Banker", so was a bit disappointed. Nonetheless, I went ahead and made the purchase as a gift -- and after sneaking a quick read of it before sending the gift along it's way, am very glad I made the purchase.
As my title says, the book is hilarious. I never heard of LSO (Leveraged Sell Out) before, but may have to check the website. It amazed me how the author could tie-in Wall Street to real life for us mere mortals.
I have an MBA, so the finance references didn't go over my head, but even if you have no involvement in finance (and don't understand it one bit), I would still encourage it for an entertaining read, as well as to gain insight into the greed that has led to our financial systems collapse.
The author is definitely a bit narcissistic, but even if half of what he's saying is true, I can't say as I blame him in that regard -- I would be to.
Showing reviews 1-5 of 15
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