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on 20 February 2014
‘Young Money’ written by Kevin Roose, a book author and journalist, who managed to sneak in into the world that is usually closed to the public, the exciting world of bankers following the fate of several young people who like every year, enter this world, pass initiation, while only the fittest will survive.

Kevin Roose, who writes for New York magazine and drew the public attention five years ago with his first work ‘The Unlikely Disciple’ (of totally different theme than this work), spent more than three years following eight young apprentices at several banks and known investment firms. “Young Money” is a story about them, their successes and failures as they go through the difficult and often painful initiation entering into a serious financial world, where if they succeed a great power and serious money awaits.

However, at the same time this is also a story about the financial world that went through extreme changes over the last six years since the crisis began, in which the only constant remaining is the fact that on young people is necessary to apply all possible methods of mental harassment, in order to filter among them the new members of the social elite.

Roose in convenient way describes which characteristics you should have if you want to succeed in the banker world – “…pleasant, polite and attentive to detail…. Able to work three consecutive twenty-hour days without having a nervous breakdown or falling asleep on your keyboard… but, most important, you have to be handy with an Excel spreadsheet… you must be an Excel wizard.” The whole book is written in a similar style, therefore it’s extremely easy and quick to read, especially when we remember that we are not reading about the lives of some fictional heroes, but real people who (or someone near them) while you are reading this do what you can hardly believe when see written on the pages of his book.

At the beginning of the book the author wishes to thank the brave eight who gave him (and now to the whole world) the opportunity to enter inside the walls of this well-protected brotherhood, telling everything due to which they took a massive risk violating the rules set by their employers that forbid speaking to the media without permission. For this reason the author has had to make concessions and make them anonymous, change a detail or two of their biographies or the job functions, although we can only wonder what fate awaits them when and if they will be recognized in their environment as those who dared to speak out publicly about all the things they have experienced.

However as much as he tried to maintain his neutrality, the author does not always succeed in, but regardless of that ‘Young Money’ is title that will certainly raise a storm in the media and provoke nasty comments of those who are the subject of his book.

Therefore, the only thing I can do is to recommend you Kevin Roose’s book because it is a very interesting, quick and easy to read work - the book that you will certainly recommend further after you will read it.
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on 14 April 2014
The picture painted, of young bankers chastised by the extreme rigor and banality of their experiences, rings true at least in part for me. I saw friends change in how they behaved after they had entered the extreme lifestyle of those 'ordained' into the world of elite investment banking. They tended towards the authoritative, superficially extremely self-confident, devoted to the cause, and as a result of this, while the inner personality and character stayed intact, their mode of communication changed significantly. There is nothing wrong with this per se, but the impression of brainwashing does remain, and is troublesome. It is not difficult in the least to imagine how the term "Master of the Universe" came into being, and why it is still in use, although it has become passé with overuse. It is also not difficult for me to be concerned, like the author, as to the impact of a large number of very powerful and influential financial professionals behaving in this way with regard to the economy and beyond. Other friends did not change so drastically, while still progressing professionally, while others dipped their toe in the water and jumped straight out again, like the proverbial frog in a pot of boiling water. It is a book that was worth writing, and the author did a good and thorough job. Worth writing too would be a similar review of mid-career banking professionals, assuming a representative cross-section of the profession, within the elite companies, could be obtained.
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on 4 March 2014
I read this book in 2 days as I was so completely enthralled by it. As a student about to choose a career this book is really powerful in not only detailing experiences of those on Wall Street but going into more depth about the kinds of moral choices and questions that come up.

If you've even so much as thought about going into IB, buy this book! It is utterly brilliant and even if it doesn't change your views it certainly is a good read.
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on 30 March 2014
This was an absolute delight to read. Very informative also. The author clearly put lot of time and effort into researching this subject plus his style of writing is funny and intriguing. I will read it again and can't wait to purchase Kevin Roose's next book.
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on 20 July 2014
Essential reading when your children are bright and asking for advice about their career. Reminds me of life as a junior doctor and the murderous routine with the promise of a better life but of course morally much more palatable.
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on 20 June 2014
Insightful look into the boot camp style induction to employment in the large finance houses. Author's brush with the Masters of the Universe also very insightful
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on 19 January 2015
well written and accurate, albeit slightly pessimistic, view of the world of finance.
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on 10 June 2016
There are so many more books on the same subject that are far superior
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on 6 March 2015
Boring. A rabble of boring tales. You will be disappointed.
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