Street Freak: Money and Madness at Lehman Brothers

When Jared Dillian joined Lehman Brothers in 2001, he fulfilled a life long dream to make it on Wall Street but he had no idea how close to the edge the job would take him Like Michael Lewis s classic Liar s Poker, Jared Dillian s Street Freak takes readers behind the scenes of the legendary Lehman Brothers, exposing its outrageous and often hilarious corporate culture IWhen Jared Dillian joined Lehman Brothers in 2001, he fulfilled a life long dream to make it on Wall Street but he had no idea how close to the edge the job would take him Like Michael Lewis s classic Liar s Poker, Jared Dillian s Street Freak takes readers behind the scenes of the legendary Lehman Brothers, exposing its outrageous and often hilarious corporate culture In this ultracompetitive Ivy League world where men would flip over each other s ties to check out the labels also known as the Lehman Handshake , Dillian was an outsider as an ex military, working class guy in a Men s Wearhouse suit But he was scrappy and determined in interviews he told potential managers that, Nobody can work harder than me Nobody is willing to put in the hours I will put in I am insane As it turned out, on Wall Street insanity is not an undesirable quality Dillian rose from green associate, checking IDs at the entrance to the trading floor in the paranoid days following 9 11, to become an integral part of Lehman s culture in its final years as the firm s head Exchange Traded Fund ETF trader More than 1 trillion in wealth passed through his hands, but at the cost of an untold number of smashed telephones and tape dispensers Over time, the exhilarating and explosively stressful job took its toll on him The extreme highs and lows of the trading floor masked and exacerbated the symptoms of Dillian s undiagnosed bipolar and obsessive compulsive disorders, leading to a downward spiral that eventually landed him in a psychiatric ward Dillian put his life back together, returning to work healthier than ever before, but Lehman itself had seemingly gone mad, having made outrageous bets on commercial real estate, and was quickly headed for self destruction A raucous account of the final years of Lehman Brothers, from 9 11 at its World Financial Center offices through the firm s bankruptcy, including vivid portraits of trading floor culture, the financial meltdown, and the company s ultimate collapse, Street Freak is a raw, visceral, and wholly original memoir of life inside the belly of the beast during the most tumultuous time in financial history In his electrifying and fresh voice, Dillian takes readers on a wild ride through madness and back, both inside Lehman Brothers and himself.
Street Freak Money and Madness at Lehman Brothers When Jared Dillian joined Lehman Brothers in he fulfilled a life long dream to make it on Wall Street but he had no idea how close to the edge the job would take him Like Michael Lewis s classic

  • Title: Street Freak: Money and Madness at Lehman Brothers
  • Author: Jared Dillian
  • ISBN: 9781439181263
  • Page: 403
  • Format: Hardcover
  • 1 thought on “Street Freak: Money and Madness at Lehman Brothers”

    1. Jared Dillian is a lunatic. Literally. He was diagnosed as bipolar and obsessive compulsive for the first time in his life around the age of 31. How did he survive and thrive in his crazy stew for 31 years without knowing it? By working in the military and on Wall Street, of course.Street Freak is a lesser version of Liar’s Poker. We follow Dillian’s career from his start at Lehman Brothers in 2001 through its collapse in 2008. Since the topic of resumes is ceaselessly brought up in Street F [...]

    2. Cannibal, ovvero Wall Street visto dall'interno. Una bella autobiografia in cui l'autore non ha paura di mettere a nudo sé stesso (soffre di bipolarismo) e il mondo della moderna finanza. Può essere un po' difficile da leggere per chi è completamente a digiuno della terminologia finanziaria di base. Devo dire che mi è piaciuto parecchio.

    3. "What's it like to work on a trading floor?" is probably the most common question Wall Street traders get asked by those outside the industry, especially from those who want to work at an investment bank someday. Since the late '80s, the answer has always been, "Read Liar's Poker." With Street Freak, Jared Dillian has forced me to update my answer. Street Freak should be required reading for MBA students and undergraduates majoring in finance prior to sitting down for their first Wall Street int [...]

    4. I had never heard of Jared Dillian, nor his book Street Freak. And after reading it, I am shocked and embarrassed that I missed this fantastic account of Dillion's time working at Lehman Brothers. His tenure started literally on September 11, 2001, and his fascinating story goes right through to the gripping final pages, as Lehman Brothers begins it's still unreal death spiral that culminated in the New York Fed's "Lost Weekend" (when the Fed and Paulson gathered all the Bulge Bracket CEOs in an [...]

    5. An account of the author’s experiences as a trader and, to a lesser degree, the bipolar disorder that got him hospitalized and, ultimately, drove him to leave the industry to become a writer of market reports. Fresh out of the Coast Guard, wearing the wrong clothes and a graduate of the wrong school, Dillian was a fish out of water but soon started getting the respect of his peers with his manic trading, even as his fits of temper and rookie mistakes continue to draw unwanted attention. His ac [...]

    6. Full disclosure: I was at the USCGA with Dillian in the summer of 1994. He was an upperclassman tasked with training me my first summer there. Let me be honest and unambiguous - I hated his guts, as did every other swab. The dude gave me and many others nightmares, but I suppose that had as much to do with my relatively coddled upbringing as it did with his mean spiritedness and his love with idea of being a faux drill sargent-type character.All this said, I loved the book. I wanted to hate it, [...]

    7. This book is worth unquestionable 5-star rating. For me personally, it hit the nerve. 1) It's in the best sub-genre (autobiography + Wall Street); 2) it's honest, feels solidly authentic; 3) it portrays an author's career trajectory, and not just any - as a trader at major investment bank that happens to be a Lehman Brothers, right up to September 2008; 4) it's well-written and hard to put down even though we're talking about non-fiction here.In other words: ALL the most interesting/exciting ing [...]

    8. In the lines of Liar’s Poker and Monkey Business from the perspective of an ETF trader this time. Also a touch of The Big Short in the later chapters. A great read and very insightful, I enjoyed Jared Dilian’s take on the market psychology, his depiction of battling with mental illness and his nonetheless positive outtake on the world when deciding to listen to himself and move on to do what he loves. As a former Wall Streeter myself (up to very recently), this story particularly resonated w [...]

    9. Although I read a great many Street memoirs, it is a genre that has gotten pretty stale over the years. There are always tons of tales of debauched ways, porterhouse and Crown Royal diets and assorted hi-jinx. The characters all start to have a cookie-cutter quality: the young turk, bad asses, the 40ish, silverbacks who have seen it all and a mish mash of tools to serve as foils for snarky comments. Dillan, at times, flirts with padding this book with typical Street memoir tropes, but in the end [...]

    10. This book is basically 4 stories in one:-The trading strategies commonly used in investment banks (index arbitrage, flow trading & market making, etc.)-Life in Lehman Brothers and on Wall Street at large-The author's personal story, mostly about how he came to work on Wall Street-His struggles with OCD and bipolar disorderWhat I like most of all is that Dillian doesn't take any stance as to whether "Wall Street" is good or bad (or anything else for that matter), neither from a moral nor prof [...]

    11. unfinishable (by me anyway) account of his experiences as stock trader. somewhat hard to follow, insider-y, but main problem for my reading was that I never became motivated to try to figure it out or get more familiar with this work environment. It's possible that I'm on the way to becoming a stick-in-the-mud, but for better or worse I'm bored of the mostly-male "shocking" writing style of making irreverent observations by cursing a lot. There have to be other ways to convey that your work is s [...]

    12. Most books about the collapse of the world financial system in 2008 suffer from the writer's desire to maintain an appearance of respectability in describing what was a stupid and sordid debacle. Dillian has no auctorial image to preserve and so is not hobbled by that constraint and it makes his book stand out. Even if the financial system hadn't been brought to its knees, his book would still have been worth reading as a study of greed on steroids.

    13. In Wall Street terms, I am a piker - I know nothing of trading, stocks, or investing, and more importantly, it's not a topic I ever cared about. Until I read Jared Dillian's Street Freak. It's an immersive experience, written with gusto and such that it makes what was a dull topic to me sing. More importantly, it's a bold, brutally honest memoir full of pain, courage, and triumph. The author puts you on the trading floor and in his skin - it's a wild ride.

    14. I know the author of this book through work, so it was one of the main reasons I picked it up to read. After reading it I was amazed at the world of trading that I had no clue about. I know nothing about the stock world and Wall Streetbut the author explains it in a way I can follow and the story kept me on the edge of my seat. Very good read and VERY interesting!

    15. A fascinating look at the internal world of Wall Street. Not only do we get to go inside the trading room of Lehman Brothers, but we jump inside of the author's head, unstable at best, a sure fire recipe for success on the Street. One of the best bonuses of reading this book was the wit and humor - it was unexpected and extremely brilliant.

    16. I picked up this book as research for a screenplay I'm working on and ended up devouring it in two days. I had approximately no knowledge or interest in Wall Street trading, but Dillian's writing is engaging, fast-paced and just plain fun to read. Of course I had heard a lot about Lehman Brothers in 2008 and beyond, but this front-row-seat account is riveting.

    17. Pretty stressful to read even though I understood only about 30 percent of the financial crisis Dillian talks about. Gave me a good sense though about what he went through after Sept. 1, 2001 during the Wall Street melt down.

    18. In truth, I didn't read all of this one--only excerpts--but he can write, and his story is an interesting one.

    19. horrible boring book, couldn't find a reason to keep reading this useless book other than the fact that I was bored and wanted something to read on the train.

    20. I thoroughly enjoyed this book. highly recommended. not at all what you might think it is. fascinating.

    21. Great bookI really loved this book for it's amazing honestly and also how it never veered into the realm of parody. Highly recommended

    22. This guy can write.One of the more realistic accounts I've read on the struggles of making a place for yourself on the streets. It made him a bit crazy.

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