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Damn, It Feels Good to Be a Banker: And Other Baller Things You Only Get to Say If You Work on Wall Street Paperback – August 5, 2008


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Editorial Reviews

About the Author

Leveraged Sell-Out (a.k.a. "LSO," a.k.a. "Mr. Sell-Out," a.k.a. "Logan") is a 24-year old financier, groomed at Princeton University and a Bulge Bracket Bank, now pressing his advantage at the nation's most prestigious Private Equity firm. His hobbies include: M&A, sailing, modeling, squash, and aggressive spending. He lives in Murray Hill and East Hampton.
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Product Details

  • Paperback: 224 pages
  • Publisher: Hyperion (August 5, 2008)
  • Language: English
  • ISBN-10: 1401309682
  • ISBN-13: 978-1401309688
  • Product Dimensions: 5.1 x 0.5 x 8 inches
  • Shipping Weight: 7 ounces (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (23 customer reviews)
  • Amazon Best Sellers Rank: #262,446 in Books (See Top 100 in Books)

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Customer Reviews

3.7 out of 5 stars

Most Helpful Customer Reviews

45 of 48 people found the following review helpful By Olly Buxton on September 21, 2008
Format: Paperback
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.
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29 of 31 people found the following review helpful By John Matthews on August 6, 2008
Format: Paperback
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.
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6 of 8 people found the following review helpful By R. Spell VINE VOICE on December 13, 2008
Format: Paperback Verified Purchase
This is a pretty funny book trying to describe the life of young investment bankers with big egos and immaturity as they grow up in NY working hard and playing hard. Maybe this guy is too cocky and really meant all this. Maybe he's just giving you a peek at the life. But it's enjoyable but not to be taken too seriously.

Unfortunately, while the guy describes the appropriate path to the buy side and ultimate wealth he really overstates his position. Young investment bankers are tools to work massive hours propping up the real bankers with the math so the real bankers can advise on the deals. MAYBE these young bankers will grow into real bankers but eventually he will lose the attitude or doubtful he will make it.

The book is a relic as I-Banking is dying on the vine as we speak. Still, an entertaining book of the life of young bankers. Cocky? Yes. Talented? Sure. But there is much more to it than that.
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2 of 2 people found the following review helpful By cdub on December 12, 2011
Format: Paperback Verified Purchase
This book is absolutely hilarious, every chapter is gold! You have to take everything this guy is saying with a grain of salt, the author is actually not a banker but lived with a bunch of them so it is very satirical, but hysterical nonetheless. It is impossible to put down. It will have you laughing from start to finish!
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9 of 12 people found the following review helpful By Mr. Suraj Gohil on September 1, 2008
Format: Paperback
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..
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3 of 4 people found the following review helpful By Mr. J on October 16, 2008
Format: Paperback
This book has some good selected moments, however, I would recommend Monkey Business: Swinging Through the Wall Street Jungle instead. It is consistently funnier and more accurate, painting a truer version of what it's really like to be a junior banker.
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7 of 10 people found the following review helpful By Finance dude on August 21, 2008
Format: Paperback
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.
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By Brian P. Mulroney on November 9, 2013
Format: Kindle Edition Verified Purchase
To those expecting another "Monkey Business" or "Liar's Poker" beware. This guy comes across like a dick...and writes like the type who would wear that moniker as a badge of honor. There are pages upon pages effectively describing anybody who didn't graduate from Princeton (and many who did) as blithering idiots. Anything but a mature read.
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