By Jared Dillian

While Jared Dillian joined Lehman Brothers in 2001, he fulfilled a life-long dream to make it on Wall Street—but he had no thought how just about the sting the task might take him. Like Michael Lewis’s vintage Liar’s Poker, Jared Dillian’s highway Freak takes readers behind the curtain of the mythical Lehman Brothers, exposing its outrageous and sometimes hilarious company tradition. during this ultracompetitive Ivy League global the place males might turn over every one other’s ties to take a look at the labels (also often called the “Lehman Handshake”), Dillian used to be an interloper as an ex-military, working-class man in a Men’s Wearhouse go well with. yet he was once scrappy and made up our minds; in interviews he instructed capability managers that, “Nobody can paintings more durable than me. no one is keen to install the hours i'll installed. i'm insane.” because it grew to become out, on Wall road madness isn't an bad caliber. Dillian rose from eco-friendly affiliate, checking IDs on the front to the buying and selling ground within the paranoid days following 11th of September, to develop into an essential component of Lehman’s tradition in its ultimate years because the firm’s head Exchange-Traded Fund (ETF) dealer. greater than $1 trillion in wealth undergone his palms, yet on the expense of an untold variety of smashed phones and tape dispensers. through the years, the exhilarating and explosively annoying activity took its toll on him. the intense highs and lows of the buying and selling ground masked and exacerbated the indications of Dillian’s undiagnosed bipolar and obsessive compulsive issues, resulting in a downward spiral that at last landed him in a psychiatric ward. Dillian placed his lifestyles again jointly, returning to paintings more fit than ever earlier than, yet Lehman itself had probably long past mad, having made outrageous bets on advertisement actual property, and used to be fast headed for self-destruction. A raucous account of the ultimate years of Lehman Brothers, from Sep 11 at its international monetary heart workplaces during the firm’s financial ruin, together with vibrant pics of trading-floor tradition, the monetary meltdown, and the company’s final cave in, road Freak is a uncooked, visceral, and absolutely unique memoir of lifestyles contained in the stomach of the beast in the course of the so much tumultuous time in monetary background. In his electrifying and clean voice, Dillian takes readers on a wild experience via insanity and again, either within Lehman Brothers and himself.

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I had a million shares to buy, and I started to bid, 100,000 shares at a time, in penny increments. Figure bid for a hundred. Ninety-nine bid for a hundred. Ninety-eight bid for a hundred. The market continued to fall. Come to Butt-head. I beckoned. I finished buying stock. I looked up at GPM: ($70,000). We received $60,000 in commissions on the trade, so I had lost $10,000, which was essentially breaking even. , which was sad, because we were high-fiving each other about losing money. I then walked over to Duke and stood behind him.

I asked him. He shook his head solemnly. This was out of his realm of experience, taking a $250K hickey before a trade was even half over. , “I think Spartacus is trying to bully this market higher, and I think it’s going to run out of gas. ” When I am in a losing trade, my body undergoes a physiological reaction. I cannot leave my seat; I feel chained to it. I hunch over my desk, staring at the screen, watching the chart go higher, tick for tick. I don’t really sweat, but I do tremble with fear and rage.

He picked me up in his Jeep, and off we went to the Jersey Shore—a real beach town, a surfer town, on a cloudy day in October. The Garden State Parkway was sparsely populated. There were very few people out by the water, and the ones that were there had long hair, hard, knotted deltoid muscles, and wet suits.

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