THE TRADING GAME
A CONFESSION
GARY STEVENSON
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ABOUT THE TRADING GAME
A vivid, blistering memoir that takes readers inside the high-stakes drama and hubris of the trading floor, a rags-to-riches tale of Citibank’s one-time most profitable trader, and why he gave it all up—a Liar’s Poker for a new generation
“If you were gonna rob a bank, and you saw the vault door there, left open, what would you do? Would you wait around?”
Ever since he was a kid, kicking broken soccer balls on the streets of East London in the shadow of Canary Wharf, Gary Stevenson dreamed of something bigger. And he was good at numbers.
At the London School of Economics, Gary, wearing tracksuits and sneakers, shocked his posh classmates by winning a competition called “The Trading Game.” The prize: a golden ticket to a new life, as the youngest trader at Citibank. A place where you could make more money than you’d ever imagined. Where your colleagues are dysfunctional geniuses and insecure bullies, yet they start to feel like family. Where against the odds you become the bank’s most profitable trader, closing deals worth nearly a trillion dollars. A day. Soon you are dreaming of numbers in your sleep—and then you stop sleeping at all.
What happens when winning starts to feel like losing? It’s 2008 and now you have a front-row seat to the global financial crisis. A time when the easiest way to make money is to bet on millions becoming poorer—like the very people you grew up with. The economy is slipping off a precipice, and your own sanity starts slipping with it. You want to stop, but you can’t. Because nobody ever leaves.
Would you stick, or quit? Even if it meant risking everything?
This is an outrageous, unvarnished, white-knuckle journey to the dark heart of an intoxicating world—from someone who survived the game and then blew it all wide open.
PRAISE
“An incredibly important and timely book, very much of its era . . . The Wolf of Wall Street with a moral compass, The Trading Game lays bare the spiritual vacuity of the systems and processes that both dominate and reduce our humanity.”
—Irvine Welsh, author of Trainspotting
“A thrilling story of high finance—and its low points . . . Gary Stevenson captures what really happens on the trading floor, and he does it with a vivid and original voice and a ton of style.”
—Matt Levine, Bloomberg Money Stuff columnist
“Not since Liar’s Poker has a book brought the trading floor into such vivid, boisterous life. . . . A switchblade-sharp exposé of the wealth-making factories of modern finance.”
—Diana B. Henriques, author of The Wizard of Lies and Taming the Street
“The best finance memoir I’ve ever read. Stevenson’s tale of plundering Wall Street like some kind of cockney pirate is by turns hilarious and harrowing.”
—Zeke Faux, author of Number Go Up
“Compelling, intensely readable, unsettling . . . an unforgettable story of greed, financial madness, and moral decay.”
—Rory Stewart, author of How Not to Be a Politician
“Astonishing, enraging, extremely funny, and exquisitely sad.”
—The Secret Barrister
Gary Stevenson
Gary Stevenson left his trading career behind, convinced that solving inequality was the only way to repair the world economy. He has since studied for an MSc at Oxford, worked with economic think tanks, and founded a YouTube channel, GarysEconomics, teaching people about real-world economics. He regularly appears on television and radio and has written for The Guardian and OpenDemocracy, among others.
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