How Millionaire Bankers Actually Work: An Insider's Account
In this article, we'll delve into the world of high finance and explore the lifestyle of millionaire bankers through the eyes of Gary Stevenson, a former Citibank trader who has written a book about his experiences.
Gary Stevenson, the author of 'The Trading Game'
Gary shares his story of how he won a job at Citibank playing a card game and eventually became the bank's most profitable trader. He reveals the mindset of profitable bankers, their daily routine, and what it's like to leave the job.
A Life of Excess
Gary describes the early days of his career as a "mad environment" where he was treated to expensive restaurants, clubs, and holidays. He was even taken to Jay-Z's afterparty in LA and Kanye West's birthday party. Gary notes that this lavish lifestyle was a far cry from his poor background.
The Bonuses and the Bosses
Gary reveals that his desk made enormous amounts of money, which translated to huge bonuses. He notes that some of his colleagues got "really big for their boots" and started to take advantage of their positions, including getting a secretary pregnant.
He also talks about the bosses, who were more like gangsters, threatening and intimidating their subordinates. Gary recalls one incident where a boss told him to stop dancing and celebrate making a lot of money, but Gary was aware that this money came at the expense of people's homes and livelihoods.
The Future and Leaving the Job
Gary shares his struggles with leaving the job and adjusting to a new life without the adrenaline rush of trading. He notes that he felt unproductive and wasted time, but eventually found a new passion in educating people about economics and inequality.
Gary's story serves as a warning about the excesses of the financial industry and the importance of addressing inequality. His experience is a testament to the power of self-reflection and the need to find purpose beyond material wealth.
Conclusion
Gary Stevenson's account offers a rare glimpse into the world of millionaire bankers, revealing both the glamour and the darker aspects of the industry. His story serves as a cautionary tale about the dangers of unchecked power and the importance of using one's platform to make a positive impact.
For more information about Gary's book, "The Trading Game," and his YouTube channel, Garyseconomics, please visit the links below.
"The Trading Game" - US publication: https://www.penguinrandomhouse.com/books/727417/the-trading-game-by-gary-stevenson/ "The Trading Game" - UK publication: https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9780241636602 Gary's YouTube channel: https://www.youtube.com/@garyseconomics