Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your

[ CONTINUED FROM FRONT FLAP ] SCARAMUCCI What does this mean in practical terms? As $27.95 USA / $33.95 CAN Scaramucci shows, it means ridding yourself of ego- PRAISE FOR tistical tendencies and developing the self-awareness to bounce back from failure. It means building a circle GOODBYE GORDON GEKKO of competence made of those you trust, mentoring e never really know how it’s going to turn and celebrating others, and giving back to your com- out. One day a community organizer, munity and country, all the while targeting success. It “A fun, easy read, with sage advice. Scaramucci is a player, looking under the the next day President. One day CEO of means seeing capitalism as an art and businesses as rocks of corruption in our fi nancial capital, and he survives as an honest soul.” Lehman Brothers, the next day the piñata for greed and ambition run amok. Life is full of decisions, creations and vocations, not simply as levers to feed- — OLIVER STONE, Three time Academy Award® Winner; ing your ego. Goodbye Gordon Gekko provides a road Director, Wall Street and Wall Street: Money Never Sleeps choices, and unexpected twists and turns; how you map to help people achieve true wealth defi ned be- pick yourself up and react to these unanticipated yond a checking account. “Scaramucci’s book is a truly insightful read. It introduces us to a moral circumstances will make all the difference. compass on Wall Street—fi nding riches by direction of a true north as ANTHONY SCARAMUCCI opposed to insidious Gekko-style greed.” According to author Anthony Scaramucci, it is time to say goodbye to Gordon Gekko, the rogue character is the founder and Managing — JOSH BROLIN, Academy Award® Nominee; Actor, Wall Street: Money Never Sleeps; Active Trader famously portrayed by Michael Douglas in the classic Partner of SkyBridge Capital, a movie Wall Street. In Goodbye Gordon Gekko, New York-based alternative “With extraordinary honesty, grace, clarity, humor, insight, and emotional Scaramucci explores opportunities for leading a rich investment management com- © ADAM PANTOZZI intelligence, Anthony Scaramucci here masterfully delivers timeless and life in a diffi cult, radically changed economy. Believing pany, focused on partnering with priceless wisdom and wit that will ennoble and energize parents and children, that the fi nancial crisis was caused by a nation of emerging managers and seeding teachers and students, coaches and athletes, bosses and workers, not to Gekko-wannabes tripped up by status anxiety and and mentoring Wall Street’s next mention all three branches of government.” egocentric tendencies, he argues that you can be generation of entrepreneurs. In happy and fi nancially profi table as long as you stay — DAVID M. DARST, CFA, Managing Director and Chief Investment Strategist, the past fi ve years, SkyBridge has seeded emerging Morgan Stanley Smith Barney true to yourself and stick to your values and principles. hedge fund managers and built a fund of funds business Scaramucci offers hope, urging you to pass through with $4.4 billion in total assets. From 1989 to 1996, the happily-ever-after portal so that you can fi nd your “There is only one Anthony Scaramucci and only the Mooch could have been so Scaramucci was at Goldman Sachs, where he became fortune and all that is fortunate. entertaining, insightful, and honest while sharing his life with us. a vice president in the private wealth management Thank you, Anthony, and continue to make a difference.” area in 1993. Scaramucci is a member of the Board of With years of experience at Goldman Sachs, and Overseers for the School of Arts and Sciences at Tufts — BOBBY VALENTINE , Former Major League Baseball Manager, New York Mets having co-founded two successful alternative invest- University, and a board member of the Lymphoma ment management companies, the author provides WITHOUT LOSING YOUR SOUL HOW TO FIND YOUR FORTUNE a behind-the-scenes view of life on Wall Street—the Foundation, the Brain Tumor Foundation, and the NYC “Anthony Scaramucci is a unique combination of great entrepreneur and wins and the losses, the rights and the wrongs, the Financial Services Advisory Committee. He was also savvy Wall Streeter. His perspective on all things business is invaluable successes and the failures, the good mentors and a technical adviser to Oliver Stone for the movie Wall and here for all to read.” the diffi cult colleagues. Through these entertaining Street: Money Never Sleeps. — DAVID FABER , Anchor, CNBC and insightful stories, featuring advice from a diverse JACKET DESIGN: PAUL Mc CARTHY cast of characters ranging from Li Ka-shing to John JACKET IMAGE: © GETTY IMAGES Weinberg to his Italian nana, Scaramucci identifi es the temptations and roadblocks that accompany our professional ambitions and personal choices, reveal- ing the rules for leading a profi table and fortunate life. [ CONTINUED ON BACK FLAP ] ffirs.indd iv 4/9/10 8:31:24 AM GOODBYE GORDON GEKKO HOW TO FIND YOUR FORTUNE WITHOUT LOSING YOUR SOUL ANTHONY SCARAMUCCI John Wiley & Sons, Inc. ffirs.indd i 4/9/10 8:31:23 AM Copyright © 2010 by Anthony Scaramucci. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifi cally disclaim any implied warranties of merchantability or fi tness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profi t or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. For more information about Wiley products, visit our web site at www.wiley.com. ISBN 978-0-470-61954-4 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 ffirs.indd ii 4/9/10 8:31:23 AM To John F. Iacobucci, a dear friend who was brave, dignifi ed, and never lost his faith in all that is wonderful and special in life. ffirs.indd iii 4/9/10 8:31:24 AM ffirs.indd iv 4/9/10 8:31:24 AM Contents Introduction 1 Chapter 1 Ambition 7 Ego versus the Egomaniac Chapter 2 Success and Failure 37 Reaching for Excellence Chapter 3 Vocation and Meaning 61 Let It All Hang Out Chapter 4 Capital 85 Real Wealth Chapter 5 Knowledge 103 Lessons from Unlikely Places Chapter 6 The Way of the Mentor 123 Looking for a Hero Chapter 7 Teamwork 145 There’s No “I” in Team Chapter 8 The People You Meet on the Street 165 You Take the Good, You Take the Bad Chapter 9 How to Find Your Fortune without Losing Your Soul 187 Further Reading 205 Acknowledgments 207 About the Author 209 Index 211 v ftoc.indd v 4/9/10 8:31:42 AM ftoc.indd vi 4/9/10 8:31:42 AM Introduction met Oliver Stone for the fi rst time in 1987. He doesn ’t remember it. For a dramatist like me, this is more painful than him saying, I “ Oh yeah I remember meeting you and hated every minute it of it.” I always laugh a little bit about this experience as I pride myself on being able to make a fi rst impression. It may or may not be a good one, but an impression nevertheless. It was December of that year and he was screening his new movie, Wall Street , at the Harvard Square Theatre to a group of second- year Harvard Law School students. I was so excited and got to the theater early. When the movie was over he patiently took questions. He was direct and blunt, but also incredibly warm. Although Oliver never worked on Wall Street, he had a good understanding of it because his dad was a broker and also wrote an investment letter. When he talked about his father, you could see his sentimental side. But throughout the entire Q & A, a consistent theme emerged: Oliver Stone seemed disgusted with greed and thought Gordon Gekko was morally deplorable. ■ ■ ■ It was two months after the October 1987 crash and it seemed like an era was ending.

Load more