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

Overview

We never really know how it's going to turn out. One day a community organizer, the next day President. One day CEO of Lehman Brothers, the next day the piñata for greed and ambition run amok. Life is full of decisions, choices, and unexpected twists and turns; how you pick yourself up and react to these unanticipated circumstances will make all the difference.

According to author Anthony Scaramucci, it is time to say goodbye to Gordon Gekko, the rogue character famously ...

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Overview

We never really know how it's going to turn out. One day a community organizer, the next day President. One day CEO of Lehman Brothers, the next day the piñata for greed and ambition run amok. Life is full of decisions, choices, and unexpected twists and turns; how you pick yourself up and react to these unanticipated circumstances will make all the difference.

According to author Anthony Scaramucci, it is time to say goodbye to Gordon Gekko, the rogue character famously portrayed by Michael Douglas in the classic movie Wall Street. In Goodbye Gordon Gekko, Scaramucci explores opportunities for leading a rich life in a difficult, radically changed economy. Believing that the financial crisis was caused by a nation of Gekko-wannabes tripped up by status anxiety and egocentric tendencies, he argues that you can be happy and financially profitable as long as you stay true to yourself and stick to your values and principles. Scaramucci offers hope, urging you to pass through the happily-ever-after portal so that you can find your fortune and all that is fortunate.

With years of experience at Goldman Sachs, and having co-founded two successful alternative investment management companies, the author provides a behind-the-scenes view of life on Wall Street—the wins and the losses, the rights and the wrongs, the successes and the failures, the good mentors and the difficult colleagues. Through these entertaining and insightful stories, featuring advice from a diverse cast of characters ranging from Li Ka-shing to John Weinberg to his Italian nana, Scaramucci identifies the temptations and roadblocks that accompany our professional ambitions and personal choices, revealing the rules for leading a profitable and fortunate life.

What does this mean in practical terms? As Scaramucci shows, it means ridding yourself of egotistical tendencies and developing the self-awareness to bounce back from failure. It means building a circle of competence made of those you trust, mentoring and celebrating others, and giving back to your community and country, all the while targeting success. It means seeing capitalism as an art and businesses as creations and vocations, not simply as levers to feeding your ego. Goodbye Gordon Gekko provides a road map to help people achieve true wealth defined beyond a checking account.

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Editorial Reviews

Publishers Weekly
The financial meltdown of 2008 was primarily attributed to greed getting the better of common sense on Wall Street, where a house of cards built on irresponsibly risky lending and investing eventually came crashing down. The winner-take-all attitude that exemplified the Street was perfectly personified by Gordon Gekko, the ruthless wrecker of companies from Oliver Stone’s 1987 film, Wall Street. Goldman Sachs veteran Scaramucci served as an advisor on the recently-completed sequel and argues that greed leads good people to make systematically worse decisions until they can no longer be called “good” at all. He feels that a desire for money above all else will leave one envious and unhappy regardless of material possessions. True happiness, he believes, can be found by identifying and pursuing your passion and “paying forward” your good fortune. These are popular sentiments as the backlash against materialism burns on, and they are imbued with a certain degree of legitimacy coming from a Wall Street native, but Scaramucci’s platitudes often read like they came from a note-sized list of tips bloated into a book. Scaramucci has good intentions, and his advice is sound, but his material is insufficient to make for a truly captivating book. (May)
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Product Details

  • ISBN-13: 9780470619544
  • Publisher: Wiley
  • Publication date: 5/24/2010
  • Edition number: 1
  • Pages: 224
  • Sales rank: 804,035
  • Product dimensions: 6.10 (w) x 9.10 (h) x 0.70 (d)

Meet the Author

Anthony Scaramucci is the founder and Managing Partner of SkyBridge Capital, a New York-based alternative investment management com-pany, focused on partnering with emerging managers and seeding and mentoring Wall Street's next generation of entrepreneurs. In the past five years, SkyBridge has seeded emerging hedge fund managers and built a fund of funds business with $4.4 billion in total assets. From 1989 to 1996, Scaramucci was at Goldman Sachs, where he became a vice president in the private wealth management area in 1993. Scaramucci is a member of the Board of Overseers for the School of Arts and Sciences at Tufts University, and a board member of the Lymphoma Foundation, the Brain Tumor Foundation, and the NYC Financial Services Advisory Committee. He was also a technical adviser to Oliver Stone for the movie Wall Street: Money Never Sleeps.

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Table of Contents

Introduction.

Chapter 1 Ambition.

Ego vs. The Egomaniac.

Chapter 2 Success & Failure.

Reaching for Excellence.

Chapter 3 Vocation & Meaning.

Let it All Hang Out.

Chapter 4 Capital.

Real Wealth.

Chapter 5 Knowledge.

Lessons from Unlikely Places.

Chapter 6 The Way of the Mentor.

Looking for a Hero.

Chapter 7 Teamwork.

There's No “I” in Team.

Chapter 8 The People That You Meet on the Street.

You Take the Good, You Take the Bad.

Chapter 9 How to Find Your Fortune Without Losing Your Soul.

Further Reading.

Acknowledgments.

About the Author.

Index.

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Customer Reviews

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Sort by: Showing all of 6 Customer Reviews
  • Posted May 7, 2010

    Excellent for Entrepreneurs

    This insightful and enlightening book should be required reading for anyone interested in a career on Wall Street. Scaramucci has been mentored by some of the greatest names in finance and he passes on their knowledge (as well as his own) in a clean, concise writing style that reads like a novel but is as informative as a textbook. Don't miss it. A great read!

    1 out of 1 people found this review helpful.

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  • Posted September 26, 2010

    Freshman essay

    Experience often doesn't translate into interesting, enlightening, or worthy literature. Harvard Law and CNBC exposure too often have quickened interest only to have it dashed into trash. Take this book back and have it rewritten by a lesser ego - say Donald Trump or Bernie Madoff, in his spare timej.

    Was this review helpful? Yes  No   Report this review
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    Posted February 17, 2011

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    Posted January 25, 2011

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    Posted September 14, 2010

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    Posted September 12, 2010

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