A Long Way Gone: Memoirs of a Boy Soldier
Ishmael Beah
A working-class trader explains how he got rich betting that ordinary families would keep getting poorer, and what that bet reveals about interest rates, housing costs and the personal price of a career in finance.

57 sec
Economists keep promising a recovery that never quite arrives, and most of us assume they know something we don’t. In The Trading Game, former Citibank trader Gary Stevenson tells a very different story. He made millions before turning thirty by betting the recovery would not come at all, because ordinary families were steadily losing the money they needed to spend.
His memoir follows a postal worker’s son from a street in Ilford, East London, onto a trading floor where disasters meant profit, and then out again through a bitter fight with the bank. One idea holds it together. The rules that made Stevenson a winning trader, backing himself and surviving until his analysis proved right, also revealed a system that pushes wealth upward, and in the end they got him free of it. His story offers a sharper way to read economic news, and a warning about what a high-paying job can take from the person doing it.
2 min 12 sec
A national trading contest handed one student the worst card possible, then made his losses look far worse. The judges had a reason for the cruelty, and it decided who got hired.
2 min 05 sec
When Lehman Brothers fell and the world economy shook, one trading desk reacted in a way most people would find shocking. Within a year, a junior on that desk had written his own promotion.
2 min 02 sec
Stevenson read the Swiss franc market correctly and still lost millions on it. The way that happened gave him two rules, and they apply to far more than currency trading.
2 min 08 sec
While television experts argued about the shape of the coming recovery, one trader bet billions that there would be no recovery at all. His reasoning starts with something as ordinary as rent.
1 min 53 sec
A trader who had just made tens of millions for his bank found out what his life had become in the middle of a shouting match. The clue was at his feet.
2 min 04 sec
A global bank had every advantage over one exhausted trader who wanted out with his money. What finally broke the standoff is still a mystery, even to the man who won it.
1 min 12 sec
The Trading Game is a confession in two senses. Stevenson admits to the hunger that took a boy who searched drains for a pound coin and made him treat a bank as something to rob. He also admits what the winnings taught him: his most profitable insight was that his own neighbors would keep getting poorer, and that the system made this a safe bet. The rusty lamp posts in Ilford still stand. The towers he once saw between them grew richer partly from the rent and mortgage payments of the families living below.
His lessons travel well beyond a trading floor. When a forecast promises a return to normal, check whether ordinary people truly have more to spend; if housing is eating their pay, Stevenson would bet against the recovery. Judge any big risk by whether you can stay in the game long enough to be proven right. And watch for your own worn shoes, the small signs that a career is using up the person inside it.
Stevenson now runs GarysEconomics and argues against inequality in public debate. He beat Citibank by outlasting it. The harder contest, his story suggests, is the one most people are losing without knowing they are playing.
Economic forecasts keep predicting a return to normal that never seems to arrive. Gary Stevenson, a postal worker's son from Ilford in East London, made millions at Citibank by betting it never would. His memoir explains why, and what winning that bet cost him. Stevenson takes readers from a rigged student card game to a trading desk that celebrated the 2008 crash. He covers a self-awarded promotion, a $4.2 million loss on a colleague's bad tip and large profits from an earthquake and European debt crises. Along the way he sets out his core insight. Central bank money lifts the assets of the wealthy while ordinary people spend more and more of their pay on housing, so the economy cannot grow and rates cannot rise. The second half is about getting out: a breakdown in Tokyo, a threat over a bowl of ramen and a strange, stubborn fight to leave with his deferred pay. Readers get a plain explanation of where money flows and a sobering look at what a high-paying job can take from the person doing it.
Young graduates drawn to finance who want an honest look at the money, the culture and the personal cost.
Workers squeezed by rent and mortgages who want a plain explanation of why the economy feels stuck.
High earners in punishing jobs wondering whether the pay is worth what they are giving up.
Gary Stevenson was born in Ilford, London, and studied mathematics and economics at the London School of Economics. He joined Citibank as a trader in 2008, at 21, and left trading in 2014 to study economics at the University of Oxford. In 2020 he launched the YouTube channel GarysEconomics, which explains economic ideas to a wide audience and argues against inequality. He has joined debates on inequality through outlets including The Guardian, the BBC and LBC. The Trading Game, his memoir of his years in finance, was published by Penguin Books in 2024.
Listeners find the narrative reads like a novel, with one review calling it a gripping rags-to-riches saga. Writing quality receives varied feedback, as some consider it brilliantly well written while others disagree. Furthermore, listeners value the information quality, with one noting it is written in simple terms for newbies, and the book's authority, with one review pointing out its insights into the currency world. They also prize the financial content, with one describing it as the best book on the subject.
Ever wonder what it’s actually like inside the belly of the beast? This book feels less like a dry finance lecture and more like a high-stakes thriller that you just can't put down. Stevenson manages to take complex economic concepts like FX swaps and boil them down into simple terms that anyone can understand, which is no small feat. I loved the rags-to-riches arc, watching him go from a working-class kid in East London to the top earner at Citibank. The writing is incredibly vivid, though at times I did find his descriptions of colleagues to be a bit over-the-top and cruel. It reads like a novel, and I mean that in the best way possible. You feel the adrenaline of the trading floor and the crushing weight of the lifestyle. It’s a fascinating look into a world that usually stays hidden behind glass towers in Canary Wharf.
Show moreThis is hands down the most gripping finance memoir I have encountered in years. Stevenson doesn't just explain the markets; he makes you feel the physical and mental cost of chasing those eye-watering bonuses. I was struck by the descriptions of his deteriorating health—the loss of sleep, the hygiene issues, and the isolation from everyone who actually cared about him. It’s a brutal reminder that the 'dream job' is often a nightmare. Some reviewers call him arrogant, but I found his honesty about his own ambition and greed to be quite refreshing. He isn't pretending to be a saint. The book is written in very simple terms for newbies, making the world of currency trading feel accessible for the first time. Truly a brilliant account of a broken system.
Show moreFinally got around to reading this and frankly, it’s a masterclass in storytelling. It’s rare to find a finance book that actually functions as a compelling narrative, but this one reads like a heist movie. Stevenson’s transition from a driven teenager to a disillusioned millionaire is handled with a lot of nuance, even if he doesn't always come across as likable. The technical details are never overwhelming, which I really appreciated as someone without a banking background. You get a real sense of why the rich keep getting richer while the rest of the world struggles. It’s a polarizing book, for sure, but that’s what makes it so interesting. It’s provocative, addictive, and deeply cynical. I couldn’t put it down.
Show moreWow, what an absolute rollercoaster of a book. I went into this expecting a standard business memoir and came out feeling like I’d just watched a car crash in slow motion. Stevenson’s writing is sharp, funny, and brutally honest about the repulsive nature of the banking world. He doesn't sugarcoat how much of a 'dick' he had to be to survive, and that transparency is what makes the book work. It’s the best book on the subject I’ve read in years because it actually explains why the system is rigged. The sheer stress of the Citibank standoff kept me up way past my bedtime. Whether you love him or hate him, Gary has written something truly unique here. Highly recommended.
Show morePicked this up after seeing Gary’s YouTube channel and was surprised by how much of a page-turner it is. It’s a classic rags-to-riches saga, but with a dark, gritty edge that feels very authentic to London. Truth is, the finance industry often feels like a closed club, so seeing a 'math genius' from Ilford break in and beat them at their own game was deeply satisfying. The standoff with Citibank near the end was particularly tense, even if Stevenson does come off as a bit of a prick during the negotiations. The writing quality is solid, keeping a fast pace that mirrors the frantic nature of the trading floor. Some might find his tone a bit abrasive, but I think it fits the environment he was working in. It’s a compelling, if slightly depressing, look at what it takes to win the game.
Show moreAfter hearing about his 'math genius' reputation, I expected a dry textbook, but this is pure adrenaline. Stevenson captures the toxic, unhinged energy of the trading floor perfectly. Some of the characters he describes are so vile they have to be real; you couldn't make this stuff up. I listened to the audiobook, and while some people hate the accent, I thought it added a layer of grit to the story. The way he breaks down the 2008 crash and the subsequent interest rate moves is the best explanation I’ve ever read. My only gripe is that he can be incredibly callous toward his family, which made him hard to root for at times. Still, the credibility of his insights into the currency world is undeniable. It's a raw, unfiltered look at greed.
Show moreAs someone who usually finds economics boring, I was shocked at how Stevenson managed to make interest rate bets feel like a high-stakes heist. The book has incredible thriller vibes. He does a great job of demystifying the jargon, making the 'trading game' feel like something anyone could play if they had the stomach for it. I found the sections about his time in Tokyo especially vivid, even if his portrayal of the local traders was a bit questionable. The book is at its best when it focuses on the psychological toll of the job. You can see the mental breakdown coming from a mile away, yet you still feel for him. It’s a gripping rags-to-riches saga that doesn't shy away from the uglier parts of the journey.
Show moreThe first half is a brilliant, high-octane look at the world of FX swaps, but then it starts to drag. To be fair, Stevenson is a talented storyteller, and his journey from grammar school outcast to millionaire is genuinely fascinating. However, the constant reminders of how much better he is than everyone else at Citibank become exhausting by the 200-page mark. He portrays his colleagues as one-dimensional villains, which makes the narrative feel a bit staged or exaggerated at times. I appreciated the insight into how crisis becomes profitable for the 1%, but I wanted more depth on his transition to activism. It’s a good read, just be prepared for a heavy dose of ego alongside the economic theory. It’s worth it for the insider perspective, but it’s definitely a bit of a mixed bag.
Show moreNot what I expected from a 'confession'—it felt more like a boast about how he beat the system. While I agree with many of his points on wealth inequality, the delivery is so embittered that it’s hard to swallow. He spends so much time calling everyone else a 'douchebag' or an 'idiot' that he fails to see how much he became exactly like them. The writing is punchy, I’ll give him that, and the pacing is excellent. But the lack of genuine self-reflection makes the moralizing at the end feel a bit hollow. Is he a hero or just a disgruntled ex-employee who got his payout? I'm still not sure. It’s a fascinating insight into the industry, but take his 'victim' narrative with a massive grain of salt. Three stars for the information quality.
Show moreGary Stevenson comes across as such a massive narcissist that I found it hard to finish this. The 'confession' subtitle is a total misnomer because there is almost zero actual self-reflection or remorse for the lives impacted by his bets. Frankly, he seems more interested in proving he’s the smartest guy in the room than in actually exploring the ethics of his industry. The way he talks about his family and his 'inferior' colleagues made me cringe. While the finance content is accessible, the author’s victim complex and arrogance overshadow any valid points he makes about wealth inequality. If you’re looking for a serious economic critique, look elsewhere; this is just a 400-page ego trip. I’m giving it two stars only because the early chapters about his education were somewhat interesting, but the rest is just a car crash of a memoir.
Show moreIt is a memoir of Stevenson’s years as a Citibank trader, from winning a rigged student card contest to making tens of millions for the bank. His central claim is that he got rich by betting interest rates would stay near zero, because money created by central banks inflated the assets of the wealthy while ordinary people spent ever more on housing. The book ends with his long, strange fight to leave the bank with his deferred pay.
Stevenson argues that money pumped into the financial system by central banks never reached ordinary people who would spend it. It raised the price of stocks, bonds and property, mostly owned by the rich, while families like his old friends in Ilford gave more of their pay to landlords and lenders. With less to spend, the economy could not grow, and without growth, rates could not rise, despite expert forecasts.
After losing $4.2 million on a Swiss franc position that a senior colleague suggested, Stevenson settled on two rules. First, your analysis must be right in the end. Second, you must survive long enough for that to matter. His view of the franc market proved correct, but the market turned only after the bank had forced his position closed, so being right did him no good.
Success was hollowing him out. He lived in a nearly empty apartment, missed the holes in his own shoes and, during a Tokyo sabbatical, dropped to 120 pounds and could not sleep. When he asked to leave for charity work, which would let him keep about £1.5 million in deferred pay, the bank resisted and threatened him. He outlasted it and left with the full amount.
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