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Generation Desperation: The must-read memoir of trading your way to a million dollars via Robinhood and WallStreetBets
Alexander Hurst
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'Somewhere in the multiverse, innumerable possibilities are collapsing into infinite different realities. Am I happier in any of them? I still don't know. The answer to that question is just one more thing that $1.2 million could never buy.'
In 2020, Alexander Hurst was 29 years old and broke, living as a writer in a cramped Paris flat-share. There were murmurs that a global pandemic was coming. Financial stability seemed unattainable, so far removed from his reality - the reality of the generation who came of age during the 2008 financial crisis.
On a whim, he poured his meagre savings into highly risky options trading. Within a year this small set of stocks was worth $1.2 million. Enough to turn his life on its head - but not in the way he had imagined, as he began a slow motion descent into losing it all.
In exploring Alexander's remarkable rise and fall from wealth, Generation Desperation grapples with the vital questions of our age: what do class and status mean in a late-stage capitalist society? Can everyone really build the life they want? Or is there a cost to pursuing money above everything?
Generation Desperation is an urgent, unmissable fable for our times.
Read MorePraise for Generation Desperation: The must-read memoir of trading your way to a million dollars via Robinhood and WallStreetBets
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A fantastically compelling personal story that is also the story of a generation. Hurst captures millennial desperation about money, and the seduction of get-rich-quick stories in the social-media era. Told with perfect timing.A cautionary tale to young men raised on internet hustle culture . . . Generation Desperation is a riveting, tender, and painfully timely epic about what really matters.A clever and brutally honest, zeitgeisty tale.
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