Be Specific About Books To Liar's Poker (Liar's Poker #1)
| ISBN: | 0140143459 (ISBN13: 9780140143454) |
| Edition Language: | English |
| Series: | Liar's Poker #1 |
Description In Pursuance Of Books Liar's Poker (Liar's Poker #1)
In this shrewd and wickedly funny book, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call.With the eye and ear of a born storyteller, Michael Lewis shows us how things really worked on Wall Street. In the Salomon training program a roomful of aspirants is stunned speechless by the vitriolic profanity of the Human Piranha; out on the trading floor, bond traders throw telephones at the heads of underlings and Salomon chairman Gutfreund challenges his chief trader to a hand of liar's poker for one million dollars; around the world in London, Tokyo, and New York, bright young men like Michael Lewis, connected by telephones and computer terminals, swap gross jokes and find retail buyers for the staggering debt of individual companies or whole countries.
The bond traders, wearing greed and ambition and badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all thier outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis's job, simply described, was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. In doing so, he generated tens of millions of dollars for Salomon Brothers, and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America.
Itemize Appertaining To Books Liar's Poker (Liar's Poker #1)
| Title | : | Liar's Poker (Liar's Poker #1) |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | Deluxe Edition |
| Pages | : | Pages: 256 pages |
| Published | : | October 1st 1990 by Penguin Books (first published 1989) |
| Categories | : | Nonfiction. Business. Economics. Finance. History. Biography. Autobiography. Memoir |
Rating Appertaining To Books Liar's Poker (Liar's Poker #1)
Ratings: 4.15 From 77047 Users | 2134 ReviewsCriticize Appertaining To Books Liar's Poker (Liar's Poker #1)
In a previous review, I talked about The Bonfire of the Vanities and about the mastery of Tom Wolfe in crafting his characters, the story line and the various social types he described there. There was one aspect of that book that I did not talk much about and yet which was prevalent in my attraction to the story: not only it is one of the iconic stories that symbolizes Wall Street in the 1980s but it is also taking place at a very specific time when Wall Street was actually part of History.To write a non-fictional portrayal of your life during your 20s is not an easy task. To do this while still in your 20s, to have it be your first book, and to have the story revolve around bond trading / Wall Street - and not have the book be as dry as it sounds - seems an almost cruel undertaking. But Lewis managed to do this. Despite what would seem to be the worst idea for a first book, Lewis keeps the reader interested and turning pages, even with a cast of execrable people that are only
Atlas Shrugged for the philistine. It's subtle glorification of the greedy, underneath a veneer of hilarious sarcasm and grudging respect is the stuff financial Bibles are made of. An interesting slice of financial history is captured succinctly, more precisely the development of Collaterized Mortgage Obligations in the 80's which also has direct relevance to the recent U.S housing crisis. If you wish to get everything you can out of this book, get your Finance 101 straight. It'll be a lot more
A brilliant and funny memoir of life on Wall Street in the 1980s. Michael Lewis shows exactly how craven and self-serving his firm, Salomon Brothers, had become by the time of his arrival in 1985. Previously a backwater, Jewish-led, bond trading firm, Salomon rode the wave of leverage in the Reagan era to become the most profitable investment bank in the world. Yet part of that success came from keeping good deals on its own books and passing bad bets to its customers. Lewis describes his first
Liar's Poker tells the story of Michael Lewis and his career on Wall Street during the eighties. In those days, it was almost like the wild west with people throwing money around. Then, the loss of massive sums of money (one hundred million and over) was something that was laughable and easily disregarded. Now, losing that amount of money would yield either a huge embarassment or an instantaeneous firing. Througout the book, Michael Lewis describes to macho-nature of the financial world by using
Ironically (you will understand why once you read the book), this was one of the suggested readings when I was interning with Goldman Sachs. The book captures the experiences of Michael Lewis as a Salomon bond salesman. But what it includes in more excruciating detail is "the" truth about the glorified Wall Street (using this phrase in a rather generic sense to include markets in other locations as well), and the rise and fall of one of its inhabitants, Salomon Brothers, in the 1970s and 80s. To
This was my 7th book by the author and I have loved all his earlier books. Even I was surprised how much I disliked this one.Unlike the other books, this was a memoir of the author's days from investment banking. Remember U.S. Investment bankers ? The guys who paid themselves fat bonuses after the govt bailout in 2008. The guys who broke every barrier of greed in their insane lust for profits. This is about how one of the biggest investment banking firms "Salomon Brothers" worked in the 1980s.
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