Itemize Books To Liar's Poker (Liar's Poker #1)
| ISBN: | 0140143459 (ISBN13: 9780140143454) |
| Edition Language: | English |
| Series: | Liar's Poker #1 |
Explanation As 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.
Point Containing Books Liar's Poker (Liar's Poker #1)
| Title | : | Liar's Poker (Liar's Poker #1) |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | First 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 Containing Books Liar's Poker (Liar's Poker #1)
Ratings: 4.15 From 77047 Users | 2134 ReviewsCommentary Containing Books Liar's Poker (Liar's Poker #1)
I'm a little torn by this book. It's well written, it's funny in places, some of Michael Lewis' observations are very astute and I'm sure that on some level this is an excellent commentary on the downfall of a once great company. Lewis was a trainee bond trader at Salomon Brothers when that firm was the most profitable on Wall St. He did very well out of his time there, and his analysis both here and in another of his works, The Big Short, pinpoints several of the problems that society has, orFirst book of this type I truly enjoyed. Thank you Lewis for opening up a new field of book to explore.
While this is probably Michael Lewis's most famous book, it is not my favorite. Lewis is always an engaging writer, but maybe because this is a recounting of a period of his life, and not an investigation into an exciting mystery or a study of a socialogical phenomenon, it's just not as fascinating as his other works. The book is interesting, as it follows Lewis's journey from college interviews to working at top investment firm Salomon Brothers. The whole investment banking world is incredibly
The last line is probably the funniest/most ironic line I've read all year.
Couldn't get into this one. Too much testosterone and greed to really be of interest. I wouldn't want to be in these people's company and find little of interest in their subculture, unfortunately, it is a very powerful group.
An honest attempt on the life of a bond trader: not the philosophy, nor the routine struggles but the very aspects of inside baseball, juicy gossips and harsh realities. It's not hard to see how careers were made in the 80s in a firm whose rise and fall happened in that decade. It never directly tells you anything other than office politics, but powerful tangents an average human can draw are insightful for an investment banking career.
Well, I went through hell reading this book. But I was partly to blame because I put too much trust in the author hoping he will make matters easier to understand but clearly he didn't think it necessary. Anw, it still expanded my narrow mind a little bit. The dry humor, wisdom as well as humility of the author breathes a refreshing air into such a corrupt industry. Will try to return to this in the future!
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