Describe Books Toward Liar's Poker (Liar's Poker #1)
| ISBN: | 0140143459 (ISBN13: 9780140143454) |
| Edition Language: | English |
| Series: | Liar's Poker #1 |
Narration During 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.
Specify 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 | : | 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 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)
Probably the least interesting thing by Michael Lewis that I've read. Billed as an expose of Wall Street greed, I found it more to be a story of incompetent management and political infighting by conceited executives who found themselves successful by being in the right place at the right time, but think themselves as geniuses. Some of this reminded me a lot of my father's stories of the politics at his former law practice. Why anyone would want to work in a place with so much backstabbing andWell, 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!
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
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
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.
1980 Wall Street.Michael Lewis's personal account of working at the Wall Street. Wild ride of working at Solomon Brothers, making and looking millions. Since then there are some changes are made, but are they enough?
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