Define Of Books Liar's Poker (Liar's Poker #1)
| Title | : | Liar's Poker (Liar's Poker #1) |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | Anniversary Edition |
| Pages | : | Pages: 256 pages |
| Published | : | October 1st 1990 by Penguin Books (first published 1989) |
| Categories | : | Nonfiction. Business. Economics. Finance. History. Biography. Autobiography. Memoir |
Chronicle 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.
Particularize Books Conducive To Liar's Poker (Liar's Poker #1)
| ISBN: | 0140143459 (ISBN13: 9780140143454) |
| Edition Language: | English |
| Series: | Liar's Poker #1 |
Rating Of Books Liar's Poker (Liar's Poker #1)
Ratings: 4.15 From 77047 Users | 2134 ReviewsCriticism Of Books Liar's Poker (Liar's Poker #1)
First book of this type I truly enjoyed. Thank you Lewis for opening up a new field of book to explore.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!
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.
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 and
For people who want to understand the peculiar failure modes of capitalism that have been illustrated by the bubbles, crashes, and bailouts of the past decade, Liar's Poker is required reading. Not that it provides solutions to the problems (far from it), but it illustrates the problem space perhaps better than any other book I know.It does this by means of a sympathetic, yet introspective, portrayal of the vicious, base-natured villainy that is Wall Street Corporate culture. There is little
pp 83 is a discussion of S&L's failure in the US.pp 136 is the best explanation of CMO's I've ever read.Great read. Initially loaned to me by a coworker. I went out and bought it shortly thereafter.A former art student winds up becoming a bond salesman for Salomon Brothers in the mid 1980's. He sees a lot, and describes it vividly. Chernobyl. The October Crash of 1987. Gutfreund and Meriwether quibbling over how much to bet in one hand of the title game.He introduces some terms to the
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
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