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As described by Lewis, liar's poker is a game played in idle moments by workers on Wall Street, the objective of which is to reward trickery and deceit. With this as a metaphor, Lewis describes his four years with the Wall Street firm Salomon Brothers, from his bizarre hiring through the training program to his years as a successful bond trader. Lewis illustrates how economic decisions made at the national level changed securities markets and made bonds the most lucrative game on the Street. His description of the firm's personalities and of the events from 1984 through the crash of October 1987 are vivid and memorable. Readers of Tom Wolfe's The Bonfire of the Vanities ( LJ 11/15/87) are likely to enjoy this personal memoir. BOMC and Fortune Book Club selection.
- Joseph Barth, U.S. Military Acad . Lib., West Point, N.Y.
Copyright 1989 Reed Business Information, Inc.
“Lewis has a gift for the rapid portrait. Unless you find his flippant one-liners irritating, it is a pleasure to be guided around the jungle of bond markets by his reminiscences and trenchant asides. . . . Apart from the belly-laughs, one of the triumphs of is that it makes the financial complexities of investment banking and the markets accessible to the layman. . . . Everything from yields to selling short is painlessly clarified in the course of the narrative.” — Victor Mallet (London Review of Books)
“Vivid and memorable.” — Library Journal
“Lewis takes the reader through his schoolboy's progress as trainee and geek in the trading room, to high-powered swashbuckler. The author has a puckish appreciation for the comic. Yet he also has the knack of explaining precisely how complex deals really work. He provides the most readable explanation I've seen anywhere of the origin within Salomon Brothers of the mortgage-backed securities market....It is good history, and a good story.” — National Review
Did they really do this stuff?
Manipulation of money as a game!
The story of Michael Lewis is a very credible report on the enrollment and development of rookies in the investment banking world. Read morePublished 4 months ago by Michel Hebert
we should all be aware of what went on, and what goes on in the financial markets, but who knew that it could be a page turner?Published 15 months ago by Jen D
Lewis has a captivating writing style. I have now read a couple of his books and have thoroughly enjoyed them. Read morePublished 15 months ago by GearHead
Lewis shows the ins and outs of a company at its peak and at its demise... Amazing read and turned out to be a real page turner. Read morePublished on July 13 2013 by Brendon Bigelli
Really great book a must read for all traders or wanna be traders.....you'll know if u still wanna be.....or is it just the moneyPublished on June 22 2013 by Ddog
Michael gives the reader an inside look at one firm on Wall St. The story is not new: greed, power, money. It never changes. Read morePublished on April 5 2013 by Warren