Liar's Poker (25th Anniversary Edition): Rising Through the Wreckage on Wall Street (25th Anniversary Edition) by Michael Lewis

Liar's Poker (25th Anniversary Edition): Rising Through the Wreckage on Wall Street (25th Anniversary Edition)

By Michael Lewis

  • Release Date: 2014-10-27
  • Genre: Biographies & Memoirs
Score: 4.5
4.5
From 40 Ratings
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Description

The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker.
Before there was Flash Boys and The Big Short, there was Liar's Poker. A knowing and unnervingly talented debut, this insider’s account of 1980s Wall Street excess transformed Michael Lewis from a disillusioned bond salesman to the best-selling literary icon he is today. Together, the three books cover thirty years of endemic global corruption—perhaps the defining problem of our age—which has never been so hilariously skewered as in Liar's Poker, now in a twenty-fifth-anniversary edition with a new afterword by the author.
It was wonderful to be young and working on Wall Street in the 1980s: never before had so many twenty-four-year-olds made so much money in so little time. After you learned the trick of it, all you had to do was pick up the phone and the money poured in your lap.

This wickedly funny book endures as the best record we have of those heady, frenzied years. In it Lewis describes 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.

As he has continued to do for a quarter century, Michael Lewis here 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 chairmen Gutfreund challenges his chief trader to a hand of liar’s poker for one million dollars.

Reviews

  • Same book 25 years later.

    4
    By Kickapoo Doc
    This is a book about Mr. Lewis becoming a bond salesman grafted on to a mini-history os Saloman Brothers. By now, no one should be surprised by a company abusung its customers. This is true of retail brokerage but somewhat more strangely institutional sales too. The bizarre culture of the Salomon Brothers trading floor seemed to suit Mr. Lewis who has his own liking for the F**** word and that word was at the top of the floor vocab list. Those interested in Mr. John Gutfreund will want to read this book. Mr. Gutfreund blames this book for ruining his career but he is fantastically rich whilst being a complete idiot. Its not the book but his own actions to which he should pay attention.. Please not that many of the same issues at question in the 1980s came back to bite us in 2007 & 20008.

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