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Liar's Poker (Norton Paperback) by Michael…
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Liar's Poker (Norton Paperback) (original 1987; edition 2010)

by Michael Lewis (Author)

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3,445552,711 (4)41
The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.
Member:ranujrdz
Title:Liar's Poker (Norton Paperback)
Authors:Michael Lewis (Author)
Info:W. W. Norton & Company (2010), Edition: Reprint, 320 pages
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Liar's Poker: Rising Through the Wreckage on Wall Street by Michael Lewis (1987)

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» See also 41 mentions

English (54)  French (1)  All languages (55)
Showing 1-5 of 54 (next | show all)
Very time warn but compatible with today’s market and relative. Money is a BIG game and hence, book written.

A must have for anyone. ( )
  petra4 | Mar 4, 2021 |
In Liar’s Poker, Michael Lewis chronicles his time as a bond salesman at Salomon Brothers in the 1980s. It starts off with how he ended up in the investment banking industry, and then continues by describing the training program at Salomon Brothers. In the middle, there is a fairly lengthy description of the mortgage trading department at Salomon and its main players. The last part is about Michael Lewis brief career as a bond salesman in London.

Lewis is a very gifted writer, and the book is quite funny, especially the first part about the training program. I laughed out aloud several times when reading it. The middle part drags on a bit, but was nevertheless interesting. The best part was reading about the sales tactics and the lack of scruples when selling bonds. I also learned quite a bit about bond trading, and the development that occurred in the 1980s, both with mortgage bonds and junk bonds. It also describes the scheming and back-stabbing at the firm really well.

In all, an easy read – well-written, funny and informative about the world of bonds and investment banking in the 1980s. ( )
  Henrik_Warne | Dec 13, 2020 |
Liars' Poker is the quintessential business novel. Everyone businessman I know has either read it or heard of it. So, I decided that I should check it out.

This book is an account of Michael Lewis' time at Salomon Smith Barney in the mid 80s, at the height of the junk bond craze. He perfectly describes the atmosphere of competitiveness and the vast rewards everyone was reaping as a result of the boom.

What came as a surprise to me is that Lewis describes the mortgage bond market, an obtuse and vague instrument, very clearly and in a way most non-business people could also understand. This explanation also serves to show why these junk bonds ultimately collapsed.

Then, of course, are his hilarious descriptions of his orientation, his bosses and coworkers. To read about these outlandish characters is worth the price of the book alone.

So, to close, this book is a classic for a reason. It is informative and well written, but manages to be hilarious at the same time, a feat few authors can achieve. Read this book at all costs. ( )
  reenum | Nov 1, 2020 |
Entertaining and well written. The middle section (the formation of the mortgage bond department) the best part - indeed, could stand alone. Final couple of chapters a disappointment: A synthesis of someone else's book about another major figure in 1980s finance, and a rush at the end for Lewis to leave Salomans. An early book from Lewis's portolio, and he has got better as his work evolved. But "Liar's Poker" is worth a read for more than would-be completists. ( )
  Parthurbook | Oct 8, 2020 |
A joy to read ordinarily, my delight in finally reading this classic was multiplied for also being a finance professional and thus finding the stories highly relatable; and for also having left the industry, unpredictably, simply because I felt it was a time for a change. Michael Lewis isn't sure if he made the right decision, and niether am I - but at least I am in his good company. ( )
  GeorgeHunter | Sep 13, 2020 |
Showing 1-5 of 54 (next | show all)
It doesn't hurt that Lewis is a fantastic writer with a particular talent for explaining the minutae of investment banking without making you want to gouge your own eyes out.
added by lampbane | editBoing Boing, Cory Doctorow (Oct 3, 2008)
 

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The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.

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W.W. Norton

2 editions of this book were published by W.W. Norton.

Editions: 0393027503, 039333869X

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