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The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker.

Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.

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Liar's Poker
Average rating
4.3 / 5
Liar's Poker
August 12th, 2014
Being written in and about the 80s financial boom, one would expect this book to be dated. On the contrary, however, it really describes the initial stages of the financial management incompetence and greed that have led to the current conditions, including the 2008 crash... The seeds were clearly sown in the mortgage and junk bond "advancements" of the 70s and 80s with a straight line extending to the current mess of dark pools, HF trading, CDOs, etc. It gives particular insight to the moral corruption not only of the individuals but of the corporations that are supposed to be aiding their customers in sound financial management but instead play them as suckered for their own benefit...
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1 review
Interesting look at the Market
May 17th, 2014
Very well written and enjoyable to read. Surprising how markets are shaped and created and how Caveat Emptor should never be forgotten. Most surprising was how much people working with these huge sums of money can be so wrong with disastrous results for their customers as well as with their own future.
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Liar's Poker
April 14th, 2014
A fascinating account of the big money and big egos in operation behind the scenes in the western financial system. A compelling read for anyone that wants to participate in the crap shoot that has become the global finiancial industry where it is the less than conventional thinkers that cause the profound innovations that have shaped national economies for better and worse.
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