Liar's Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. First published in 1989, it is considered one of the books that defined Wall Street during the 1980s. This bestselling and hilarious book blew the doors off Wall Street's boardrooms and introduced the world to the writing of.
Even though Sb had success and made millions of dollars, Liar’s Poker showed that businesses can’t continue to prosper with a flawed business model. Even though SB’s success was short lived the theme of taking advantage of every opportunity is ongoing throughout the entire book. The driving force that led SB to their success in the early 1980s was pure luck. The mortgage bonds division.
Liar’s Poker recounts the culture of Wall Street in the 1980s, when the (in)famous Salomon Brothers was at its peak. At the time, Michael Lewis was an ambitious Princeton graduate who landed a job as a Bond Salesman and who climbed the ranks to eventually make millions for the firm. This was the frat-boy, deviant era of finance. Men earned their keep not from their degree of education (many.Liar's Poker Rising Through the Wreckage on Wall Street (Book): Lewis, Michael: 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.When Fed Chairman Ben Bernanke and Treasury Secretary Hank Paulson went to Capitol Hill last week, it was like a scene out of Michael Lewis’s book Liar’s Poker. In the book, Lewis describes a.
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Liar's Poker If you are interested in sales and trading or investment banking in general, this is the book to read. The mischievous yet exciting inside world of a successful financial institute through the detached viewpoint of a bond salesman is extremely captivating, educative and, above all, entertaining.
Liar's Poker. word type: noun. This game bears little resemblance to traditional poker, although it does share some strategic elements, like probability and bluffing, as well as a touch of psychology. A book by Michael Lewis named after the game, published in 1989 about bond traders on Wall Street. How to Play. Two or more players place bids using the serial numbers from dollar bills.
From Library Journal 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.
Michael Lewis was freshly graduated from Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms.Over the next three years, Lewis has moved from callow trainee to selling bonds, collecting millions of dollars for the firm and silver on a modern-day gold rush day.From the liar, the Poker is the culmination of these.
Liar's Poker Directed by Jeff Santo. United States, 1999. Crime 93 Synopsis. A group of manly men who are not only “friends,” but also business associates in a shady nightclub venture, try to double-cross one another. Jack (Richard Tyson), the supercool leader of the pack, has invested a quarter of a million dollars into his friend Vic’s (Jimmy Blondell) nightclub. This film is not.
Liar’s Poker is a book that will take you down the rabbit hole of investment banking during the boom in the 1980s and highlight the level of greed and foolishness that took over many individuals at the time. Management’s egos stood in the way of treating its people properly and it opened up opportunities for other institutions to steal Solomon’s top guys and turn Solomon’s monopoly.
Complete summary of Michael Lewis' Liar's Poker. eNotes plot summaries cover all the significant action of Liar's Poker.. in their mid-twenties might earn several hundred thousand dollars a.
It was wonderful to be young and working on Wall Street in the 1980s - never had so many 24-year-olds made so much money in so little time. In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank.
Liar's Poker is a non-fiction,. Despite his lack of knowledge, he was soon handling millions of dollars in investment accounts. In 1987, he witnessed a near-hostile takeover of Salomon Brothers but survived with his job. However, growing disillusioned with his work, Lewis quit the firm at the beginning of 1988 to write this book and become a financial journalist. The first edition was.
In a way, stocks today reflect what Mr. Lewis describes in Liar’s Poker, where Salomon Brothers merchandised the market’s ignorance about what priced bonds. We can do better by understanding how stocks are priced.