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

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.. The game was called Liar’s Poker.Before there was Flash Boys and The Big Short, there was Liar's Poker. The time was the 1980s. The place was Wall Street. 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. After

Michael Lewis, is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, and Flash Boys. . He lives in Berkeley, California, with his wife and three children

“Liar's Poker is the funniest book on Wall Street I've ever read.” - Tom Wolfe“Often profane, always hilarious, right on the mark.” - People“So memorable and alive…one of those rare works that encapsulate and define an era.” - Fortune“Makes the bond-trading business look like a cross between Animal House and Greed Incorporated…Lewis recounts incidents that should make customers stuff their money in mattresses.” - Washington Post“Roars along like a maniac comic novel.” - Los Angeles Times“Lewis provides a view so vivid you can almost see the sweat dripping from the traders' brows. From inside, mighty Salomon Brothers looks like Animal House&hell

Pacman said These older books about finance are not a waste of time. These older books about finance are not a waste of time. Michael Lewis writes in a way that even a layman can get the picture of what is going on. Loved this book. Interesting that the COD of mortgages was born at Solomon Brothers. Ya know the thing that caused the last market crash. There were the so called experts that blamed the crash on Congress,for pushing mortgages for the low income, when all you really needed was a heartbeat to get a mortgage. There was a high demand for mortgage assets once they were put into the marketableCOD form, rated triple A, and marketed to the rest of the world as a replacement for Treasuries that . An Eye Opener- Well worth your time An insider's account that is a real eye opener. Lewis recounts his days as a 'newbie' at Solomon in the '80's, which is when they started packaging home loans and trading them (the genesis of the recent economic collapse). His story is laced with all the discouragement, frustration and excitement he felt as he worked his way through the ranks in an environment rank with lies, greed and backstabbing. He quickly discovered there was only one way to succeed at his job-jump on the bandwagon and lie. To avoid burning bridges, he learned to couch the lies in something he felt he could live with, and when that wasn't enough to relieve his. Pelicanbrief said A good book. I started to read "The Big Short" but put it down to read Michael Lewis's first book as a warm up. It's a good introduction to the madness of Wall Street. Very well written with good introspection. The "A good book" according to Pelicanbrief. I started to read "The Big Short" but put it down to read Michael Lewis's first book as a warm up. It's a good introduction to the madness of Wall Street. Very well written with good introspection. The 25th anniversary edition is a good transition to "The Big Short" which I am picking up right now.. 5th anniversary edition is a good transition to "The Big Short" which I am picking up right now.