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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.
In fiction there was Bonfire of the Vanities; in reality, there is Liar's Poker--the fascinating insider's account of what really happens on Wall Street. This irreverent and hilarious birds-eye view of Wall Street's heyday will appeal to anyone intrigued by the allure of million dollar deals. Now in trade paper.
LidlessEyesWatchingDoor
Posted August 28, 2010
The Bang for your Buck is in the last 60 pages; the rest is vanity.
2 out of 2 people found this review helpful.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted July 13, 2010
Michael Lewis does a great job the bring the experience of a Bond Trader in wall street to its reader. The book goes into good detail about the events that unfolded at Salomon Brothers during his time there, and gives you a whole new perspective on the industry. Definitely worth reading
1 out of 1 people found this review helpful.
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Posted July 18, 2011
A classic! Lewis takes the reader through all the ironic twists of being on Wall Street in the '80s.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted July 10, 2011
I had to read this book for extra credit for my history class in college. To be honest, I didn't want to, but I had to and I'm glad I did. This was an enjoyable read, although the chapters were a bit long in my opinion. I recommend it!
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.8443855
Posted June 5, 2011
Loved it
0 out of 2 people found this review helpful.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted February 15, 2011
great read even for beginners. hard to quantify greed in this world but this comes close. great intro for novices. i wish i read it sooner
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Posted January 17, 2011
as a finance major this provides a wonderful jump back into the 1980s at Salomon Bros...i read this after reading The Big Short but I will definitely go back and reread it again with a better understanding of Lewis' style and the mortgage bond market...a must read for any student in business...will be looking to purchase more books by Lewis...he has a unique style to put you into the atmosphere of the story
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Posted October 19, 2010
this book by Micheal Lewis is follows a young intern all the way through Saloman Brothers on his way to millions, and his losing it. wether it is a speech with the bad kids in the back and the nerdy girl sitting front and center, or Micheal up and coming in London sellling some at&t stock to an angry German it is very discriptive. as the book begins you learn what liars poker is a game of wit and instinct. you learn of John Gutfriend the CEO of solamon a crazy man that will run around cutting off peoples tie's then just giving them $200 to buy a new one. it shows how snobby it can get on the Forty-first floor and that it was every intern's nightmare to get stuck with equites in Dallas. I have wanted to be a stock trader but this book has shown me where the real fun is, in Bond salesman. in the end it shows the demise of the company as the own rules they helped design come back to bite them in the butt. as other companies begin to buy up Solamon, it like many other companies back in the 80's fell to the great companies of today. ryan b.
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Posted March 24, 2010
MUST READ!!!
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Posted March 29, 2009
I Also Recommend:
interesting to read, learned about the way economy worked in those times, helps to understand how a "strong" market can crash.
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Posted February 16, 2009
I've read this book twice; once when it came out about twenty years ago, and again a few weeks ago. The difference twenty years of living makes is immense. As a young man, this writer's voice did not bother me, but at 43, I found him irritating in the extreme. The book is a decent insider's look at a time in America when stockbrokers were flying high, and for that, this book remains interesting, though I much prefer the excellent "Den of thieves".
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Posted September 12, 2004
This book is well written and keeps you gripped well into the night. Liar's Poker was so good that I have decided to become an investment banker, so help me God.
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Posted April 27, 2003
The story of a young man in the right place and time, telling his life as a trainee working to be a very profitable bonds trader in the 1980's. The novel is perfect for the biggest enthusiast, to someone just beginning to be interested in the market. Lewis¿s emphasis on detail keeps you glued to the pages while he tells of the incredibly hectic life of a trader, and the childish man you must be to be one. The life at Solomon Bothers Trading was one of hell for a trainee and Lewis shows this brilliantly through his numerous anecdotes that will make you laugh hysterically but get you more intrigued as to what will happen next. This is one you don¿t want to put down.
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Posted April 27, 2003
This first-hand account of the craziness of the late 1980's on Wall Street generally, and at Salomon Brothers specifically, is both illuminating, as well as entertaining. During the duldrums of second year in law school, my good friend and classmate suggested that I take a weekend and read something both entertaining, as well as educational. He was very correct. This book is so well written and undeniably engaging, that it can be read over the course of a weekend. The book is one of my favorites, and I have read it and re-read it probably 4 or 5 times!!!
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Posted June 21, 2001
I have read this book at least three times, and still flip through various sections on occasion. Lewis tells about the flaws of the securities business in a humorous manner. My favorite part of the book is the presentation by the 'Human Piranha'. If they ever made a movie version of Liar's Poker, Joe Pesci would be perfect for that part!
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Posted February 19, 2001
'Caveat Emptor', 'Eat or be eaten',were the rules of the bond trading world at Salomon Brothers as well as Wall Street at the pinnacle of 1980s- the greed decade. After reading this for the first time as a 16 year old high school student, Lewis' masterpiece didn't turn me away from Wall Street, it made me more interested. While reading the book, I found myself clued in as I was glued to it's pages. Lewis is not only a brilliant storyteller and salesman, he explains to the layman and young student how the rigged game of trading really works. An absolute eye opening must-read for those pursuing Wall Street careers. I've read it a at least a dozen times.
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Posted March 6, 2000
An insider's look at the inside of an investor banking firm, with no holds barred. I enjoyed the descriptions of the characters particulary The Human Piranha, who sounds like Joe Pesci, Alexander the boy wonder trader, and Lou Ranieri who rose from the mailroom to the head of mortgage trading. Well written and great use of humor!
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Posted December 17, 1999
In college one of my teachers told me to read this book and I did. It was one of the reason that got me interested in the financial markets. The book may seem very fictional but it is not. I've read it several times. Each time is better and better. Lewis writes very vivid such as the big swinging d#$%'s that walk like elephants. A classic line.
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Posted February 20, 2011
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Posted March 22, 2011
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Overview
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 ...