Liar's Poker: Rising through the Wreckage on Wall Street

Liar's Poker: Rising through the Wreckage on Wall Street

by Michael Lewis
4.0 194
Pub. Date:
Norton, W. W. & Company, Inc.
Select a Purchase Option
  • purchase options
    $15.52 $27.95 Save 44% Current price is $15.52, Original price is $27.95. You Save 44%.
    Note: Access code and/or supplemental material are not guaranteed to be included with textbook rental or used textbook.
  • purchase options


Liar's Poker: Rising through the Wreckage on Wall Street

In this shrewd and wickedly funny book, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. 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.

With the eye and ear of a born storyteller, Michael Lewis shows us how things really worked on Wall Street. 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 chairman Gutfreund challenges his chief trader to a hand of liar's poker for one million dollars; around the world in London, Tokyo, and New York, bright young men like Michael Lewis, connected by telephones and computer terminals, swap gross jokes and find retail buyers for the staggering debt of individual companies or whole countries.

The bond traders, wearing greed and ambition and badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all thier outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis's job, simply described, was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. In doing so, he generated tens of millions of dollars for Salomon Brothers, and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America.

Product Details

ISBN-13: 9780393027501
Publisher: Norton, W. W. & Company, Inc.
Publication date: 10/28/1989
Pages: 256
Product dimensions: 6.50(w) x 9.60(h) x 1.00(d)

Table of Contents

Preface 9(4)
1 Liar's Poker
2 Never Mention Money
3 Learning to Love Your Corporate Culture
4 Adult Education
5 A Brotherhood of Hoods
6 The Fat Men and Their Marvelous Money Machine
7 The Salomon Diet
8 From Geek to Man
9 The Art of War
10 How Can We Make You Happier?
11 When Bad Things Happen to Rich People
Epilogue 247

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews

Liar's Poker 4 out of 5 based on 0 ratings. 194 reviews.
LidlessEyesWatchingDoor More than 1 year ago
The Bang for your Buck is in the last 60 pages; the rest is vanity.
Anonymous More than 1 year ago
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
DrAndy More than 1 year ago
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".
FairfieldU2011Grad More than 1 year ago
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
SubwayReader More than 1 year ago
Excellent work. Looking forward to reading his other offerings. Looking back now it is absolutely stunning to see how the junk/mortgage bond market was basically being created.
ktrock More than 1 year ago
A classic! Lewis takes the reader through all the ironic twists of being on Wall Street in the '80s.
Anonymous More than 1 year ago
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!
Mark Kuczora More than 1 year ago
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
Guest More than 1 year ago
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.
Guest More than 1 year ago
'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.
LisaDunckley More than 1 year ago
While this is probably Michael Lewis's most famous book, it is not my favorite. Lewis is always an engaging writer, but maybe because this is a recounting of a period of his life, and not an investigation into an exciting mystery or a study of a socialogical phenomenon, it's just not as fascinating as his other works. The book is interesting, as it follows Lewis's journey from college interviews to working at top investment firm Salomon Brothers. The whole investment banking world is incredibly cutthroat, not surprisingly. The money to be made was incredible, and unfortunately the “snakes” of the world benefited from this. People who could sell worthless stuff for large sums of money were the heroes. People who had the best interests of their customers at heart were the losers. A problem with this book is that it is somewhat dated—again, because it is a “diary” of time in Lewis's life and not just about an event that exists on its own. Honestly, I probably would have scored this higher and enjoyed it more if Lewis's other books weren't so absolutely fantastic!! Moneyball in particular is one of my favorite books and has been reread until it's somewhat tattered. I've loved every other book by Lewis, so this one suffers in comparison. Still a good read, if you are interested in the “good ol' days” of finance!
Anonymous More than 1 year ago
Anonymous More than 1 year ago
This book is so hilarious and gives a birds eye view of investment banking. A potentionally snoozer of a subject had me laughing at how audacious the powers that be eere in the book. Great read
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Anonymous More than 1 year ago