Liar's Poker

Author: Michael Lewis

Publisher: W. W. Norton & Company

ISBN: 9780393066258

Category: Biography & Autobiography

Page: 256

View: 4119


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.

Liar's Poker

Author: Michael M. Lewis

Publisher: N.A

ISBN: 9780340534694

Category: Bonds

Page: 298

View: 9021


From mere trainee to lowly geek, to triumphal Big Swinging Dick: that was Michael Lewis' pell-mell progress through the dealing rooms of Salomon Brothers in New York and London during the heady mid-1980s when they were probably the world's most powerful and profitable merchant bank. A true-life Bonfire of the Vanities, funny, frightening, breathless and heartless, his is a tale of hysterical greed and ambition set in an obsessed, enclosed world.

Liar's Poker

Author: Michael Lewis

Publisher: W. W. Norton

ISBN: 9780393246100

Category: Biography & Autobiography

Page: 313

View: 8760


The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.

Liar’s Poker

Author: Instaread

Publisher: Instaread

ISBN: 1945048174

Category: Business & Economics

Page: 35

View: 8400


Liar’s Poker by Michael Lewis | Summary & Analysis Preview: Liar's Poker is the story of the investment banking firm Salomon Brothers during the tenure of CEO John Gutfreund, lasting from 1978-1991, and to a lesser extent, a description of the wider financial world of the 1980s. The growth of Wall Street firms like Salomon Brothers was boosted by government deregulation which allowed for the growth and creation of risky mortgage-backed securities and high-yield junk bonds during this period. During the 1980s, Salomon Brothers was the largest investment banking firm in the United States… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Liar’s Poker · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways

Liars Poker

Author: Wayne Bryant

Publisher: Independently Published

ISBN: N.A

Category:

Page: 52

View: 3529


The classic Michael Lewis book that defined an era of greed, gluttony, and outrageous fortune, available for the first time unabridged and read by the author. In 1986, before Michael Lewis became the best-selling author of The Big Short, Moneyball, and Flash Boys, 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 New York- and London-based 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. This new audio edition, produced by the same team that produces his number one podcast Against the Rules, is unabridged, read by the author, and features archival news clips from the era, original scoring and sound effects, as well as a bonus episode from the companion podcast. From the frat-boy camaraderie of the 41st-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, Liar's Poker is both "the funniest book on Wall Street I've ever read" (Tom Wolfe) and the launchpad for Michael Lewis' storied career.

Quicklet on Liar's Poker by Michael Lewis

Author: Jameson Knoll

Publisher: Hyperink Inc

ISBN: 161464800X

Category: Study Aids

Page: 58

View: 8266


Quicklets: Learn More. Read Less. Published in 1989, best-selling Liar's Poker details author Michael Lewis's time in the London office of Salomon Brothers in the mid-1980's. Written after he left the firm in 1988, the book tells the story of 1980's Wall Street in a wickedly funny manner, featuring some of the most interesting characters to walk across the pages of non-fiction. Along with Tom Wolfe's Bonfire of the Vanities, it is generally considered to be one of the defining books of the era. The name is taken from liar's poker, a gambling game popular with Wall Street traders. Though Liar's Poker has not yet been made into a film, Lewis is currently in discussions with Warner Bros. about a film adaptation. BOOK EXCERPT FROM CHAPTER 3 OF THE QUICKLET ON LIAR'S POKER But all that began to change in late 1979. Michael compares making money on Wall Street to eating the stuffing out of a turkey; first somebody must stuff the turkey. In 1979, the bond turkey started getting stuffed. Two parties were responsible. The first was Fed chairman Paul Volcker, who on October 6, 1979, announced that interest rates would no longer be fixed. Money supply would be fixed, and interest rates would float. In practice, this meant that interest rates would swing wildly. And since bond prices moved inversely to interest rates, bond prices would swing wildly as well. In one move, the bond market was changed from a sleepy backwater for a safe investments into a casino. The second was the governments, corporations, and consumers of the United States. Specifically, their desire to borrow money. The rate of borrowing increased during the 1980's faster than it ever had before; the indebtedness of all three groups totaled $323 billion in 1977. By 1985 it was $7 trillion. ...to be continued! Quicklets: Learn More. Read Less.

Summary Pack Feature Series: Micheal Lewis Summaries

Author: Ant Hive Media

Publisher: Createspace Independent Publishing Platform

ISBN: 9781533395900

Category:

Page: 84

View: 8557


This is a collection of summaries featuring books written by one of our greatest financial journalist: Michael Lewis. It includes the #1 New York Times Bestsellers: Flash Boys, Liar's Poker, The Big Short. The summaries provide insight to investments and securities trading in the US equity market leading to the crash. FLASH BOYS: A WALL STREET REVOLT SUMMARY: This is a summary of a #1 New York Times Bestseller that focuses on the rise of high-frequency trading in the US equity market. LIARS POKER SUMMARY. This is a summary of a #1 New York Times Bestseller describing the author's experiences as a bond salesman on Wall Street during the late 1980s. THE BIG SHORT: Inside The Doomsday Machine Summary. This is a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a handful of unlikely--really unlikely--heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time . Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all the pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original books.