Liar's Poker by Michael Lewis is an entertaining and informative memoir that provides an inside look at the wild world of mid-80s bond trading on Wall Street. The book covers the short career of Michael Lewis as a Salomon Brothers trader during the 80s, offering excellent insight into the financial workings of Wall Street. Through a mix of humor and real-life experiences, the author portrays the greed and gluttony of 1980s Wall Street while also shedding light on the dangers of excess in the financial industry. Lewis skillfully turns numbers into human drama, making complex financial concepts engaging and accessible to readers.
The narrative in Liar's Poker captures the essence of the 80s ethos of "greed is good" while also providing a critical look at the financial structures of the world. Michael Lewis presents a vivid and witty account of his time at Salomon Brothers, highlighting the dynamics of the bond market and the culture at the firm. The book not only serves as a historical critique of banking in the 80s but also offers relevant insights for today's professionals, showcasing how much of Wall Street's past behaviors still resonate in the present financial landscape.
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From The Publisher:
It was wonderful to be young and working on Wall Street in the 1980s: never had so many twenty-four-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. 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-a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call.
A born storyteller, Michael Lewis shows us how things really worked on Wall Street. The bond traders, wearing greed and ambition as badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. But for all their outrageous behavior, they were in fact presiding over enormous changes in the world economy. Lewis's job was to transfer money, in the form of bonds, from those outside American 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.
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About the Author:
Michael Lewis is the bestselling author of Liar's Poker, Moneyball, The Blind Side, and Flash Boys. He lives in Berkeley, California, with his wife and three children.
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