Liar's Poker is about bond trading at Salomon Brothers during the financial boom of the 1980s. Lewis, fresh out of the London School of Economics, was hired by them in 1985. He became a bond salesman with the London office of the company, apparently a fairly successful one, before leaving the firm in 1988.
Funny, frightening, breathless and heartless, Liar's Poker is a now fabled story of hysterical greed and excessive ambition, one that is now more potent and enthralling than ever. The original classic that revealed the truth about ambition, greed and excess in London and Wall Street, by the author of the number one bestsellers The Big Short and Flash Boys.
The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker.
S04:E05 - Liar's Poker. Reno and Bobby trail a con artist convicted of a payroll heist. S04:E06 - Dead Heat. Reno visits a widow to investigate the death of her promising Thoroughbred. S04:E07 - An Uncle in the Business. A mobster searches for the list of people a hit man killed during his career. S04:E08 - Offshore Thunder. An offshore racing team's chief mechanic suspects sabotage after a.
Directed by Glenn Ficarra, John Requa. With Meenakshi Dixit, Joe Garvey. A look at the life of a high level bond trader in the 1980s.
LIAR'S POKER is one of those memoirs that immerse you in something far greater than one person's experience. It immerses you in a time and a place that were unique and spiked with all those base qualities of human nature: greed, arrogance, pomposity, (the list goes on). The vision he paints of Salomon Brothers in the mid 1980s is a contemporary verse pulled right out of Dante's Inferno.
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.
In a way, stocks today reflect what Mr. Lewis describes in Liar’s Poker, where Salomon Brothers merchandised the market’s ignorance about what priced bonds. We can do better by understanding how stocks are priced.
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.
Liar's Poker contains in part an autobiographical account of Michael Lewis's own experience just before and during his time in Salomon Brothers. The book also followed the rise and fall of Salomon Brothers, mainly focusing on the mortgage bond department whose fortune closely traced the speculative bubble in various mortgage backed securities in the 80s. (The current subprime crisis indeed.
The “genius” of Liar’s Poker, Mr. Farley said, is that it shows how “back then, if you were smarter, you had the upper hand. You didn’t know who was holding what bonds or what positions.
Liar's Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. (1) First published in 1989, it is considered one of the books that defined Wall Street during the 1980s, along with Bryan Burrough and John Helyar's Barbarians at the Gate: The Fall of RJR Nabisco, and the fictional The Bonfire.
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.
About Liar’s Poker 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.
The essence of Wall Street is a bluff game, like Liar's Poker, and it isn't insight into the market that gets you ahead so much as a gift for theatrics and a keen judgment of other people's weaknesses. There are hints of what was to come--Lewis Ranieri features pretty heavily in the book. He is the man who invented the mortgage bond, and he hired a number of PhDs to figure out was of managing.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.Liar's Poker records the author's experience as a bonds trader for Solomon Brothers, at the height of the 80's trading explosion - an accurate, and frightening, account of the ludicrous nature of the whole industry. Perhaps the most shocking aspect of the book is the attitude of the traders: to make money at any cost, regardless of the consequences. In this world, it was perfectly acceptable.