Rating: ****
Tags: Lang:en
Publisher: W. W. Norton & Company
Added: February 7, 2019
Modified: November 5, 2021
Summary
The time was the 1980s. The place
was Wall Street. The game was called Liar’s Poker.
Before there was
Flash Boys and
The Big Short , there was
Liar's Poker. A knowing and unnervingly talented
debut, this insider’s account of 1980s Wall Street
excess transformed Michael Lewis from a disillusioned bond
salesman to the best-selling literary icon he is today.
Together, the three books cover thirty years of endemic
global corruption—perhaps the defining problem of our
age—which has never been so hilariously skewered as in
Liar's Poker , now in a twenty-fifth-anniversary
edition with a new afterword by the author.
It was wonderful to be young and working on Wall Street in
the 1980s: never before had so many twenty-four-year-olds
made so much money in so little time. After you learned the
trick of it, all you had to do was pick up the phone and the
money poured in your lap. This wickedly funny book endures as the best record we
have of those heady, frenzied years. In it Lewis describes
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. As he has continued to do for a quarter century, Michael
Lewis here 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 chairmen
Gutfreund challenges his chief trader to a hand of
liar’s poker for one million dollars. **