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Average rating: 4/5

Based on 2 ratings

Liar's Poker: Rising Through The Wreckage On Wall Street

by Michael Lewis
Read by: Michael Lewis

Random House Audio Publishing Group | September 18, 2007 | Audio Book (CD)

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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  • Community Reviews
    • Was this review
      helpful to you?
    Anonymous

    Rating: 5/5

    GREAT BOOK AND A MUST READ!!!!

    This review is from: Liars Poker (Trade Paperback)

    Anonymous

    5 years ago

    Michael Lewis did a great job in writing a short and funny story about his experiences on Wall Street. It is a great read for those that are just starting out in the industry as it is full of information and tips.

    • Was this review
      helpful to you?
    Kenyon Tse

    Rating: 5/5

    Great book!

    This review is from: Liars Poker (Trade Paperback)

    Kenyon Tse

    11 years ago

    This book gives you a great insider look into Wall Street without going into all the technical jargon often found with business books. This is a novel, not a technical manual. But at the same time, this is a real-life of how a person went from being at a banquet with Queen Elizabeth to the trading floor at Solomon Smith Barney. Great book for someone who just wants to get a taste of the happenings on Wall Street!

    • Was this review
      helpful to you?

    Looking for a job on the street in the 21st century? Read about the gluttony of 1980's Wall Street at Salomon Bros. and have a good laugh. Mike Lewis puts it all into perspective in his insightful, humourous, easy-to-read, first book. Learn a few tricks of the trade, or just a few good tricks. The chapter on mortgage backed securities (MBS) is the only slow part, but don't skip ahead you might learn something.

    • Was this review
      helpful to you?
    Dr. Jett Rink

    Rating: 5/5

    Liars Poker

    This review is from: Liars Poker (Trade Paperback)

    Dr. Jett Rink

    11 years ago

    How many books have you read more than once? This book is great. This book is funny. It is also a quick read.

    Do it. Find out about wallstreet. These charactors are great.

    • Was this review
      helpful to you?

    Solly (Solomon Brothers brokerage firm) in 1986 was a hot-bed of action for young, rich brokers. If you're looking at the industry you should know its past (which, interestingly, is also some firm's present) management culture. And if you're thinking of hiring a broker you should know what happens on the inside.

    Since the 1987 Correction (or Crash, depending on if you were invested or not at that time) and the rise of discount and e-brokers these days of the full-service stockbroker seem to be numbered (as they become more like bankers) but it is incredibly interesting to see how business was done when the blush was still on the rose. You don't need to be a market-maven to know what they are talking about all of the time, but it helps. This is to broker novels what Wall Street with Charlie Sheen and Michael Douglas is to broker movies.

    • Was this review
      helpful to you?

    Anyone thinking of a career in i-banking cannot pass up this book. An amazing book which takes a very unique view of the field. The book has many funny moments and is just a treat to read.

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