The Money Culture

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The Money Culture

by Michael Lewis

WW Norton | February 1, 2011 | Trade Paperback

The Money Culture is rated 4 out of 5 by 1.
The 1980s was the most outrageous and turbulent era in the financial market since the crash of '29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade.

Format: Trade Paperback

Dimensions: 288 pages, 8.25 × 5.47 × 0.75 in

Published: February 1, 2011

Publisher: WW Norton

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0393338657

ISBN - 13: 9780393338652

Found in: Business and Finance

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Reviews

Rated 4 out of 5 by from Right on the Money Michael Lewis is the most engaging and entertaining financial writer today, and this 1991 book is a collection of his early writings, mostly from just after the publication of his bestselling classic ‘Liar’s Poker’. A mix of humorous, insightful, quaint, and sometimes dated articles, the book is divided into three sections: New World (US); Old World (Europe); and Other World (Japan). Many of the articles in the first section are about important events or people in finance: Trump, Milken, KKR and the takeover of RJR Nabisco. On Donald Trump he writes, “Trump has come to believe that if he nurtures his fame, his business will follow,” a small observation at the time, but how true it’s become over the past twenty years. Lewis’ closing story of the first section is a terrific yarn about an Amazon cruise with former Wall Street Week TV host Louis Rukeyeser. Rukeyeser will soon be a historical footnote, but Lewis’ telling is so observant of human nature that the story could be about any investment guru plying the airwaves today. It is very funny, and timeless. Some articles which otherwise would have seemed dated have a car-crash fascination about them and a coincidental relevance to today. In his section on Japan, for example, Lewis hypothesizes about the impact of a large Tokyo earthquake. Later he observes the Japanese as they search for causes in the aftermath of the (still half complete, at the time) stock and property market collapse of 1990. Lewis’ flair for language and his excellent characterizations make all of his stories a delight, but unfortunately some sections - for example the one on Congress’ crack-down on Wall Street (Ben Bernanke makes an interesting cameo assailing LBOs as creating too much leverage to be sustained in an economic downturn) - have aged and are not worth revisiting. Others, while perhaps funny at the time (the critique of the Harvard grad class reunion), seem a bit mean-spirited today. An excellent book that has aged unevenly. If you enjoy Michael Lewis’ writing, you will enjoy this book, but for those looking for a place to start with this author, choose Liar’s Poker, The Big Short, or Moneyball.
Date published: 2011-07-15

– More About This Product –

The Money Culture

The Money Culture

by Michael Lewis

Format: Trade Paperback

Dimensions: 288 pages, 8.25 × 5.47 × 0.75 in

Published: February 1, 2011

Publisher: WW Norton

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0393338657

ISBN - 13: 9780393338652

About the Book

The classic warts-and-all portrait of the 1980s financial scene.

From the Publisher

The 1980s was the most outrageous and turbulent era in the financial market since the crash of '29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade.

About the Author

Michael Lewis, the best-selling author of Liar’s Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang, among other works, lives in Berkeley, California, with his wife and three children.

Editorial Reviews

“The funniest and most trenchant commentator on the money-mad moguls reshaping our world today.” — USA Today