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Liar's Poker: A Memoir by Michael Lewis

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Published in Liar S Poker (Norton Paperback) Michael Lewis

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Liar's Poker (Norton Paperback)

by Michael Lewis

4.5 out of 5

Language	:	English
File size	:	695 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	313 pages
Screen Reader	:	Supported

Liar's Poker is a memoir by Michael Lewis about his experiences as a bond trader on Wall Street in the 1980s. The book was published in 1989 and has since become a classic of financial literature.

Lewis tells the story of his time at Salomon Brothers, a major investment bank. He describes the high-pressure environment of the trading floor, the long hours, and the intense competition. He also writes about the people he worked with, including his mentor, Lewis Ranieri, and his friend, Liar's Poker co-author, Barry Ritholtz.

Liar's Poker is a fascinating and often humorous look at the world of finance. Lewis writes with wit and insight about the greed, ambition, and excess of Wall Street. He also provides a valuable perspective on the financial crisis of 2008, which he argues was caused in part by the same reckless behavior that he witnessed at Salomon Brothers.

Here are some of the key takeaways from Liar's Poker:

Wall Street is a high-pressure environment where people are often forced to make quick decisions with little information. This can lead to mistakes, which can have serious consequences.
The people who work on Wall Street are often driven by greed and ambition. They are willing to take risks in order to make money, even if it means putting their clients at risk.
The financial industry is not regulated enough. This allows banks to take excessive risks, which can lead to financial crises.

Liar's Poker is a must-read for anyone who wants to understand the world of finance. It is a cautionary tale about the dangers of greed and recklessness, and it provides valuable insights into the financial crisis of 2008.

About the Author

Michael Lewis is an American author, journalist, and financial analyst. He is best known for his books about the financial industry, including Liar's Poker, The Big Short, and Flash Boys. Lewis has also written extensively about sports, politics, and economics.

Lewis was born in New Orleans, Louisiana, in 1960. He graduated from Princeton University in 1982 with a degree in history. After college, Lewis worked as a bond trader at Salomon Brothers. He left Salomon Brothers in 1989 to write Liar's Poker.

Lewis's books have been praised for their clarity, wit, and insight. He has won numerous awards for his writing, including the National Book Award for Nonfiction in 2010 for The Big Short.

Lewis is married to Tabitha Soren, a former television journalist. They have three children.