Liar S Poker

Liar S Poker

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SUMMARY:

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 gold rush. Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.

Details :

Genre : Biography & Autobiography
Author by : Michael Lewis
Publisher : W. W. Norton & Company
Release : 2010-03-15
File : 256 Pages
ISBN-13 : 0393066258


Liar S Poker 25th Anniversary Edition Rising Through The Wreckage On Wall Street 25th Anniversary Edition

Liar S Poker 25th Anniversary Edition Rising Through The Wreckage On Wall Street 25th Anniversary Edition

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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.

Details :

Genre : Biography & Autobiography
Author by : Michael Lewis
Publisher : W. W. Norton & Company
Release : 2014-10-27
File : 320 Pages
ISBN-13 : 9780393247145


Quicklet On Liar S Poker By Michael Lewis

Quicklet On Liar S Poker By Michael Lewis

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SUMMARY:

Quicklets: Learn More. Read Less. Published in 1989, best-selling Liar's Poker details author Michael Lewis's time in the London office of Salomon Brothers in the mid-1980's. Written after he left the firm in 1988, the book tells the story of 1980's Wall Street in a wickedly funny manner, featuring some of the most interesting characters to walk across the pages of non-fiction. Along with Tom Wolfe's Bonfire of the Vanities, it is generally considered to be one of the defining books of the era. The name is taken from liar's poker, a gambling game popular with Wall Street traders. Though Liar's Poker has not yet been made into a film, Lewis is currently in discussions with Warner Bros. about a film adaptation. BOOK EXCERPT FROM CHAPTER 3 OF THE QUICKLET ON LIAR'S POKER But all that began to change in late 1979. Michael compares making money on Wall Street to eating the stuffing out of a turkey; first somebody must stuff the turkey. In 1979, the bond turkey started getting stuffed. Two parties were responsible. The first was Fed chairman Paul Volcker, who on October 6, 1979, announced that interest rates would no longer be fixed. Money supply would be fixed, and interest rates would float. In practice, this meant that interest rates would swing wildly. And since bond prices moved inversely to interest rates, bond prices would swing wildly as well. In one move, the bond market was changed from a sleepy backwater for a safe investments into a casino. The second was the governments, corporations, and consumers of the United States. Specifically, their desire to borrow money. The rate of borrowing increased during the 1980's faster than it ever had before; the indebtedness of all three groups totaled $323 billion in 1977. By 1985 it was $7 trillion. ...to be continued! Quicklets: Learn More. Read Less.

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Genre : Study Aids
Author by : Jameson Knoll
Publisher : Hyperink Inc
Release : 2011-12-05
File : 58 Pages
ISBN-13 : 9781614648000


Liar S Poker

Liar S Poker

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SUMMARY:

Liar’s Poker by Michael Lewis | Summary & Analysis Preview: 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 high-yield junk bonds during this period. During the 1980s, Salomon Brothers was the largest investment banking firm in the United States… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Liar’s Poker · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways

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Genre : Business & Economics
Author by : Instaread
Publisher : Instaread
Release : 2016-03-01
File : 35 Pages
ISBN-13 : 9781945048173


The Poker Face Of Wall Street

The Poker Face Of Wall Street

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SUMMARY:

Wall Street is where poker and modern finance?and the theory behind these "games"?clash head on. In both worlds, real risk means real money is made or lost in a heart beat, and neither camp is always rational with the risk it takes. As a result, business and financial professionals who want to use poker insights to improve their job performance will find this entertaining book a "must read." So will poker players searching for an edge in applying the insights of risk-takers on Wall Street.

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Genre : Business & Economics
Author by : Aaron Brown
Publisher : John Wiley & Sons
Release : 2011-08-26
File : 368 Pages
ISBN-13 : 9781118161104


Liar S Poker

Liar S Poker

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SUMMARY:

The fundamental and strategic interests of Germany and the United States in controlling oil routes and key areas of the world are illuminated in this translation. Domination of Russia and China, the bombing of Yugoslavia, and a NATO-sanctioned war for control of the Balkans are speculated about and discussed as long-term goals of the so-called Great Powers. The media and its faulty coverage of similar events in the past is examined, giving the reader the tools necessary to weed through the barrage of organized disinformation and avoid manipulation by the media.

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Genre : Political Science
Author by : Michel Collon
Publisher :
Release : 2002
File : 202 Pages
ISBN-13 : STANFORD:36105112818013


The Money Culture

The Money Culture

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SUMMARY:

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

Details :

Genre : Biography & Autobiography
Author by : Michael Lewis
Publisher : W. W. Norton & Company
Release : 2011-02-14
File : 298 Pages
ISBN-13 : 0393066797


Boomerang Travels In The New Third World

Boomerang Travels In The New Third World

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SUMMARY:

“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.

Details :

Genre : Business & Economics
Author by : Michael Lewis
Publisher : W. W. Norton & Company
Release : 2011-10-03
File : 240 Pages
ISBN-13 : 9780393082241


Liar S Poker

Liar S Poker

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SUMMARY:

The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.

Details :

Genre : Biography & Autobiography
Author by : Michael Lewis
Publisher : W. W. Norton & Company
Release : 2010-03-15
File : 310 Pages
ISBN-13 : 9780393338690


Japanization

Japanization

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SUMMARY:

An in-depth look at Japan's economic malaise and the steps itmust take to compete globally In Japanization, Bloomberg columnist WilliamPesek—based in Tokyo—presents a detailed look atJapan's continuing twenty-year economic slow-down, the politicaland economic reasons behind it, and the policies it could andshould undertake to return to growth and influence. Despite newPrime Minister Shinzo Abe's promise of economic revitalization,investor optimism about the future, and plenty of potential,Japanization reveals why things are unlikely to change anytime soon. Pesek argues that "Abenomics," as the new policies are popularlyreferred to, is nothing more than a dressed-up version of the sameold fiscal and monetary policies that have left Japan withcrippling debt, interest rates at zero, and constant deflation. Heexplores the ten forces that are stunting Japan's growth and offersprescriptions for fixing each one. Offers a skeptical counterpoint to the popular rosy narrativeon the economic outlook for Japan Gives investors practical and detailed insight on the realcondition of Japan's economy Reveals ten factors stunting Japan's growth and why they areunlikely to be solved any time soon Explains why most of what readers believe they know aboutJapan's economy is wrong Includes case studies of some of the biggest Japanesecompanies, including Olympus, Japan Airlines, Sony, and Toyota,among others For many investors, businesspeople, and economists, Japan's longeconomic struggle is difficult to comprehend, particularly giventhe economic advantages it appears to have over its neighbors.Japanization offers a ground-level look at why its problemscontinue and what it can do to change course.

Details :

Genre : Political Science
Author by : William Pesek
Publisher : John Wiley & Sons
Release : 2014-03-19
File : 256 Pages
ISBN-13 : 9781118780725