Welcome to the Home of Low Prices and Great Shopping

The #1 Online Shopping Destination...
Big Discounts on Electronics, Video Games, Music, Movies & Much More!
Easy, Safe & Secure Shopping. ShopShizzle Today!

 Location:  Home» Kindle Store » Subjects » Liar's Poker: Rising Through the Wreckage on Wall Street  
Categories
Apparel
Audio
Automotive
Baby and Children
Beauty
Books
Computers
DVD
Electronics
Gourmet Food
Grocery
Health
Home & Garden
Industrial & Science
Jewelry
Kindle Store
Kitchen
Magazines
MP3 Downloads
Music
Office Products
Outdoor Living
Pet Supplies
Photo & Camera
Software
Sporting Goods
Tools & Hardware
Toys
TV Shows & Movies
VHS
PC & Video Games
Watches
Wireless
Related Categories
• Subjects
Books
• Kindle Books
Format (feature_browse-bin)
Refinements
Books
• Business
Professionals & Academics
Biographies & Memoirs
Kindle Books
Categories
• General
Investing
Business & Investing
Kindle Books
Categories
• General
Business & Investing
Kindle Books
Categories
Kindle Store
Subcategories
Law
Sports
Teens
Travel
Featured Products

Liar's Poker: Rising Through the Wreckage on Wall Street

Liar's Poker: Rising Through the Wreckage on Wall Street

enlarge enlarge 
Author: Michael Lewis
Publisher: Norton
Category: EBooks

List Price: $10.95
Buy New: $8.76
You Save: $2.19 (20%)

Buy

Rating: 4.5 out of 5 stars 227 reviews
Sales Rank: 228

Format: Kindle Book
Media: Kindle Edition
Pages: 249
Number Of Items: 1

Dewey Decimal Number: 332.620973
ASIN: B000RO9VGS

Publication Date: April 10, 1995
Availability: Usually ships in 24 hours

Tell A Friend
Add to Wishlist
Add to Wedding Registry
Add to Baby Registry

Similar Items:

  • When Genius Failed: The Rise and Fall of Long-Term Capital Management
  • Barbarians at the Gate
  • Moneyball: The Art of Winning an Unfair Game
  • The Black Swan: The Impact of the Highly Improbable

Editorial Reviews:

Product Description

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 into your lap. In this shrewd and wickedly funny book, Michael Lewis describes an astonishing era and his own rake's progess 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.




Customer Reviews:   Read 222 more reviews...

5 out of 5 stars Insightful look into Salomon Brothers in the 1980s   January 7, 2009
Vasiliy Zhulin (bay area, CA USA)
Michael Lewis does an excellent job describing the internal history of Salomon Brothers in the 1980s. He writes an easy-to-read narrative that is not only a pleasure to read, but is also a sarcastic and detailed examination of how business is done on Wall Street. While Lewis writes specifically about Salomon Brothers, it is not difficult to apply his various criticisms toward other firms.

I felt the book was split implicitly into three parts. First, Lewis describes his first impressions of Salomon Brothers, the training program, and his initial experiences getting the job. Second, he steps back from his autobiographical narrative and explains the bigger picture. He tells the reader of the people who ran and built the firm in New York, the crazy things that happened on the trading floor, and how the mortgage trading department grew from a one-man team to a behemoth that would dominate Wall Street. Finally, he returns to his autobiography and talks of his experiences as a bond salesman in the London office. He outlines the fateful events of late 1987 and finally describes his last day at Salomon in 1988.

In the third part, Lewis also gives a brief history of Michael Milken and his rise to power at Drexel Burnham. Lewis gives the reader a lesson on how junk bonds became popular (Milken essentially made the market for junk bonds, just as Lewie Ranieri did the same for mortgage bonds). He describes how the demand for junk bonds greatly exceeded the supply until a new use for junk bonds was found - financing leveraged buy-outs by corporate raiders.

This book is a very enjoyable read. It is not as vengeful as Monkey Business (also a great read, but very different), but more descriptive and historical in nature. I was a bit reminded of Barbarians at the Gate when reading it. I felt that I got a great overview of Salomon Brothers in the 80s and of the people who made the firm great, especially Lewie Ranieri. Lewis also does an excellent job describing various finance concepts that he discusses throughout the book. He keeps things simple but he doesn't leave out details that would leave me hanging. That was very thoughtful of him, in my opinion.

In conclusion, I highly recommend this book to anyone interested in the corporate culture on Wall Street in the 1980s. It's a quick, easy, and enjoyable read.

Pros:
+ great historical overview of Salomon Brothers in the 80s
+ sharp, insightful, and satirical - an excellent look at Wall Street corporate culture
+ lots of interesting detail on people who built markets in the 80s
+ good definitions and descriptions of several financial concepts
+ fun to read!

Cons:
- a relatively small window into the history of the firm
- ends in 1988; would be great to see another edition wrapping up Salomon's story



2 out of 5 stars One Man's Experiences in the Financial Industry   January 1, 2009
Xenocrates
1 out of 1 found this review helpful

Michael Lewis details his short career on Wall Street working with Salmon Brokers as a trader (working both in the US and Europe). Lewis provides a description of the rise and fall of the mortgage bond market at Salomon Brothers as well his experience with other derivative markets. Included in the book are several outlandish incidents that went on behind the scenes at Salomon brothers. Many of the undertakings by the high net worth investment professionals will leave you taken aback as their actions show an often significant lack of any real viable market knowledge.

Beyond some revelations revealing the sophomoric attitudes of the investment professionals and a peripheral description of the financial markets, Liar's Poker offers little insight that one would not acquire by working as a temp at any major brokerage firm. Expecting to find a perceptive analysis on the financial markets, I was disappointed only to find a marginal account of the industry and some commentary on the author's personal experiences. Lewis is not a bad writer, as he proved to be witty at times, but the material becomes monotonous rather quickly.



3 out of 5 stars Liars Poker   December 16, 2008
Arleen (MN USA)
Good book, just not the cult classic I heard about. If you're not into stocks, bonds, the market, etc it's not for you. I think the author was very humble abous his own success, but in the end I think the book itself is overrated.


1 out of 5 stars I feel out numbered by young naive, economic ignoramuses.   December 10, 2008
Tom Ismon (Palm Springs/Seattle)
2 out of 18 found this review helpful

I am an experienced,well educated, retired, 63 year old entrpreuneur that is making a 20% return in this down market. I read a lot, but I have learned to read the 5 star and the 1 star reviews before wasting my most valuable asset, my precious time, and then buying a book like this. Look at the reviews if you are like me you will find that Michael(they'll never call him Mike) Lewis thinks this is a game not his future. After graduating from Princeton as an Art Major, ourl ittle micheal spent 2 years at Saloom Brother's as a flunky. Never mind, I too was a flunky for a small investment banker at his age while attending Univ. of Washington but then again I couldn't draw so I studied Samualson in Economics 101 and know why oil went from $147 to $42 in the last 6 months. Hint it has something to do with how prices are set at the margin. The lower reviewers called this author's opinion drival and a waste of time and these reviewers seem older, like me. But the book got the highest star rating I have seen, so now I feel out numbered by the young naive, economic ignoramuses who are a few years out of a liberal collage, who will miss the opportunity to see oil go back up soon and are head for a life of financial mediocracy and jealousy.
If describes you buy this book.

Meanwhile I am still looking for a worthwhile,rigorous read about the challenges for the Obama nation because in this market you can monatize real knowledge a sthe ignorant herds fear to double downat life's poker table.
I have two beautiful daughters who are also young and naive, but I hope they never date little michael. I have supported them for 25 year's and while they are working hard making it on there own, no one needs an anchor. Of course again maybe Michael will be the next Rembrandt.



4 out of 5 stars Leaves something to be desired   November 30, 2008
Robert (NYC)
1 out of 2 found this review helpful

First half = interesting. Second half = kinda boring. Lewis has inspired me to write a better insider's account of Wall Street.

Bestsellers in Toys & Games
Buy With Confidence

Buy with Confidence

Secure Checkout by Amazon.com


Your order is secure and backed by Amazon's
A-to-Z Guarantee
which guarantees your purchase, the condition of the item you buy, and its timely delivery.

ShopShizzle.com


Home

By using this site, you agree to abide by our Terms and Conditions
Copyright 2008 - ShopShizzle.com - All Rights Reserved.
Brought to you by MWG Investments, LLC

Our Other Sites:
ShopShizzle.com
| LeapFrog Leapster Learning | pcmFunding.com | | ChainsAndNecklaces.com

mwgInvestments.com.com
| UK Shopping Mall | SterlingSchmidt.com | KDL52XBR6 | 2756b003 | 120hz LCD