The trade gam­ing

Enterprise - - Book mate - Liar’s Poker

Liar’s Poker: Ris­ing Through the Wreck­age on Wall Street Michael Lewis

W. W. Nor­ton & Com­pany $13.02

256

Ti­tle: Au­thor: Pub­lisher: Price: No. of pages:

Lewis de­scribes liar’s poker as a game played in idle mo­ments by work­ers on Wall Street, the ob­jec­tive of which is to re­ward trick­ery and de­ceit. With this as a metaphor, Lewis de­scribes his four years with the Wall Street firm Salomon Broth­ers, from his bizarre hir­ing through the train­ing pro­gram to his years as a suc­cess­ful bond trader. Lewis il­lus­trates how eco­nomic de­ci­sions made at the na­tional level changed se­cu­ri­ties mar­kets and made bonds the most lu­cra­tive game on the Street. His de­scrip­tion of the firm’s per­son­al­i­ties and events, from 1984 through the crash of Oc­to­ber 1987, are vivid and mem­o­rable. has suc­cess­fully made the fi­nan­cial com­plex­i­ties of in­vest­ment bank­ing and the mar­kets ac­ces­si­ble to the lay­man

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