In fiction there was Bonfire of the Vanities; in reality, there is Liar's Poker--the fascinating insider's account of what really happens on Wall ...Show synopsisIn fiction there was Bonfire of the Vanities; in reality, there is Liar's Poker--the fascinating insider's account of what really happens on Wall Street. This irreverent and hilarious birds-eye view of Wall Street's heyday will appeal to anyone intrigued by the allure of million dollar deals. Now in trade paper.Hide synopsis
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A hoot! And informative, too. Hey, you can read this while the kids (or grandkids) are despoiling your hearing and your husband is nagging you to cook dinner. You will have fun and learn much. And the photo of the author is better than anything on TV these days.
I bought this book for the purpose of learning about Michael Lewis before I buy some of his subsequent and more recent books about Wall St. Although it is rather dated, it is an enjoyable intro. to the behind scenes and driving ideas of Wall St.'s mortgage market. Liar's Poker is informative and certainly worth a look. Michael is a talented writer and good story teller. I look forward to buying more of his books. As for the poker games, way outa my league!
Micheal Lewis's book is entertaining, though a bit rambling.
The most striking thing to me about the book, however, is how similar the 1980's bond market was to today's sub-prime mortgage crisis. Both seem to revolve around the 'securitization' of questionable debt -- how often do we have to repeat the same mistakes?
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