Liar's Poker

Michael Lewis

Book Reviews

Chamath Palihapitiya: "Probably my favorite book"

Tim Ferriss: "It's a very exciting book."

Book Synopsis

"Liar's Poker" is a captivating non-fiction book written by Michael Lewis that takes readers on a thrilling journey inside the world of Wall Street in the 1980s. Lewis, a former bond salesman at Salomon Brothers, provides a fascinating insider's account of the high-stakes world of investment banking.

Through vivid storytelling, Lewis exposes the outrageous and often absurd culture that dominated Wall Street during this era. He reveals the intense competition, greed, and excess that permeated the trading floors, where young, aggressive traders engaged in a merciless pursuit of money and status.

Lewis explores the rise of the mortgage bond market and the game of "liar's poker," a gambling-style game where traders would bet on the prices of bonds. He delves into the fascinating techniques and strategies used by traders, exposing the manipulation and deceit that often accompanied their dealings.

In "Liar's Poker," Lewis pulls back the curtain on the inner workings of one of the most powerful industries in the world, shedding light on the reckless behavior and unchecked power of those involved. The book serves as a cautionary tale, highlighting the dangerous consequences of unbridled ambition and the devastating impact it can have on both individuals and the economy as a whole.

With its sharp wit and gripping narrative, "Liar's Poker" offers readers an eye-opening and thought-provoking exploration of the financial industry's dark side. Lewis's keen observations and candid storytelling make this book an indispensable read for anyone interested in understanding the forces that shaped Wall Street and continue to influence global finance today.

Explore More Books

See All
The Fourth Part of the World
High
Justice on Trial
The Third Wave
Stress Test
Iacocca
Lincoln at Gettysburg
Consider Phlebas
Out of the Crisis
Twelve Against The Gods
The Bias That Divides Us
Linchpin
Judgment in Managerial Decision Making
Triggered
Anna Karenina
Atlas Shrugged
A Short Guide to a Happy Life
Modern Aramaic (Assyrinan/Syriac) Dictionary
The Book of Five Rings
Poor Numbers
The Undercover Economist
Vagabonding
Gridiron Genius
Execution
Folk Devils and Moral Panics
The Amber Spyglass
A Short History of Financial Euphoria
The Nature of the Beast
Shadow Divers
Stranger In A Strange Land
Destined For War
The Art of  Scientific Investigation
Mastering The Market Cycle
Artificial Intelligence
The Legend of Henry Ford
The Painted Bird
Restoring Our Republic
Lessons for the Living
The World Without Us
Things Hidden Since the Foundation of the World
The Fourth Turning
The Sum of Us
Kochland
Sit Like a Buddha
Mr. Penumbra's 24-Hour Bookstore
Awakening Joy
The Ten Golden Rules of Leadership
The Tycoons
Malabar Farm
The Watchman's Rattle
Global Crisis
Smart People Should Build Things
The Purple Cow
Indistractable
Civilized to Death
The Art of Spirited Away
Building the Intentional University
Twenty Thousand Leagues Under the Sea
A Story Lately Told
The Power of Full Engagement
Immortality
The Great Convergence
The Essential Scratch and Sniff Guide to Becoming a Wine Expert
Tales of the Unexpected
SuperFreakonomics
Friday Black
Undaunted Courage
House of Morgan
1,000 Foods To Eat Before You Die
Watchmen
Powering the Future
The Long Tail
Molecular Biology of the Cell
The Story of the Human Body
A Gentleman in Moscow
Race Against The Machine
A Curious Mind
Soon I Will Be Invincible
The Two-Parent Privelege
A Pattern Language
Home Economics
In Over Our Heads
The Upside of Inequality
How to Fail at Almost Everything and Still Win Big
Now, Discover Your Strengths
Edison
Tribe of Mentors
The World We Have Lost
Sailing Alone Around The World
The Culture Code
The Water Dancer
Rational Expectations
David Bowie
Devil's Harbor
The Conquest of Gaul
Farsighted
No Two Alike
The Back of the Napkin
The Hate U Give
The Secret Life of Salvador Dalí