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
A History of Western Technology
Taxes Have Consequences
The Box
The Healing Journey
The Oxford History of Britain
The River of Doubt
Road to Wigan Pier
The Opium of the Intellectuals
Fewer
Academically Adrift
Raising Girls
Sourdough Culture
The Immateriality of the Material
My Forty Years with Ford
The Brief Wondrous Life of Oscar Wao
Visual Explanations
The Uterus Is a Feature, Not a Bug
More Than You Know
Prisoners of Geography
Netflixed
The Origin of Consciousness in the Breakdown of the Bicameral Mind
The Big Score
Trading Bases
Living With A SEAL
Trauma
Walden
Primed to Perform
Don't Shoot the Dog!
Flu
Getting to Maybe
Reminiscences of a Stock Operator
The Poems of Dylan Thomas
The Farming Ladder
Harvesting the Biosphere
Red Notice
Confessions of a Philosopher
The 80/20 Principle
Leapfrog
How To Turn Down A Billion Dollars
The Plot Against the President
Check Your Financial Privilege
Knowledge and Decisions
Hagakure
City of the Century
An Apology for the Builder
Army Of None
Solution Selling
Andrew Carnegie
Essentialism
The Iliad
The Great Crash of 1929
Exit Interview
The Seventh Sense
First a Dream
The Fatal Conceit
The Way of Kings
True Enough
The Creative Curve
Rework
Alexander Hamilton
Portfolios of the Poor
The City In History
The House of Rothschild
Seeing Like a State
Paradigms Of A.I. Programming
Alpha Girls
The Story of Civilization: The Age of Voltaire
Well
Liberty Under Seige
I Seem To Be A Verb
The Hand
Race Matters
Empires of Light
Ask The Dust
The Eden Project
The Things They Carried
The Myth of the Rational Voter
Moby Dick
On Writing
The Great Challenge
Daring Greatly
The German Generals Talk
I Will Teach You To Be Rich
Hansel and Gretel
Expert Political Judgement
Bossypants
The Sleepwalkers
Lean In
Fooled By Randomness
New Power
Whole Earth Discipline
Ham on Rye
Brave New Words
Hoover Dam
Out of Many, One
Travels with Charley
Cold Calling Techniques
Hamlet
The Black Jacobins
The Choice