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

asked by allnet on November 1, 2006 12:08 PM

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Engrossing at the outset then runs out of steam. I had to put it down.
reviewed by perfectjen on November 9, 2006 2:03 AM

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...you can waste your time and save your money by checking this out of your local library.

If you want to get an "inside view" of the inner workings of Wall Street during the excessive gyrations of the '80s, then read Den of Theives - that book is well written and well worth the money!

What turned me off about this book was the structure and the writing style. The first half of the book was essentially the author relating fortuitous circumstances that were the product of Serendipity. He was simply in the right place at the right time, had virutally no idea how he got there, felt out of place the whole time (even when he was raking in the Big Bucks in NY and London), and so now he thought he'd wwrite a book about it. I also got the sense that he was trying to assuage some guilt from his association at Salomon Brothers. He was there, he made a lot of money, good for him - get over it!

I was also pretty disappointed because the subject matter has A LOT more potential. I might have actually enjoyed it - had I not read Den of Theives 7 years earlier, and already had some idea of how things took place. But, if you can get it for $5 or less (including shipping), and you have little to no knowledge of what an investment banker's life is like (and you haven't also seen the movie Wall Street (which covers the same highlights in this book)), then it's probably worth it.

I did like the wrap up he did towards the end of the book, relating where he had heard everyone from the firm ended up...althought that seemed a little rushed...
reviewed by savvy on November 10, 2006 6:53 PM

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Everyone has read this, and its easy to understand why. One of the best written books about Wall Street ever, Michael Lewis is superb as he goes about describing his experience at Salomon Brothers during the 1980's as a bond salesman. Introduces us to the legendary trader John Meriweather before he started Long Term Capital Management.
reviewed by vegaswinner on November 19, 2006 2:13 PM

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This should be required reading analysts and associates along with `Monkey Business: Swinging Through the Wall Street Jungle' and `Goldman Sachs: The Culture of Success'. Each gives a different and illuminating perspective on the ups and downs of the many different departments that make up large, institutional finance organizations. Moreover, there are in totality especially useful if you have no idea about how finance actually operates on a day-to-day basis beyond what you see in your economics courses (definitely the case at Harvard, U Chicago, MIT and the like, where these firms heavily recruit). Can definitely give those without and an internship or direct experience the ability to level the playing field to a large degree.
reviewed by selena on November 23, 2006 4:05 AM

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