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 Scout Mindset
The Brief Wondrous Life of Oscar Wao
The Great Challenge
The Decadent Society
The Power of Relentless
Fear and Loathing in Las Vegas
Competitive Strategy
Blankie
Believe In People
If At Birth You Don't Succeed
No Rules Rules
Hard Landing
The Status Syndrome
Opportunity Knocks
Common Stocks and Uncommon Profits
The Complete Sherlock Holmes
Mapping the Mind
Contrarian Investment Strategies
An Inconvenient Truth
Kill Switch
Race Against The Machine
Judgment in Managerial Decision Making
Leadership the Outward Bound Way
Upheaval
Atlas Shrugged
Dear Leader
Steal Like an Artist
Exponential Organizations
Fortitude
Data-Driven Marketing
The God That Failed
The Blank Swan
Tribe
Lost in Shangri-La
Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism
Seeking Wisdom
Awakening Joy
Stan Smith
The Goal
The Gay Science
Rework
Ice Age
The Little Book of Common Sense Investing
The World Until Yesterday
Last Chance to See
Thank God for Bitcoin
The Lights in the Tunnel
Psychopolitics
Adapt
The Conquest of Gaul
The World For Sale
Walk in Their Shoes
The Ultimate Resource 2
The Future Is Asian
Shantaram
Wake Up to the Joy of You
The Story of Civilization: The Age of Faith
The Yellow Pad
The Line Becomes a River
One Up on Wall Street
Ender's Game
The Peacemaker's Code
The Rise of Superman
Value Investing
Without Their Permission
Consolations
The Storytelling Animal
Dune Messiah
The New One
The Tyrrany of Guilt
The Man Who Solved The Market
The Origin of Consciousness in the Breakdown of the Bicameral Mind
The Idea Factory
The Adventures of Henry Thoreau
The Undoing Project
The Red Decade
Subliminal
Midnight In Chernobyl
Pattern Recognition
Deng Xiaoping and The Transformation of China
Other People's Money
The Yoga Sutra of Patanjali
Defending Beef
The Botany of Desire
I Think, Therefore I Laugh
My Life on the Road
If The Universe Is Teeming With Aliens...Where Is Everybody?
The Making of Prince of Persia
The Rise and Fall of the Great Powers
The Laws of Thermodynamics
Ham on Rye
The Legend of Henry Ford
Francis Crick
The One Sentence Persuasion Course
The New Science of Strong Materials
River Out of Eden
12 Rules For Life
Einstein's Mistakes
Lost Ocean
The Watchman's Rattle