I read Michael Lewis' book "Flash Boys" and thoroughly enjoyed it, so I then bought a used copy of "Liar's Poker," one of his older books. This is a story of Lewis' first days as a bond trader, working for Goldman Sachs. While I did find parts of the book intriguing, much of it was also disturbing, considering the traders' lack of concern for their clients.For me, this book was not quite as thrilling or interesting as "Flash Boys," but it wasn't a bad read. This book is a little glimpse into the Wall Street investment scene. The version that I read was a completely butchered / abridged / e-copy. Apparently, even the books I read about becoming filthy rich are bargain versions. However, I think I still got a pretty good idea of the writing style.It catches the way a very specific group of business people speak and act. It is a little haunting for two reasons. The firm he worked for was a powerhouse in the 80s and no longer exists. Secondly, because what occurred before the 1987 stock crash with the home and loan scandal in the US is a little reminiscent of what happened in 2008. I think there are definitely parallels between the time Lewis is talking about and the crisis six years ago, especially when he talks about the Ranieri mortgage department at the Saloman Brothers.
What do You think about Liar's Poker (1989)?
great insights to the conflicted advice of our financial services industry
—cchris23
I did learn quite a bit about the markets, though.
—Cassy
