Liar's Poker is a game of strategy and psychology in which players hold random dollar bills with close attention to the serial numbers on their respective bills. Liar’s Poker recasts the bluffing spirit of the game of poker into an I Doubt It-style affair, doing away with the gambling aspect altogether. The amplitude of the themes changes a lot, from broad to narrower topics, but the author manages to crisscross between them while holding the links and maintaining the flow. Season 3, Episode 3 Liar's Poker. The game was called Liar’s Poker. During the turmoil, Isobel must make the difficult decision whether to sacrifice her conscience or her career. Please try again. Directed by Jeff Santo. They were paying 15% on deposits and making 6% on loans. FBI - Liar's Poker (Sneak Peek 4) CBS Entertainment. Worth a read for ML fans, but it is not his best work, Reviewed in the United States on August 28, 2017. This was as excellent as "The Big Short" and kind of sets the scene for it. Explains complex financial products without going in to unnecessary jargon and make things easily understandable. Michael Lewis’s account of the bond market in the 1980s is an enjoyable and informative read. I find it amusing that I only just discovered this book 31 years after it was originally (1989) published. The antics of the traders, the predominantly male-oriented language and culture and the seeds of the disaster to follow are all laid bare. Lewis Ranieri had been building a mortgage department for several years prior at Salomon (on a theory that it would be profitable one day), and unlike every other investment bank in the country, was ready to start buying mortgages from these distressed S&Ls. Free delivery on qualified orders. Please try your request again later. The book captures an important period in the history of Wall Street. This is an account of the author's experiences as a bond trader on Wall Street and provides an unusual insight into the workings of a trading company which enjoyed a period of temporary market dominance during a time when innovations outstripped regulations. Airs in 7 days 21 hours 10 min Tuesday, Dec 8, 9:00pm CBS. I love the way the switch between America and London is handled, it is intriguing to see this two sided perspective; and also the way the 80s stock market crash is described. The main characters of this business, non fiction story are , . In doing so, he generated tens of millions of dollars for Salomon Brothers and earned for himself a ringside seat on the greatest financial spectacle of the decade: the leveraging of America. Michael Lewis said that he wrote Liar’s Poker so that fewer idealistic college kids would dream of working on Wall Street. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. Liar's Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s. In this shrewd and wickedly funny audiobook, Michael Lewis describes an astonishing era and his own rake's progress through a powerful investment bank. Catches the atmosphere of the period 1984 - 1987 on the street, Reviewed in the United States on February 14, 2020. As interest rates rose to historically high levels, savings and loans across the country were in deep trouble. It gives and insight into trading floors in the 80s and the background to that time period. Lewis Ranieri had been building a mortgage department for several years prior at Salomon (on a theory that it would be profitable one day), and unlike every other investment bank in the country, was ready to start buying mortgages from these distressed S&Ls. The interest rate they were paying to depositors was repricing far faster than their mortgage books. Liar's Poker By Michael Lewis I Preface I WAS A BOND salesman, on Wall Street and in London. Lewis details his days as a trainee in Salomon brothers and tells the story of the legendary mortgage department headed by Lewis Ranieri. The interest rate they were paying to depositors was repricing far faster than their mortgage books. Please try again. That is not to be believed. Michael Lewis details how this empire was built while also describing the culture on the trading floor. Liar's Poker Introduction Rules. Hoarding ringers is strictly not allowed. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. In desperation, the S&Ls would sell their mortgages for a steep discount to Salomon, who would subsequently package them into bonds and sell to their institutional investors. To get the free app, enter your mobile phone number. Find all the books, read about the author, and more. The book follows his short career at Saloman Brothers in the 1980's. To be honest I didn't know what this book was fully about until I started reading it and was pleasantly surprised, so much so I have ordered more of the authors books. Worth a read for ML fans, but it is not his best work, Reviewed in the United States on August 28, 2017. Liar's Poker is played using randomly picked currency from your wallet. This was as excellent as "The Big Short" and kind of sets the scene for it. Something went wrong. Unable to add item to List. The book made me wonder how it may have been to live in such a unique work place and to regularly sleep and dine at places perhaps as impressive as some salaries mentioned: Le Périgord, Bristol, Tante Claire, Plaza Athenée, Claridge's, everything charged to the firm’s expense account. Please try again. It is funny, probably 97% true and mainly a good read. This book describes his early days, just out of college, as an investment banker. PLAY LIARS POKER LIKE A WALL STREET PRO. First published in 1989, it is considered one of the books that defined Wall Street during the 1980s, along with Bryan Burrough and John Helyar's Barbarians at the Gate: The Fall of RJR Nabisco, and the fictional The Bonfire of the Vanities by Tom Wolfe. Lewis' job was to transfer money, in the form of bonds, from those outside America who saved to those inside America who consumed. The book was published in multiple languages including English, consists of 256 pages and is available in Paperback format. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Like “If there was a single lesson I took away from Salomon Brothers, it is that rarely do all parties win. It gives and insight into trading floors in the 80s and the background to that time period. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. More specifically, it is the author's personal account of the culture within Salomon Brothers and why the … This book describes his early days, just out of college, as an investment banker. The bond traders, wearing greed and ambition as badges of honor, might well have swaggered straight from the pages of Bonfire of the Vanities. Guide made me question just how it might have been to live in such an one-of-a-kind job location and also to regularly rest and eat at locations perhaps as remarkable as some wages stated: Le Périgord, Bristol, Tante Claire, Plaza Athenée, Claridge’s, whatever charged to the firm’s expense account. A book by Michael Lewis named after the game, published in 1989 about bond traders on Wall Street. Reviewed in the United Kingdom on October 8, 2019. It's a great insider's look at one of the most important firms on Wall Street during the 1980's. The exact statement of some of these rules depends upon the number of players. The book made me wonder how it may have been to live in such a unique work place and to regularly sleep and dine at places perhaps as impressive as some salaries mentioned: Le Périgord, Bristol, Tante Claire, Plaza Athenée, Claridge's, everything charged to the firm’s expense account. The time was the 1980s. Read Liar's Poker: From the author of the Big Short (Hodder Great Reads) book reviews & author details and more at Amazon.in. The author has a great ability to write about complex things in the simplest of language. At the close of trading or on a slow day, the call for “SLIPS” or “PLAYERS” rang out and participants would gather round, grab printed sheets of paper containing hands and attempt to outfox each other for fun and profit. UP NEXT. Michael Lewis. Boomerang: Travels in the New Third World, The Big Short: Inside the Doomsday Machine, Panic! Reviewed in the United States on March 28, 2015. THE DEAL $14.95 a month after 30 days. The place was Wall Street. Author Michael Lewis tells the story as he witnesses it. Based on the book by Michael Lewis, describes the author's experiences as a salesman in Wall Street during the 80's. I only wish this book had been written a couple of years later to take in more of the story of Salomen Brothers. The nature of the game makes it great for get-togethers, bars, and road trips. He proves an excellent bond salesman but, in the process, fights a … Liar's Poker: Rising Through the Wreckage on Wall Street Audible Audiobook – Abridged Michael Lewis (Author, Narrator), Random House Audio (Publisher) 4.5 out of 5 stars 1,396 ratings It is funny, probably 97% true and mainly a good read. The Big Short: Inside the Doomsday Machine, Barbarians at the Gate: The Fall of RJR Nabisco, When Genius Failed: The Rise and Fall of Long-Term Capital Management, Liar's Poker (25th Anniversary Edition): Rising Through the Wreckage on Wall Street (25th Anniversary Edition), The New New Thing: A Silicon Valley Story, “The funniest book on Wall Street I’ve ever read.”. Catches the atmosphere of the period 1984 - 1987 on the street, Reviewed in the United States on February 14, 2020. The book is really a timeline of his employment at Salmon Brothers and, unlike his other books, really lacks any other central theme to hold it together. The insanity of the game captures the culture and excess wealth that dominated Wall Street in this era. Horrifically fascinating as it is, the somewhat one-paced writing makes this more educational than stimulating. Absolutely gripping, unputdownable. Explains complex financial products without going in to unnecessary jargon and make things easily understandable. Object of Liar’s Poker The mammoth-sized egos which are depicted are similar to what I have seen in many sales environments and the military where everything seems and may even be, bigger than life. Once I read this book I wondered why I had never read it before. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Liar's Poker is that one book everyone possibly has heard of as one of the most funniest books on finance. Any trader could walk up to another bunch of traders and shout “Liar’s Poker, $100”. : The Story of Modern Financial Insanity, The New New Thing: A Silicon Valley Story, Fluid narrative about the history of a sector, a company and a professional, Reviewed in the United States on January 30, 2017. Reviewed in the United States on October 20, 2018. The locker room language may be a bit coarse for some readers; this book was not on my church's book club list. I am a huge Michael Lewis fan and this was the one book of his that I had not read. Trust us. More specifically, it is the author's personal account of the culture within Salomon Brothers and why the company ultimately was bought out in the late 90s. The narrative is very fluid and I like the way the author swings between (i) the history of financial markets in 70/80’s, (ii) the rise and fall of Salomon Brothers and (iii) his own personal experiences inside the firm. Find Your Next Binge. Liar’s Poker Audiobook Free. There was a problem loading your book clubs. It was wonderful to be young and working on Wall Street in the 1980s - never had so many 24-year-olds made so much money in so little time. They were paying 15% on deposits and making 6% on loans. It is interesting to see inside of a Wall Street firm at that time and to see the ethics (or lack thereof) - only on Wall Street is it acceptable to use your "customers" as a place to offload junk product that you do not want to keep for yourself. Working beside traders at Salomon Brothers put me, I believe, at the epicenter of one of those events that help to define an age. Liar’s poker can also be used as a tool for teaching probability concepts, … Reviewed in the United Kingdom on April 5, 2020. he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick: a bond salesman who could turn over millions of dollars' worth of doubtful bonds with just one call. Traders are masters of the quick killing, and a lot of the killings in the past ten years or so have been quick. To be honest I didn't know what this book was fully about until I started reading it and was pleasantly surprised, so much so I have ordered more of the authors books. A dollar out of my customer’s pocket was a dollar in ours, and vice versa.” Reviewed in the United Kingdom on April 5, 2020. It's a great insider's look at one of the most important firms on Wall Street during the 1980's. Billy Ray Turner did not appear for scheduled court hearing WMC Action News 5 Memphis; ( 全部 130 条) 热门 / 最新 / 好友 / 只看本版本的评论 [已注销] 2009-10-31 15:21:32 中信出版社2007版 Liars Poker by Michael Lewis is a Story of Salomon Brothers. You're listening to a sample of the Audible audio edition. W. W. Norton & Company; Reprint edition (March 15, 2010), Fluid narrative about the history of a sector, a company and a professional, Reviewed in the United States on January 30, 2017. ― Michael Lewis, Liar's Poker. I have read only half of the books he has written but someday I will have read them all - he's that good. He details the rise and fall of mortgage bond trading at Salomon Bros, the origin of the junk bond market and his own experiences as a bond salesman at Salomon Bros. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Cancel online anytime. Liars Poker by Michael Lewis is a Story of Salomon Brothers. Back in the 80s, mortgage backed securities were non-existent. There's a problem loading this menu right now. With Richard Tyson, Jimmy Blondell, Flea, Caesar Luisi. Complete summary of Michael Lewis' Liar's Poker. word type: noun. Reviewed in the United States on October 20, 2018. Liar’s Poker is a unique game of bluffing. Your recently viewed items and featured recommendations, Select the department you want to search in. It also analyzes reviews to verify trustworthiness. The first edition of the novel was published in October 1st 1990, and was written by Michael Lewis. One credit a month to pick any title from our entire premium selection to keep (you’ll use your first credit now). It is mildly entertaining, but if this had been the first book of his I read, I would have missed out reading all his other fantastic books. This game bears little resemblance to traditional poker, although it does share some strategic elements, like probability and bluffing, as well as a touch of psychology. Reviewed in the United Kingdom on December 26, 2018. It is mildly entertaining, but if this had been the first book of his I read, I would have missed out reading all his other fantastic books. Liar's Poker: From the author of the Big Short (Hodder Great Reads): Amazon.co.uk: Lewis, Michael: 9780340839966: Books Overview. That makes it an excellent game for younger players, or to familiarize new players with the poker hands. The narrative is very fluid and I like the way the author swings between (i) the history of financial markets in 70/80’s, (ii) the rise and fall of Salomon Brothers and (iii) his own personal experiences inside the firm. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. The mammoth-sized egos which are depicted are similar to what I have seen in many sales environments and the military where everything seems and may even be, bigger than life. You don’t need to read “Liar’s Poker” to know bond punters can be a blunt and bombastic crowd. Any number of people may play Liars Poker, but the optimal number of players seems to be three to six. If you like humor, finance and inflated egos, you won't be disappointed! Lewis is prolific and entertaining. Liar s Poker is the culmination of those heady, frenzied years a behind-the-scenes look at a unique and turbulent time in American business. Liar’s Poker: Lies on Steroids Liar’s Poker was a game that Salomon Brothers’ traders engaged in on a daily basis. Once I read this book I wondered why I had never read it before. The book follows his short career at Saloman Brothers in the 1980's. Liar’s Poker Key Figures. Please try again. Sold and delivered by Audible, an Amazon company. Horrifically fascinating as it is, the somewhat one-paced writing makes this more educational than stimulating. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. This shopping feature will continue to load items when the Enter key is pressed. As the book mentions, some traders viewed the expense account as a soft-dollar compensation system. By completing your purchase, you agree to Audible’s Conditions of Use. Readers with a knowledge of investment banking will get most out of the book, but others might still find it a good read. As the book mentions, some traders viewed the expense account as a soft-dollar compensation system. Amusing Anecdotes of Capital Market Failure, Reviewed in the United Kingdom on June 6, 2018. Directed by Jim Charleston. Reviewed in the United States on March 28, 2015. Reviewed in the United Kingdom on February 20, 2018. The book, in my opinion, is by far his weakest one - which is understandable as I believe this is one of his earlier works. The game is simple. Liars Poker by Michael Lewis is a Story of Salomon Brothers. In such a desperate position, there was urgency to remove these mortgages from the balance sheet, which is where Salomon Brothers enters the picture. Besides, it is interesting to see how transparently the author shows that some prejudices people have about banks and financial markets professionals were intensely true. *FREE* shipping on eligible orders. All players must agree on the stakes, for example $1 per person per round. Liars Poker Rules These rules reflect the most recent changes and evolution of Liars Poker as of February 10, 1986. eNotes plot summaries cover all the significant action of Liar's Poker. Pretty hilarious too. You will get an email reminder before your trial ends. Back in the 80s, mortgage backed securities were non-existent. Unlimited listening to select Audible Originals, audiobooks, and podcasts. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Liar's Poker: From the author of the Big Short Readers with a knowledge of investment banking will get most out of the book, but others might still find it a good read. It also analyzes reviews to verify trustworthiness. Liar's Poker: From the author of the Big Short [Lewis, Michael] on Amazon.com.au. Absolutely gripping, unputdownable. The antics of the traders, the predominantly male-oriented language and culture and the seeds of the disaster to follow are all laid bare. Pretty hilarious too. More specifically, it is the author's personal account of the culture within Salomon Brothers and why the company ultimately was bought out in the late 90s. As interest rates rose to historically high levels, savings and loans across the country were in deep trouble. ©1989 Michael Lewis (P)1990 Random House, Inc. Random House Audio, a division of Random House, Inc. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free. Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. He makes Wall Street seem far too glamourous. More specifically, it is the author's personal account of the culture within Salomon Brothers and why the … FBI - Liar's Poker (Sneak Peek 2) CBS Entertainment; FBI - Liar's Poker (Sneak Peek 4) CBS Entertainment; Billy Ray Turner did not appear for scheduled court hearing The nature of the game is zero sum. Originally published in 1989, Liar’s Poker is a nonfiction book that details author Michael Lewis’s experiences as a Wall Street bonds salesman in the late 1980s.Liar’s Poker is a betting game played with single dollar bills. FBI Tonight: “Liar’s Poker” FBI Dec 8, 2020 Craig Byrne, Editor-In-Chief 0 Preview images and list of guest stars for the December 8 episode of FBI titled "Liar's Poker" airing on CBS Reviewed in the United Kingdom on October 8, 2019. CBS’ take on “Liar’s Poker”: “When the leader of a drug cartel and one of the world’s most wanted men, Antonio Vargas (guest star David Zayas), is apprehended by the team, the entire FBI headquarters is put at risk when his henchmen unveil a terroristic threat to free him. From an unlikely beginning (art history at Princeton?) Free download or read online Liars Poker pdf (ePUB) book. Lewis is prolific and entertaining. 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