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Liar's Poker: Rising Through the Wreckage on Wall Street (平装)
 by Michael Lewis


Category: Bond trading, Investment banking, Wall Street, Financial markets
Market price: ¥ 168.00  MSL price: ¥ 138.00   [ Shop incentives ]
Stock: Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ]    
MSL rating:  
   
 Good for Gifts
MSL Pointer Review: Poisonously insightful, hysterically funny, Liar's Poker should be required reading for all moving to the Wall Street and all investors.
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  AllReviews   
  • A reader, France   <2006-12-24 00:00>

    While Lewis does a fine job as he writes a personal memoir of his time at Solomon Brothers in the mid-1980's, he soon loses focus of his main storyline. Lewis wanders off for three chapters to describe the creation of a home mortgage market and the personalities involved. It is as if Lewis or his editor suddenly decided that the amusing anecdotes of life on Wall Street were fine pulp, but needed to be framed in the context of historical substence in order for the book to be seen as respectable. (Ironically, Lewis's account of the rise to power of Michael Milken is more gripping, perhaps because Lewis was more directly affected by Milken's ambitions.) The evolution of equities as an investment is ignored almost completely, leaving the reader to wonder how, in the span of two years or so, the equities department of Solomon Brothers could go from "powerless" to surviving the layoffs started days before the crash of '87 to being the reason Solomon Brothers had its worst year in history. The author is inconsistent in his granting of pseudonyms or anonymity, naming a great many employees by name while protecting a chosen few.

    All in all, Liar's Poker is a quick, sometimes amusing account of Lewis's time at Solomon Brothers, but little more.

    (A negative review. MSL remarks.)
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