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Rajat Ubhaykar's Reviews > Liar's Poker: Rising Through the Wreckage on Wall Street
Liar's Poker: Rising Through the Wreckage on Wall Street
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Atlas Shrugged for the philistine. It's subtle glorification of the greedy, underneath a veneer of hilarious sarcasm and grudging respect is the stuff financial Bibles are made of.
An interesting slice of financial history is captured succinctly, more precisely the development of Collaterized Mortgage Obligations in the 80's which also has direct relevance to the recent U.S housing crisis.
If you wish to get everything you can out of this book, get your Finance 101 straight. It'll be a lot more fun.
An interesting slice of financial history is captured succinctly, more precisely the development of Collaterized Mortgage Obligations in the 80's which also has direct relevance to the recent U.S housing crisis.
If you wish to get everything you can out of this book, get your Finance 101 straight. It'll be a lot more fun.
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Reading Progress
Finished Reading
(Other Paperback Edition)
Finished Reading
January 2, 2011
– Shelved
April 26, 2014
– Shelved as:
business-finance...
(Other Paperback Edition)
April 26, 2014
– Shelved
(Other Paperback Edition)
July 20, 2015
– Shelved as:
comedy
(Other Paperback Edition)
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Steve
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rated it 5 stars
Oct 31, 2012 09:39AM
In the intro to The Big Short, Lewis said he was disappointed that readers of Liar's Poker treated it as a "How To" manual, more than an expose of Wall Street's excesses. I think that perception came from the fact that there really was, as you said, a glorification of that whole scene.
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Yes Steve you're very right. The Big Short qualifies as an expose of the faulty system that led to the financial crisis. While the characters in Liar's Poker are well sketched as is usually the case with Michael Lewis, his hilarious descriptions make it all the more difficult to read it as an expose. It lacks the gravity, in a manner of speaking.
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Atlas Shrugged for the philistine. Perfect.
