The time was the 1980s. The location was Wall Street. The video game was called Phony’s Poker.
Before there was Flash Boys and The Big Brief, there was Liar’s Poker. An understanding and unnervingly gifted launching, this expert’s account of 1980s Wall Street excess transformed Michael Lewis from a disillusioned bond salesperson to the very popular literary icon he is today. Together, the 3 books cover thirty years of endemic global corruption– perhaps the defining issue of our age– which has actually never been so hilariously skewered as in Liar’s Poker, now in a twenty-fifth-anniversary edition with a new afterword by the author.
It was fantastic to be young and dealing with Wall Street in the 1980s: never ever before had so lots of twenty-four-year-olds made so much cash in so little time. After you found out the trick of it, all you had to do was choose up the phone and the cash gathered your lap.This wickedly
funny book endures as the best record we have of those heady, frenzied years. In it Lewis explains his own rake’s progress through a powerful financial investment bank. From an unlikely beginning (art history at Princeton?) he rose in 2 brief years from Salomon Brothers student to Geek (the lowest form of life on the trading floor) to Big Swinging Penis, the most harmful monster in the jungle, a bond salesperson who could turn over countless dollars’ worth of uncertain bonds with simply one call.As he has continued to provide for a quarter century, Michael Lewis here shows us how things actually dealt with Wall Street. In the Salomon training program a roomful of candidates is stunned speechless by the vitriolic profanity of the Human Piranha; out on the trading flooring, bond traders toss telephones at the heads of servants and Salomon chairmen Gutfreund challenges his chief trader to a hand of phony’s poker for one million dollars.W W Norton Business