In this book, the author gives us a complete, detailed and almost unreserved description of what he has seen and heard, including Wall Street's way of treating people, office politics, and the working and living conditions of everyone on the trading floor. The author recorded all the inside stories he saw on Wall Street, and some situations from the book are still happening today. When the author entered this company, it was precisely at the turning point of declining. Its chairman was also called the “King of Wall Street” by Business Week. The author of this book, Michael Lewis, once worked at Salomon Brothers, the largest bond broker in the United States at the time. That’s what Wall Street was like in the 1980s. Although the Wall Street elites in the book were not villains, they were definitely not noble. A place filled with fraud and lies, where traders swear all the time and bankers are hypocritical and greedy. However, Liar’s Poker shows us another side of Wall Street. Well-dressed, full of financial jargon, and able to conduct billions of dollars’ worth of transactions are the key traits of those on Wall Street. They smile confidently, go to the gym regularly, and like to run marathons. They are well-groomed, well-dressed, and well-behaved. All kinds of complex calculations are simple to them. They can not only communicate endlessly with customers in different languages but also are incredibly familiar with market fluctuations and quotations. Graduating from the Ivy League is also a must. People who work there have excellent academic qualifications and glamorous resumes. We usually think that Wall Street is where financial elites gather. Today, we will unlock the book, Liar’s Poker. Leahy’s manager, Stu Willicker, “paid almost no attention to what he was told to do and encouraged his charges to intransigence He let us cut office meetings and work our own hours” (196).Hi, welcome to Bookey.

They help teach him the ropes, becoming what Salomon workers call “rabbis.” Lewis likes his bosses for their easygoing natures: “Rabbi Christian and Rabbi Leahy told me to find any way I could to make money and not to worry too much about pushing options and futures” (195). Lewis works for manager Dick Leahy and assistant manager Leslie Christian, selling bond options and futures. Lewis works at the London office for a little over two years, during which time staff expands from 150 to 900, they move to a new and much larger building, and “ens of millions of dollars were poured into our operation by the men on the forty-first floor in New York” (193). Salomon wants to become a worldwide powerhouse it focuses on London, which is an easier adjustment for staff than its Japanese branch is and less regulated, as well.

Liar's Poker by Michael Lewis