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Customer Reviews:
Great read
Compared to the Barbarians at the Gate - the best book on the greed and ambition of the financial world, that I have ever read - I would give 4 stars to the Liar's poker. It's also a great read (no wonder that author has been working as a journalist for a time), but it lacks the quality of backgrounds for people, companies and events that Barbarians at the Gate provides. Sometimes, author also moves away from the main topic and the general thread is lost to the reader.
Nevertheless, it is probably one of three must-read's for anyone interested in financial inovations and excessees of the 80-ies: Barbarian's at the Gate (corporate finance), Liar's poker (bonds/mortgages) and Predator's ball (junk bonds).
I loved reading this book
I found this book very good to read especially during the current financial crisis. Even though the author wrote it in the 80s, it shows the culture and business of investing. The author used to be a bond salesman in the New York and London offices of Salomon Brothers.
The description of the S&L crisis is in a way similar to the subprime mortgage crisis of 2008. The greed and obsession with money made both crises possible. After reading this book, I realized that no matter how much regulation we have, we will experience similar events. Yesterday, it was the S&L crisis, today it is the subprime mortgage crisis, and tomorrow the greedy minds of Wall Street will create something even more interesting that will have more devastating effects.
For those who are not familiar with the business of high finance, this book will be an eye-opener. It shows what traders, salesmen, and executives of Wall Street firms do every day to make money by taking huge risks with the hope of a payoff. I absolutely loved this book and highly recommend it.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
A Superb Story
A superb story from one of the employee's of the greatest banks to ever be established on Wall St. Once my lecturer recommended it to me i knew i had to read and thus i conclude by saying that it was well worth the time spent reading. I did not only learn about the insides of an investment bank and the daily work carried by them but also skills which will be of much use in the future. This is a must read for any student studying Economics.
This book should be pulped 
This book is utter, utter drivel - an endless stream of technical detail is only interrupted by uninteresting characters and banal anecdotes. It's like being trapped in a conversation with the dullest man alive. Do not listen to the other muppets who have posted their reviews - this book should be pulped.
A classic with a new relevance today
Lewis' 'Liar's Poker' was an instant classic upon publication. Yet it had an adverse effect: instead of being read as the critical account it was intended to be, an entire genereation of investment banker's used this book as a 'how to' guide and a prime resource of information on how to survive on Wall Street or in the City of London.
At present it attains a new relevance: the book can be read as am account of the culture that lead to the problems in the financial system.
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http://www.amazon.co.uk/Liars-Poker-Hodder-Great-Reads/dp/0340839961/ref=dp_return_2?ie=UTF8&n=266239&s=books&qid=1197036708&sr=1-1 CONTRARIAN INVESTING – Anthony Gallea and William Panatalon Nothing special. ...
http://mythoughts-mohan.blogspot.com/2007/11/books-on-investment.html
book review - traders guns and money - satyajit das
http://www.amazon.co.uk/exec/obidos/asin/0340839961/sr=1-2/qid=1150275862/ref=sr_1_2/026-8787779-9446068?%5fencoding=utf8&s=books&v=glance. i hoped we'd get another similar book to carry on where that one left off. ...
http://www.noelwatson.com/blog/PermaLink,guid,aeb31b5c-de3b-4d09-9a5c-00673d202154.aspx
