Liars Poker book review

Todays been an interesting one, as I’ve been waiting for removalists to come along and provide me quotes for how much it will cost to move ‘stuff.’ It’s also given me some space to consider the book I’m almost finished, and thus quickly write a someone pre-emptive book review on it between appointments.

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The book is Liars Poker, by Michael Lewis, and so far it has been an interesting read. The book is set in the heady days of the 80’s based in the Salomon Brothers trading firm on Wall St. As for the authors tone, imagine everything Gordon Gecko meets a less polished Moneyball.

The book traces the path of a young graduate employee at Salomon Brothers who has fallen into the position through sheer luck. The author, in this case, is actually writing from the first person which provides great interest to me as a fan of Michael Lewis’ later work, Moneyball and The Blind Side. This first person voice provides a great perspective on a lot of the things that went on in the 80’s generally, including the rise and rise of the mortgage market in the US at the time, as well as the effects of capitalism on the elite traders of the world. It actually really helped by basic understand of the mess we’re in now with the Sub-Prime Crisis, as most of the damage has stemmed from the decisions made by guys Lewis writes about in Liars Poker.

All up, the book so far is another gem and goes on the list of highly recommended. It hasn’t has such great takeaways as far as ‘things I can put into use’ but still provides a different way to view the world for a time and better understand the system of global finance. 3.5 squiggly-lines our of 5!