--- product_id: 1704927 title: "Liar's Poker: Rising Through the Wreckage of Wall Street" price: "€ 13.09" currency: EUR in_stock: false reviews_count: 13 url: https://www.desertcart.hr/products/1704927-liars-poker-rising-through-the-wreckage-of-wall-street store_origin: HR region: Croatia --- # Deep Wall Street Insights First Edition Collectible Original First Printing Liar's Poker: Rising Through the Wreckage of Wall Street **Price:** € 13.09 **Availability:** ❌ Out of Stock ## Summary > πŸ“ˆ Dive into the high-stakes jungle of 80s Wall Streetβ€”where fortunes were made and legends born! ## Quick Answers - **What is this?** Liar's Poker: Rising Through the Wreckage of Wall Street - **How much does it cost?** € 13.09 with free shipping - **Is it available?** Currently out of stock - **Where can I buy it?** [www.desertcart.hr](https://www.desertcart.hr/products/1704927-liars-poker-rising-through-the-wreckage-of-wall-street) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Key Features - β€’ **Authentic & Original:** First printing ensures you get the genuine Michael Lewis experience. - β€’ **Timeless Financial Wisdom:** Learn the roots of modern finance and the junk bond revolution. - β€’ **Unrivaled Insider Perspective:** A sharp, witty narrative revealing the rise and fall of Salomon Brothers. - β€’ **Own a Piece of Wall Street History:** First edition collectible capturing the 1980s trading floor frenzy. - β€’ **Must-Read for Ambitious Professionals:** Gain cultural currency with a classic that shaped Wall Street storytelling. ## Overview Liar's Poker is Michael Lewis' first edition, first printing classic that humorously chronicles his journey through the cutthroat 1980s bond market at Salomon Brothers. This collectible print offers a rare insider's look at the birth of mortgage bonds, junk bonds, and the culture of Wall Street trading, making it essential reading for professionals craving timeless financial insight and a front-row seat to history. ## Description The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly Review: Insightful look into Salomon Brothers in the 1980s - Michael Lewis does an excellent job describing the internal history of Salomon Brothers in the 1980s. He writes an easy-to-read narrative that is not only a pleasure to read, but is also a sarcastic and detailed examination of how business is done on Wall Street. While Lewis writes specifically about Salomon Brothers, it is not difficult to apply his various criticisms toward other firms. I felt the book was split implicitly into three parts. First, Lewis describes his first impressions of Salomon Brothers, the training program, and his initial experiences getting the job. Second, he steps back from his autobiographical narrative and explains the bigger picture. He tells the reader of the people who ran and built the firm in New York, the crazy things that happened on the trading floor, and how the mortgage trading department grew from a one-man team to a behemoth that would dominate Wall Street. Finally, he returns to his autobiography and talks of his experiences as a bond salesman in the London office. He outlines the fateful events of late 1987 and finally describes his last day at Salomon in 1988. In the third part, Lewis also gives a brief history of Michael Milken and his rise to power at Drexel Burnham. Lewis gives the reader a lesson on how junk bonds became popular (Milken essentially made the market for junk bonds, just as Lewie Ranieri did the same for mortgage bonds). He describes how the demand for junk bonds greatly exceeded the supply until a new use for junk bonds was found - financing leveraged buy-outs by corporate raiders. This book is a very enjoyable read. It is not as vengeful as Monkey Business (also a great read, but very different), but more descriptive and historical in nature. I was a bit reminded of Barbarians at the Gate when reading it. I felt that I got a great overview of Salomon Brothers in the 80s and of the people who made the firm great, especially Lewie Ranieri. Lewis also does an excellent job describing various finance concepts that he discusses throughout the book. He keeps things simple but he doesn't leave out details that would leave me hanging. That was very thoughtful of him, in my opinion. In conclusion, I highly recommend this book to anyone interested in the corporate culture on Wall Street in the 1980s. It's a quick, easy, and enjoyable read. Pros: + great historical overview of Salomon Brothers in the 80s + sharp, insightful, and satirical - an excellent look at Wall Street corporate culture + lots of interesting detail on people who built markets in the 80s + good definitions and descriptions of several financial concepts + fun to read! Cons: - a relatively small window into the history of the firm - ends in 1988; would be great to see another edition wrapping up Salomon's story Review: A Classic and Timeless Tale of Life as an Investment Banker - Although originally published in October 1989, Michael Lewis' 'Liar's Poker' is as timely a read today as it was back then. It seems the zero sum game in investment banking hasn't changed. For every money maker, there is a money loser, and usually it's the banks customers who lose. Described as 'wickedly funny,' Michael Lewis has a knack for articulating the absurd, and this is his first, and one of his best books. A true story of how he started his career as a trainee in the investment banking firm, Salomon Brothers, later becoming a bond trader based in the Salomons London office, until he left in 1988. He worked the phones, and on his customers, hard enough to become a 'Big Swinging Dick', or traders code for those who trumped the system, making millions for their company. Michael Lewis, unlike many other traders, did have a conscience, but he also wanted to keep his job. He makes up names for those who helped and inspired him at the firm, like 'Dash Riprock', his constant trader companion, and his 'Rabbis'; a mentor, or manager who took him under their wing. The author is less forgiving and used real names for those who deserve some kind of scorn, like John Gutfruend, who was chairman of Salomon Brothers during Michael Lewis' tenure there. Described as the 'last person a nerve-racked trader wanted to see.' He was the type of chairman who liked to sneak up from behind and surprise his traders. The author learns, soon after leaving his training for the trading desks that 'some of the men... were truly awful human beings... They didn't have customers. They had victims.' Other characters are colorfully portrayed in the book, although not many women are in the bunch, since, at the time, it was a male dominated play pen with not too many Big Swinging Dickettes. There was the 'Human Piranha,' a legendary trader who sprouted out profanities, stunning some trainees into silence and awe. And those 'mean gluttons' who worked as mortgage traders. Lewis wrote, 'nothing angered them more than being without food, unless it was being interrupted while they ate.' Michael Lewis also describes in the book the creation and use of mortgage bonds, but not too technically, so it won't overwhelm a layperson. And this is just one reason why 'Liar's Poker' is a timeless piece. After all, it was the invention of mortgage bonds that ultimately led to the financial crisis in 2008. And of course, the book would be vacant without mention of bonuses. Those fat sums of money handed out around December time to those who scored well enough to earn one. The size of a bonus measured the traders worth, and ego. Lewis adds and subtracts some zeros to give us an idea of how first and second-year traders bonuses were subject to a 'floor and ceiling.' And how the business 'froze' around bonus time. It was all anyone thought about. Michael Lewis explains that watching the faces of people coming out of their bonus meetings 'was worth a thousand lectures on the meaning of money in our small society.' The only difference between 1988 and now is that those excessive trader and executive bonuses are now part of a larger political and public discourse. In 'Liar's Poker,' Lewis describes how large salary bumps and bonuses are used to buy loyalty. But in reality, if an investment house across the street offers a better deal, the trader won't hesitate to go for more zeroes. Michael Lewis, is a respected financial journalist and non-fiction author. All of his books have been best-sellers for good reason. 'Liar's Poker' is an exemplary example of how truth can be stranger than fiction. Lewis describes life at Salomon like being in a 'jungle.' The players must be fiction, but, nope, they are real. The scary thing about this book is how timeless, and prophetic it is. Michael Lewis experienced the Wall Street crash of October 1987, and describes it in the book. And here we are, more than 20 years later. History repeating itself. ## Features - Collectible - First Edition - First Printing ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #77,011 in Books ( See Top 100 in Books ) #2 in Bonds Investing (Books) #5 in Business & Professional Humor #24 in Biographies of Business & Industrial Professionals | | Customer Reviews | 4.4 out of 5 stars 10,151 Reviews | ## Images ![Liar's Poker: Rising Through the Wreckage of Wall Street - Image 1](https://m.media-amazon.com/images/I/61DVCUFfh9L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Insightful look into Salomon Brothers in the 1980s *by V***N on January 7, 2009* Michael Lewis does an excellent job describing the internal history of Salomon Brothers in the 1980s. He writes an easy-to-read narrative that is not only a pleasure to read, but is also a sarcastic and detailed examination of how business is done on Wall Street. While Lewis writes specifically about Salomon Brothers, it is not difficult to apply his various criticisms toward other firms. I felt the book was split implicitly into three parts. First, Lewis describes his first impressions of Salomon Brothers, the training program, and his initial experiences getting the job. Second, he steps back from his autobiographical narrative and explains the bigger picture. He tells the reader of the people who ran and built the firm in New York, the crazy things that happened on the trading floor, and how the mortgage trading department grew from a one-man team to a behemoth that would dominate Wall Street. Finally, he returns to his autobiography and talks of his experiences as a bond salesman in the London office. He outlines the fateful events of late 1987 and finally describes his last day at Salomon in 1988. In the third part, Lewis also gives a brief history of Michael Milken and his rise to power at Drexel Burnham. Lewis gives the reader a lesson on how junk bonds became popular (Milken essentially made the market for junk bonds, just as Lewie Ranieri did the same for mortgage bonds). He describes how the demand for junk bonds greatly exceeded the supply until a new use for junk bonds was found - financing leveraged buy-outs by corporate raiders. This book is a very enjoyable read. It is not as vengeful as Monkey Business (also a great read, but very different), but more descriptive and historical in nature. I was a bit reminded of Barbarians at the Gate when reading it. I felt that I got a great overview of Salomon Brothers in the 80s and of the people who made the firm great, especially Lewie Ranieri. Lewis also does an excellent job describing various finance concepts that he discusses throughout the book. He keeps things simple but he doesn't leave out details that would leave me hanging. That was very thoughtful of him, in my opinion. In conclusion, I highly recommend this book to anyone interested in the corporate culture on Wall Street in the 1980s. It's a quick, easy, and enjoyable read. Pros: + great historical overview of Salomon Brothers in the 80s + sharp, insightful, and satirical - an excellent look at Wall Street corporate culture + lots of interesting detail on people who built markets in the 80s + good definitions and descriptions of several financial concepts + fun to read! Cons: - a relatively small window into the history of the firm - ends in 1988; would be great to see another edition wrapping up Salomon's story ### ⭐⭐⭐⭐ A Classic and Timeless Tale of Life as an Investment Banker *by N***S on May 26, 2012* Although originally published in October 1989, Michael Lewis' 'Liar's Poker' is as timely a read today as it was back then. It seems the zero sum game in investment banking hasn't changed. For every money maker, there is a money loser, and usually it's the banks customers who lose. Described as 'wickedly funny,' Michael Lewis has a knack for articulating the absurd, and this is his first, and one of his best books. A true story of how he started his career as a trainee in the investment banking firm, Salomon Brothers, later becoming a bond trader based in the Salomons London office, until he left in 1988. He worked the phones, and on his customers, hard enough to become a 'Big Swinging Dick', or traders code for those who trumped the system, making millions for their company. Michael Lewis, unlike many other traders, did have a conscience, but he also wanted to keep his job. He makes up names for those who helped and inspired him at the firm, like 'Dash Riprock', his constant trader companion, and his 'Rabbis'; a mentor, or manager who took him under their wing. The author is less forgiving and used real names for those who deserve some kind of scorn, like John Gutfruend, who was chairman of Salomon Brothers during Michael Lewis' tenure there. Described as the 'last person a nerve-racked trader wanted to see.' He was the type of chairman who liked to sneak up from behind and surprise his traders. The author learns, soon after leaving his training for the trading desks that 'some of the men... were truly awful human beings... They didn't have customers. They had victims.' Other characters are colorfully portrayed in the book, although not many women are in the bunch, since, at the time, it was a male dominated play pen with not too many Big Swinging Dickettes. There was the 'Human Piranha,' a legendary trader who sprouted out profanities, stunning some trainees into silence and awe. And those 'mean gluttons' who worked as mortgage traders. Lewis wrote, 'nothing angered them more than being without food, unless it was being interrupted while they ate.' Michael Lewis also describes in the book the creation and use of mortgage bonds, but not too technically, so it won't overwhelm a layperson. And this is just one reason why 'Liar's Poker' is a timeless piece. After all, it was the invention of mortgage bonds that ultimately led to the financial crisis in 2008. And of course, the book would be vacant without mention of bonuses. Those fat sums of money handed out around December time to those who scored well enough to earn one. The size of a bonus measured the traders worth, and ego. Lewis adds and subtracts some zeros to give us an idea of how first and second-year traders bonuses were subject to a 'floor and ceiling.' And how the business 'froze' around bonus time. It was all anyone thought about. Michael Lewis explains that watching the faces of people coming out of their bonus meetings 'was worth a thousand lectures on the meaning of money in our small society.' The only difference between 1988 and now is that those excessive trader and executive bonuses are now part of a larger political and public discourse. In 'Liar's Poker,' Lewis describes how large salary bumps and bonuses are used to buy loyalty. But in reality, if an investment house across the street offers a better deal, the trader won't hesitate to go for more zeroes. Michael Lewis, is a respected financial journalist and non-fiction author. All of his books have been best-sellers for good reason. 'Liar's Poker' is an exemplary example of how truth can be stranger than fiction. Lewis describes life at Salomon like being in a 'jungle.' The players must be fiction, but, nope, they are real. The scary thing about this book is how timeless, and prophetic it is. Michael Lewis experienced the Wall Street crash of October 1987, and describes it in the book. And here we are, more than 20 years later. History repeating itself. ### ⭐⭐⭐⭐⭐ Small Investor Required Reading - Heed the Warnings! *by B***E on October 9, 2011* A hilarious and grimly realistic look at the world of investment banking - as true today (2011) as it was in the 1980s when originally written. This should be required reading for anyone who has ever thought they could beat Wall Street at its own game - in other words, a cold-blooded reality check for those poisoned by the fumes of the "get-rich-quick" myth. Although an autobiography detailing the author's career with Salomon Brother's in the 1980s, it also serves as an informative study on the turmoil that rocked the markets in the 1980s that resulted in a major change in investor focus from the stock exchange to the bond market - and it is this that set the stage for the infamous crash of 1987 as well as the problems we face today with the mortgage bond market. It all started here. Lewis pulls no punches with frank commentary or his brutal prose: he has no problem ripping aside our comforting illusions of the investment world and is equally ready to turn his dagger against himself as well as against his former colleagues. He puts to rest the myth that 'anyone can get rich doing this' - advice that many former 'day-traders' of the 1980s probably wish they had heard at the time. True, if you know what you are doing you can likely make money - but that requires a twenty-four/seven commitment to keeping an eye on the entire market - not just stocks and bonds but the dynamics driving the industries behind them - which very few can do without quitting their day jobs. He shows the results of the dark side of the market - the consequences of losing triple your original investment - and how hard it is to avoid this. The odds are definitely stacked against the casual investor. Best summary of all this information: don't do it. This book also is an excellent business case study about what happens when a firm suddenly finds itself out of its familiar territory and makes no provisions or changes to deal with it. Consider the fact that we have an investment bank doing business in Europe - that has no idea who the European banks are! (Yes, you'll find that in the text). Or management that refuses to concede that their perfect plan has nothing to do with the business reality. Or, worse, that the lowest members of the hierarchy are able to see instantly that a firm, the most profitable on Wall Street at the time, is doomed to fail. It does. Readers who are offended by the use of uncensored language would probably do well to steer clear of this work - Lewis does not make any attempt to tone-down either the facts or the language used by the players. He does not offer a positive spin on the risks involved in the investment game and he makes it clear that all players need to be careful about assuming how much their advisers really have their best interests at heart. This is all to the good - this book is all the more striking because of this. Definitely a must-read for those who have ever considered taking on the market or for those who desire a clearer understanding of what exactly goes on in the world of Wall Street. It isn't comforting - nor should it be. But at least if a person still feels able to take on the windmills after reading this warning, they will be making sure that they aren't the fool in the market. --- ## Why Shop on Desertcart? - πŸ›’ **Trusted by 1.3+ Million Shoppers** β€” Serving international shoppers since 2016 - 🌍 **Shop Globally** β€” Access 737+ million products across 21 categories - πŸ’° **No Hidden Fees** β€” All customs, duties, and taxes included in the price - πŸ”„ **15-Day Free Returns** β€” Hassle-free returns (30 days for PRO members) - πŸ”’ **Secure Payments** β€” Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** β€” Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.hr/products/1704927-liars-poker-rising-through-the-wreckage-of-wall-street](https://www.desertcart.hr/products/1704927-liars-poker-rising-through-the-wreckage-of-wall-street) --- *Product available on Desertcart Croatia* *Store origin: HR* *Last updated: 2026-09-09*