Liars Poker by Michael Lewis

The novel by Michael Lewis "Union Poker" is a very interesting direct material covering the internal story of the investment banking industry, in particular the Salomon Brothers bond trading in the 1980s. Lewis finished Wall Street, researched the art history of Yale University, and fun and detouring to bomb the interview with Lehman Brothers, but he founded Solomon through his lucky encounter with the two presidents I found it at the Brothers. I am myself. Through his book, Michael Lewis used his experience at Salomon Brothers to communicate the internal operations of investment banks to ordinary people in the 1980s.

A less-known book by Michael Lewis, one of the scammers' poker writers, is The New New Thing. Among them, he followed the pursuit of Netscape and founder of Jim Clark of Silicon Graphics, and the creation of new ones. As I have observed with other entrepreneurs, Lewis described the features of Jim Clark in detail: "With him he enthusiasm is a physical event ... when he gets excited he is 3 Inch grows 50 pounds "This book was written before the dot com bubble collapsed. Interestingly, Lewis pointed out that "Clark has not a past but a future." This also applies to many Silicon Valley entrepreneurs. Some of our speakers not only acknowledge their failure but also wear them as honor badges and bring their experiences to future projects.

John Meriwether gained a certain reputation with Michael Lewis' book "The Liar Poker". This explains that he is Solomon's older brother Uber trader and a liar poker master. Merriweather was one of the top bond traders of Salomon Brothers and later became the director of the bond securities division (in charge of mortgage guarantee and bond trading). Meriwether is the one who gathered mathematicians and physicists first at Wall Street from Massachusetts Institute of Technology and the University of California. Technology and turn them into bond traders. Merry Weather is a sign of the union between Wall Street and Ivory Tower

As I grew older, I saw different shades of gray. In the bond trading of the 1990s, Michael Lewis wrote a book called "The Liar's Poker" and explained that he said bond transactions are similar to poker, and many bluffs were telling a lie. Sometimes, betting these transactions in the US dollar will be very high. As a salesperson for high yield bonds, I'm lying. Even if a trader told me that the information is a lie, rather than just asking what I said to him, I did not simply repeat it to my client, but the price the trader told me Accept. I am not good at telling lies, I leave the pain of the Catholic school to lie, but I did it, this is part of my job. Customers know that some of the underlying business is bluffing, and that commercial poker and Bluff are part of my job. Real estate transactions involve bluff and exaggeration