![]() ![]() Ironically, "I'm in it for the money" is not a good reason to want a job on Wall Street. Michael interviewed with Lehman and failed to get the job. Everyone wanted to work for Wall Street, and investment banking was a hot career. He reflects on his previous job hunting experience after getting his undergrad degree two years earlier. Michael landed a job at Salomon Brothers through a chance encounter with two wives of Salomon MDs (managing directors) in 1984. No tears", to which Meriwether replied, after seconds of thought, "No, I'd rather play for real money. Gutfreund challenged Meriwether to "One million dollars. ![]() Michael witnessed a classic bluff and re-bluff between John Gutfreund (chairman of Salomon Brothers) and John Meriwether (board member and bond trader). ![]() (The current subprime crisis indeed echoes some of the themes in that book.) Chapter Summaries Chapter One: Liar's Poker The book also followed the rise and fall of Salomon Brothers, mainly focusing on the mortgage bond department whose fortune closely traced the speculative bubble in various mortgage backed securities in the 80s. Liar's Poker contains in part an autobiographical account of Michael Lewis's own experience just before and during his time in Salomon Brothers. "infobox Book " name Liar's Poker image author Michael Lewis country United States language English genre Novel publisher W.W Norton Company release date 1989 media type Hardback & Paperback pages 310 isbn 0140143459 ![]()
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