From the list on financial history.
Who am I?
By the late nineties, I had lost faith in the industry where I had made a living for twenty years. Deregulation on Wall St and in the City had left investment banking with a business model riddled with conflict of interest. The rewards spiralled out of control and the businesses became too complicated for the regulators to supervise. I have a doctorate in history and had been a top-ranked investment analyst in several sectors. I took an idea to Penguin and my first book, The Death of Gentlemanly Capitalism, was published in 2001. I've since written six more, and contributed regularly to the Financial Times and BBC.
Philip's book list on financial history
Discover why each book is one of Philip's favorite books on financial history .
Why this book?
This is the book that lifted the lid on Wall St’s roaring eighties. It’s funny, personal, and true to life. It exposes the basic truth in investment banking: the customer comes second. "Who do you work for, this guy or Salomon Brothers?" a shame-faced Lewis is asked by his boss after inadvertently selling a bad bond to an unsuspecting client. It’s a question that every investment banker faces at some time in their career and it’s all laid bare in the book that established a genre.
Why should I read it?
4 authors picked Liar's Poker as one of their favorite books, and they share why you should read it.
What is this book about?
Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar's Poker is the culmination of those heady, frenzied years-a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game…
- Coming soon!