investing

Liar's Poker

No Lie. Liar's Poker is an unvarnished glimpse into how market traders really think and behave.

Image removed.

 

  • Author: Michael Lewis
  • Publisher: Norton, W.W. & Company, 320 pages

 

No Lie. Liar's Poker is an unvarnished glimpse into how market traders really think and behave. Even if you’re a novice investor with starter money in a retirement account, you’ll learn much from this trading-floor view of Wall Street.

Author Michael Lewis witnessed plenty of risque behavior, some abhorrent and even criminal, during his time as a bond trader for Goldman Sachs on the floor of the New York Stock Exchange back in the 1980s. He saw all the shenanigans that led to the savings and loans crisis. Lewis intended this book to be a wake-up call. But he was both bemused and shocked later that many business students took it as “how-to-get-rich” guide in the decades that followed.

He continued illuminating the opaque corners of the financial world with subsequent books, such as The Big Short, his look at the 2008 market meltdown. Hollywood turned Lewis' book into a movie that won a 2016 Oscar for best screenplay.

Why should Kiplinger readers give their time to this earlier 1989 title? Simple. Do you want to know how Wall Street really works? Liar’s Poker tells all.

BUY HERE

 

Visit the Kiplinger Bookshelf

Most Popular

25 Best Kirkland Products You Should Buy at Costco
Smart Buying

25 Best Kirkland Products You Should Buy at Costco

Many of warehouse club Costco's store-branded Kirkland Signature items get high marks for quality and value. Check out our picks.
July 21, 2021
Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments
Tax Breaks

Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments

Unlike stimulus checks, you might have to repay your monthly child tax credit payments if you get too much money from the IRS.
July 16, 2021
Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?
Tax Breaks

Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?

Everyone loves receiving large sums of money from Uncle Sam. But people who take advance child tax payments may take a hit on next year's tax refund.
July 31, 2021

Recommended

Readers Find Some Weird Winners
Investing for Income

Readers Find Some Weird Winners

Most of the time, I find flaws in offbeat investments with high distributions. But sometimes oddities have their day of glory.
July 30, 2021
How to Play the High-Yield Rally
Becoming an Investor

How to Play the High-Yield Rally

Junk bonds have been on a tear, so this fund has shifted to defense.
July 29, 2021
How to Profit From ETFs
Becoming an Investor

How to Profit From ETFs

Exchange-traded funds aren’t new, but they’re still red-hot. Here’s a detailed look at why you should consider these investment vehicles, for both you…
July 29, 2021
The Case for Investing Overseas
Kip 25

The Case for Investing Overseas

Fidelity International Growth fund tends to thrive during stretches of market uncertainty.
July 29, 2021