His other works include Boomerang, The New New Thing, about Silicon Valley during the Internet boom; Coach, about the transformative powers of his own high school baseball coach; Losers, about the 1996 Presidential campaign; and Liars Poker, a Wall Street story based in part.
More Info "Lewis has such a gift for storytelling."-New York Times There was a turning point in Michael Lewis's life, in a baseball game when he was fourteen years old.
He traces the rise of Salomon Brothers through mortgage trading, when deregulation by the.S.Mine made a small killing.Important figures in that history feature prominently in the text: John Meriwether, mortgage department head Lewis Ranieri, and firm CEO John Gutfreund.No mushy tribute to the joys of fatherhood, Lewis book addresses the good, the bad, and the merely baffling about having ston Globe When Michael Lewis became a father, he decided to keep a written record of what actually happened immediately after the birth.Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade.Endorsements and Reviews This delightfully written, lesson-laden book deserves a place of its own in the Baseball Hall of Fame.When banks and creditors argue that housing is stable, and the market in fact does keep on surging, his clients grow angry and fearful as Burry continues his short plays.Lewis remarked in his conclusion that the 1980s were a time when anyone could make millions, provided they were in the right place at the right time, as exemplified by Lewis Ranieri's success.The irascible and often terrifying Coach Fitz put the ball in his hand with the game on the line and managed to convey such confident trust in Lewis's ability that the boy had no choice but to live up.It was his depictions of the larger-than-life personalities like Gutfreund, blackjack chinese manga the jungle mentality, and other elements of the unsavory culture that really made the book a hit, however.
His opponent, John Meriwether (widely considered the firm's best player) didn't want to beat the CEO, so he got the boss to back off by saying he'd only play for 10 million.
Library Journal Journalism of a high order.
The descriptions of his fellow workers are sometimes affectionate, sometimes humorous, and often scathing.
When it comes to markets, the first deadly sin is greed.A reference to Tom Wolfe 's character in The Bonfire of the Vanities.M, lewis describes a friend working as an analyst who "was so strung out that he regularly nipped into a bathroom stall during midday lulls and slept on the toilet.He described people on Wall Street as masters at taking advantage of an undiscerning public, which the savings and loan industry provided in abundance.58.) Blowing up a customer Successfully convincing a customer to purchase an investment product which ends up declining rapidly in value, forcing the client to end up withdrawing from the market.In one scene, Ryan Gosling pulls blocks from a Jenga tower to display how tranches work in mortgage-backed securities (MBS) such as collateralized mortgage obligations (CMO).When news broke that the Soviet nuclear reactor had exploded, Alexander called.More Info Four years after his #1 bestseller The Big Short, Michael Lewis returns to Wall Street to report joe poker 1 75 on a high-tech predator stalking the equity markets.SuperSummary, a modern alternative to SparkNotes and CliffsNotes, offers high-quality study guides for challenging works of literature.More Info Tornadoes, cyclones, tsunamis Weather can be deadlyespecially when it strikes without warning.Forbes The best book of the year, Moneyball already feels like the most influential book on sports ever written.In the end, it concludes, Wall Street greed sank the global economy for years.
Janet Maslin, New York Times When we first meet Michael Oher is one of thirteen children by a mother addicted to crack; he does not know his real name, his father, his birthday, or how to read or write.
Liars Poker paints bond trading in the 1980s as a roguish adventure that asks a lot of its participants but rewards them well.
Biographical section edit Lewis was an art history student at Princeton University, who nonetheless wanted to break into Wall Street to make money.